Business
NSE begins 2019 on a negative note
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.
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.