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NSE LIVE: Courtville, Cornerstone, CCNN lead gainers as the Nigerian bourse opens week bullish



Number of unemployed Nigerians rises to 21m in one year

The Nigerian Stock Exchange (NSE) opened the trading week on a bullish note. The All Share Index closed at 26,384.45 basis points, up by 0.14% and the market cap gaining N17.4 billion. Year to date, however, the Nigerian bourse is down by 16.05%.

Top 5 gainers

On the gainers’ chart, Courtville Business Solution led with a 9.52% gain to close at N0.23. Tripple GEE and Company was next with an 8.47% gain to close at N0.64.

Cornerstone Insurance, the best performing stock of last week and one of the stocks in our watchlist, gained 7.89% to close at N0.41.

Cement Company of Northern Nigeria (CCNN) gained 6% to close at N15.90. CCNN closed negative on Friday due to negative market sentiment before the company released its Q3 2019 financial statement with a 118.5% increase in profit after tax.

Union Diagnostic and Clinical Services rounds up the top 5 gainers with a 4.35% gain to close at N0.24

READ ALSO: Access Bank gets CBN’s nod to acquire Kenya’s Transnational bank

Top 5 losers

On the flipside, Liverstock Feeds opens the week as the worst perform in Monday’s trading session. The stock shed 8% to close at N0.46.

UAC Nigeria lost 7.69% to close at N6. University Press was next with a 4.35% to close at N1.10.

Axa Mansard closed at N1.65, losing 2.94%. Neimeth International Pharmaceuticals rounds up the top 5 decliners with a 2.50% to close at N0.39.

Top 5 trades

Monday’s trading witnessed 485.9 million shares worth N1.08 billion exchanged hands in 3,861 deals.

Veritas Kapital Assurance led top 5 trades by volume with 346.7 million shares valued at N69.3 million traded in 4 deals.

Zenith Bank followed with 22 million shares worth N374.1 million traded in 461 deals. Courtville Business Solutions traded 21.5 million shares valued at N4.9 million in 39 deals.

Nigeria’s biggest bank by assets, Access Bank traded 21.2 million shares valued at N155 million in 188 deals.

Transcorp rounds up the top 5 trades by volume with 11 million shares worth N11.3 million traded in 32 deals.

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