Ecobank leads as NSE closes week on positive note

August 24, 2019
276 Views

The Nigerian Stock Exchange (NSE) received a serious boost as the market closed on a positive note this week with the All-Share Index improving by 0.62%, closing at 27,800.17 basis points against the 26,925.29 it recorded last week.

The 40 equities appreciated in price during the week, higher than 15 equities that appreciated the previous week. 25 equities depreciated in price this week, as against 34 equities in the previous week, while 101 equities remained unchanged this week, lower than 119 equities recorded in the preceding week.

Ecobank Transnational Incorporated was the best-performing stock this week. The stock opened at N6.00 and closed at N8.00, up N2.00 or 33.3 per cent. Year to date, the stock is up 42.9%.

Oando Plc opened at N3.35 and closed at N4.05, up N0.70 or 20.9 per cent. Year to date, the stock is up 19%. Fidelity Bank Plc opened at N1.40 and closed at N1.68, up N0.28 or 20%. Year to date, the stock is up 17.2%.

Others included UACN Plc which opened at N4.50 and closed at N5.35, up N0.85 or 18.9 per cent while Law Union & Rock Insurance Plc opened at N0.33 and closed at N0.39, up N0.06 or 18.2%.

Okomu Oil Palm Plc was the worst-performing stock this week, shedding 18.1% and closing by N40.15. Lasaco Assurance Plc opened the week at N0.33 and closed at N0.29, down N0.04 or 12.1%.

Continental Reinsurance Plc opened the week at N1.45 and closed at N1.30, down N0.15 or 10.3%, while Tripple Gee and Company Plc opened the week at N0.70 and closed at N0.63, down N0.07 or 10%.

Other losers are MRS Oil Nigeria Plc which opened the week at N20.85 and closed at N18.80, down N2.05 or 9.8%, and Cadbury Nigeria Plc which opened the week at N10.30 and closed at N9.30, down N1.00 or 9.7%.

Unity Bank Plc and Linkage Assurance Plc are at the bottom with their stocks opening at N0.69, N0.52 respectively and closing at N0.63 and N0.48

You may be interested

Euro 2024: Tielemans, De Bruyne Score As Belgium Overcome Romania
Sports
Sports

Euro 2024: Tielemans, De Bruyne Score As Belgium Overcome Romania

Webby - June 22, 2024

Belgium kept their hope of qualifying to the knockout stages of Euro 2024 after overcoming Romania 2-0 on Saturday.An early…

Chukwuemeka Will Prove His Worth At Chelsea Next Season –Madueke
Sports
6 views
Sports
6 views

Chukwuemeka Will Prove His Worth At Chelsea Next Season –Madueke

Webby - June 20, 2024

Chelsea winger Noni Madueke believes Camey Chukwuemeka will prove his worth next season in the Premier League.Madueke made this known…

Sports
3 views

12 Schools Battle For Honours In Milo Basketball Championship Finals

Webby - June 20, 2024

12 Schools will battle for honours in the 24th edition of the Milo Secondary School Basketball Championship.Six teams made into…

Leave a Comment

Your email address will not be published.