Union Bank trades large volumes on the NSE today

The Nigerian Stock Exchange recovered from yesterday’s losses during today’s trading session. The All Share Index closed at 29,746.24 basis points, up 0.85%.

Year to date, the index remains in the red, down 5.36%

Top Gainers and Losers

Chams Plc continued what seems to be bull run. The stock gained 10% to close at N0.33 and is up by nearly 40% since it announced a three kobo dividend. Dangote Flour appreciated by 9.78% to close at N10.10.

Transnationwide Express rounds up the top three gainers for the day. The stock gained 9.33% to close at N0.82.

Conglomerate John Holt Plc led the losers today. The stock fell by 9.62% to close at N0.47. Royal Exchange Plc shed 8.70% to close at. N0.21. AG Leventis Plc, another conglomerate rounds up the top three losers for the day. The stock shed 7.14% to close at N0.26.

Top Trades by Volume

Union Bank Plc was the most actively traded stock today. 134 million shares valued N912 million were traded in 39 deals. Guaranty Trust Bank was next with 61 million shares valued at N2.1 billion were traded in 192 deals.

African Alliance Insurance rounds up the top three most traded stocks for today. 15 million shares valued at N3 million were traded in 1 deal.

Corporate Actions

Tier one lender Access Bank Plc today released its results for the first quarter ended March 2019

Interest income increased from N87.2 billion in 2017 to N95.1 billion in 2018. Profit before tax increased from N27.4 billion in 2017 to N45.1 billion in 2018. Profit after tax jumped from N22.1 billion in 2017 to N41.1 billion in 2018

Abbey Mortgage Bank Plc released its audited full-year 2018 results. The company remains mired in losses as it recorded a loss after tax of N665 million.