October 17, 2018

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Nigerian Stock Exchange Winners And Losers In September

Nigerian Stock Exchange Winners And Losers In September

Despite the poor performance of stocks in September, some stocks managed to beat the index. September was not only the worst month this quarter, but the worst this year so far on the Nigerian Stock Exchange (NSE). This was largely due to a herd effect as investors exit emerging markets and pre-election concerns by foreign investors.

Here are the best and worst performing stocks on the NSE for the month:

Top Gainers

Skye Bank was the best performing stock this month. The stock opened at N0.51 and closed at N0.77, up 50.98%. Year to date, the stock is up 54%. The stock has since been suspended from trading by the NSE, following the revocation of the bank’s license by the Central Bank of Nigeria (CBN).

Union Diagnostics and Clinical Services Plc gained 30.77%. The stock opened at N0.26 and closed at N0.34, up N0.08. Year to date, the stock is down 32%.

UAC Property Development Company (UPDC) gained 24.20%. The stock opened at N1.57, and closed at N1.95, up N0.38. Year to date, the stock is down 30.11%.

C&I Leasing Plc gained 20.8% last month. The stock opened at N2.50 and closed at N3.02, up N0.52. Year to date, the stock is up 134.11% and is one of the best performing on the NSE.

First Aluminium Plc appreciated by 20.59%. The stock opened at N0.34 and closed at N0.41, up N0.07. Year to date, the stock is down 18%.

Top Losers

Standard Alliance Insurance Plc was the worst performing stock last month. The stock opened at N0.38 and closed at N0.20, down N0.18. Year to date, the stock is down 60%.

Universal Insurance fell by 42.50%. The stock opened at N0.40 and closed at N0.23, down N0.17. Year to date, the stock is down 54%.

Cement Company of Northern Nigeria Plc (also known as Sokoto Cement) shed 18.12%. The stock opened at N30.90 and closed at N25.30, down N5.60. Year to date, the stock is up 166.32%, and is the best performing stock on the NSE.

Flour Mills of Nigeria Plc shed 17.70%. The stock opened at N24.30 and closed at N20, down N4.30. Year to date, the stock is down 31.3%.

ABC Transport Plc declined by 16.67%. The stock opened at N0.36 and closed at N0.30, down N0.06. Year to date, the stock is down 40%.

Cornerstone Insurance Plc, fell by 16.67% last month. The stock opened at N0.24 and closed at N0.20, down N0.04. Year to date, the stock is down 60%.

 

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