NSE:  C&I emerges best-performing stock

As Neimeth leads losers
C&I leasing a provider of specialized services, finance leases, and other ancillary services in Nigeria has once again emerged the best performing stock on the Nigerian Stock Exchange.

Having beaten 171 stocks in August with a 33 per cent increase in its share price, the company doubled its performance in September by appreciating 63 per cent to close at N1.63 per share.

Trailing C&I’s performance was Newrest ASL Plc and Guinness Nigeria Plc.  They grew 26.06 per cent and 25.84 per cent to close the month in review at N7.16 and N95.01 per share respectively.

On the other hand, Neimeth Pharmaceuticals Plc emerged the worst performing stock on the NSE in September.

The stock, which closed at 68 kobo per share, posted a loss of 21.84 per cent to lead the month’s 50 losers.

The second highest loser for the month was Morison Industries Limited. Morison fell 19.51 per cent and closed at 66 kobo from its September opening share price of 82 kobo.

Nigerian Enamelware Limited emerged the third top loser for the month with a depreciation of 16.65 per cent in its share price. The stock consequently closed the month at N23.23.

Overall, the equities market ended the month of September on a negative note as investors lost N20 billion.

The market capitalisation opened September at N12.237 trillion and fell 0.18 percent or N20 billion to close at N12.217 trillion, as at the last trading day of the month 29th September 2017.
 
 
However, the All- Share Index, ASI,  also dropped 0.18 per cent or 64.64 points to close the month in review at 35, 439.98 points. September trading statistics made available by The Exchange revealed that September ended with 27 gainers, 50 losers and 93 stocks remained at par value.

Afolabi Adesola