{"id":16894,"date":"2019-04-14T16:11:53","date_gmt":"2019-04-14T16:11:53","guid":{"rendered":"https:\/\/everyday.ng\/?p=16894"},"modified":"2019-04-14T16:11:53","modified_gmt":"2019-04-14T16:11:53","slug":"pz-cussons-nigeria-drops-to-10-year-low-this-week","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=16894","title":{"rendered":"PZ Cussons Nigeria drops to 10 year low last week"},"content":{"rendered":"

By Onome Ohwovoriole\u00a0<\/strong>(www.nairametrcs.com)<\/strong>
\nThe Nigerian Stock Exchange continued its decline in the month of April. The All Share Index opened at 29,616,38 basis points, and closed at 29,560.47 basis points, down 0.19%. Year to date, the index is down 5.95%.
\n35 equities appreciated in price during the week, higher than 14 in the previous week. 31 equities depreciated in price, lower than 55 equities of the previous week. 101 equities remained unchanged, higher than 98 equities recorded in the preceding week.
\nTop Gainers: Learn Africa Plc\u00a0<\/strong>
\nLearn Africa Plc was the best performing stock this week,\u00a0appreciating\u00a0by 18.70%.\u00a0It\u00a0opened at N1.23 and closed at N1.46, up N0.23. Year to date, the stock is up 7.35%.
\nMay and Baker Plc\u00a0<\/strong>
\nMay and Baker Plc gained 17.39% this week. The stock opened at N2.30 and closed at N2.70, up N0.40. Year to date, the stock is up 10.20%.
\nChams Plc\u00a0<\/strong>
\nChams Plc opened the week at N0.24 and closed at N0.28, up N0.04 or 16.67%. Year to date, the stock is up 40%.
\nRegency Alliance Insurance Plc\u00a0\u00a0<\/strong>
\nRegency Alliance Insurance appreciated\u00a0by\u00a0 13.64%. The stock opened at N0.22 and closed at N0.25, up N0.03. Year to date, the stock is up 19.05%.
\nThe company this week released its audited 2018 financial statement.
\nGross\u00a0premium\u00a0written increased slightly from N5.5 billion in 2017 to N5.7 billion in 2018. Profit before tax and profit after tax however declined.\u00a0Profit\u00a0 before\u00a0tax dipped from N412\u00a0million\u00a0in 2017 to N373 million in 2018. Profit after tax also dipped from N275 million in 2017 to N273 million in 2018.
\nThe company will be holding a board meeting on the 25th\u00a0of April, 2019.\u00a0On the agenda is consideration of Regency\u2019s Q1 2019 results and future corporate structure of the company.
\nA dividend of N0.03 was declared.
\nMutual Benefits Assurance Plc\u00a0\u00a0<\/strong>
\nMutual Benefits Assurance appreciated by 10% this week. The stock opened at N0.20 and closed at N0.22, up N0.02 or 10%. Year to date, the stock is up 4.76%
\nNiger Insurance Plc\u00a0\u00a0<\/strong>
\nNiger Insurance also rose by the same percentage margin, gaining 10%. The stock opened at N0.20 and closed at N0.22, up N0.02 or 10%. Year to date, the stock is down 8.33%.
\nVeritas Kapital Assurance\u00a0<\/strong>
\nVeritas rounds up the triumvirate of stocks that gained 10%. The stock opened at N0.20 and closed at N0.22, up N0.02. Year to date, the stock is down 4.35%.
\nNeimeth\u00a0International Pharmaceuticals\u00a0\u00a0<\/strong>
\nNeimeth\u00a0International Pharmaceuticals opened at N0.51 and closed at N0.56, up N0.05 or 9.80%. Year to date,\u00a0the stock is down 28.21%.
\nMeyer Plc\u00a0<\/strong>
\nMeyer Plc gained 9.20% this week. The stock opened at N0.54 and closed at N0.59,\u00a0up\u00a0N0.05.\u00a0Year to date, the stock is flat.
\nTrans\u2013Nationwide Express Plc\u00a0\u00a0<\/strong>
\nTrans\u2013Nationwide Express rounds up the top 10 gainers on the NSE this\u00a0week. The stock appreciated by\u00a08.70%, opening at N0.69 and closing at N0.75, up N0.06. Year to date, the stock is up 15.38%.
\nLosers: Ikeja\u00a0Hotels\u00a0 Plc\u00a0<\/strong>
\nIkeja Hotels\u00a0Plc was the worst performing stock on the NSE this week, declining by 26.11%. The stock opened at N2.26 and closed at N167, down N0.59, Year to date, the stock is up 9.15%.
\nABC Transport Plc\u00a0\u00a0<\/strong>
\nABC Transport Plc opened the week at N0.48 and closed at N0.40, down N0.08 or 16.67%. Year to date, the stock is up 37.93%.
\nMC Nichols Plc\u00a0\u00a0<\/strong>
\nMc Nichols Plc shed 14.71% this week. The stock opened at N0.68 and closed at N0.58, down N0.10. Year to date, the stock is up 23.40%.
\nRoyal Exchange\u00a0Plc\u00a0<\/strong>
\nRoyal Exchange Plc opened the week at N0.29 and closed at N0.25, down N0.03 or 13.79%. Year to date, the stock is up 13.64%.
\nNEM<\/strong>
\nNEM Insurance declined by 13.73% this week. The stock opened at N2.33 and closed at N2.01, down N0.32. Year to date, the stock is down 25.56%.
\nConsolidated Hallmark Insurance\u00a0Plc\u00a0<\/strong>
\nConsolidated Hallmark Insurance opened the week at N0.27 and closed at N0.24, down 11.11%. Year to date, the stock is down 36.84%.
\nCutix<\/strong>
\nCutix\u00a0Plc shed 10.56% this week. The stock opened at N1.80 and closed at N1.61, down N0.19.
\nYear to date, the stock is down 1.83%.
\nPZ Cussons\u00a0Nigeria Plc\u00a0\u00a0<\/strong>
\nFMCG giant,\u00a0PZ Cussons Nigeria,\u00a0fell by 9.69% this week. The stock opened at N9.80 and closed at N8.85, down N0.95. Year to date, the stock is down 26.86%.
\nTripple\u00a0Gee Plc\u00a0\u00a0<\/strong>
\nTripple\u00a0Gee\u00a0 opened at N0.77 and closed at N0.70, down N0.07.\u00a0Year to date,\u00a0the stock is down 9.09%, and is trading at a year low.
\nEcobank Trans International<\/strong>
\nEcobank Trans International rounds up the top ten losers for the week. The stock declined by 7.7%, opening at N11.6 and closing at N10.7.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Onome Ohwovoriole\u00a0(www.nairametrcs.com) The Nigerian Stock Exchange continued its decline in the month of April. The All Share Index opened at 29,616,38 basis points, and closed at 29,560.47 basis points, down 0.19%. Year to date, the index is down 5.95%. 35 equities appreciated in price during the week, higher than 14 in the previous week. […]<\/p>\n","protected":false},"author":7,"featured_media":16895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16894","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/16894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16894"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/16894\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}