Business

NSE begins 2019 on a negative note

Published

8 years ago

January 3, 2019

The Nigerian Stock Exchange ended the first trading session in 2019 on a negative note. The All Share Index closed at 31,070.06 basis points, down 1.15%. Year to date, the index is also down 1.15%, being the first trading day of the year.

Julius Berger was the best performing stock today. The stock gained 10% to close at N22.10. Vitafoam Nigeria was next appreciating by 9.5% to close at N4.82. Royal Exchange Plc rounds up the top three gainers adding 9.1% to close at N0.24.

On the flip side, Nigerian Breweries shed 8.4% to close at N78.30. Law Union and Rock declined by 8.3% to close at N0.55. Honeywell Flour rounds up the top three losers for today dropping 7.8% to close at N1.18.

Diamond Bank was the most actively traded stock today. 50.6 million shares valued at N111 million were traded in 288 deals. Sovereign Trust Insurance was next with 32.9 million shares valued at N6.6 million traded in 42 deals. Access Bank rounds up the top three most actively traded. 20.7 millon shares valued at N136 million were traded in 199 deals.

Meanwhile Resort Savings and Loans released its results for the 2017 financial year. Gross earnings fell from N883 million in 2016 to N490 million in 2017. The company made a loss after tax of N947 million in 2017.