By Financescape
EQUITY
NSE equities market closed the week with a positive rally, as the benchmark index appreciated by 2.33% WOW to close the week at 27,779.
The All Share Index closed the week at 27,779 basis points, Year to date returns stands at -11.62%. As the market sustained positive trend all other indices finished higher except for NSE Insurance which depreciated by 2.13% and NSE Industrial Goods Indices which depreciated 0.41%.
Market Capitalization closed the week at N13.523 trillion.
Top Gainers: at the end of trading on Friday, August 13, 2019, NPFMCRFBK gained 9.91% top the gainer’s chart to close at N1.22, followed by OKOMUOIL closed at N48.40, ETI closed at N8.00, UAC-PROP closed at N1.50, CADBURY round-up the top five gainers of the day to close at N10.75.
Top Losers: CHAMPION Plc led the losers chart declining by -5.80% to close at N1.30, followed by WAPIC to close at N0.37, UNIONDAC Plc closed at N 0.24, OANDO closed at N3.80 and MANSARD round-up the top five losers for the day to close at N 1.71.
CORPORATE NEWS:
Stanbic IBTC Holdings Plc: LISTING OF ADDITIONAL 232,899,013 ORDINARY SHARES OF 50 KOBOS EACH
232,899,013 ordinary shares of Stanbic IBTC Holdings Plc were listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange) on 12 September 2019.
The additional 232,899,013 ordinary shares of 50 kobos each resulted from the scrip dividend offered to eligible shareholders of Stanbic IBTC who elected to receive new ordinary shares in place of cash dividends concerning the N1.50 final dividend declared for the financial year ended 31 December 2018.
United Bank for Africa Plc: price was adjusted to N6.10 on September 13, 2019, due to the payment of an interim dividend of N0.20 per share.
NPF Microfinance Bank Plc – Proposed Rights Issue at a price of N1.50, the rights issue will be based on one new ordinary share for every one ordinary share held. The Qualification Date for the Rights Issue is Thursday, 12 September 2019.
