The 5 best and worst performing stocks on the Nigerian Stock Exchange after presidential election

During the week, Cornerstone Insurance Plc led the gainers' table, gaining 19.05% while Transnational Corporation of Nigeria Plc (Transcorp) led the laggards by 14.48%.

The Nigerian stock exchange.
  • The NSE All-Share Index and market capitalisation depreciated by 2.12% to close the week at 31,827.24 and N11.869 trillion respectively.
  • Al market stocks finished lower with the exception of the Insurance and Industrial Goods indices.
  • The bearish run was caused by investors' disappointment to the outcome of the presidential election.

The Nigerian equity market closed negative last week following three trading sessions of profit taking and investors' disappointment to the outcome of the presidential election.

The bearish run was investors' sentiment to President Muhammadu Buhari’s re-election when the Independent National Electoral Commission (INEC) announced the results on Wednesday.

The NSE All-Share Index and market capitalisation depreciated by 2.12% to close the week at 31,827.24 and N11.869 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Insurance and NSE Industrial Goods indices which rose by 3.01% and 0.93% respectively while the NSE ASeM (Alternative Securities Market) index closed flat.

Business Insider Sub-Saharan Africa by Pulse's analysis of the stock market shows that Cornerstone Insurance Plc led the gainers' table, gaining 19.05% at the end of the week while Transnational Corporation of Nigeria Plc (Transcorp) led the laggards by 14.48%.

During the trading period, twenty-six (26) equities appreciated in price, lower than thirty-four (34) in the previous week.

Here's a look at the best and worst stocks for last week:

Best performing stocks for the week

  • CORNERSTONE INSURANCE PLC - 19.05%
  • LIVESTOCK FEEDS PLC 15.52%
  • VERITAS KAPITAL ASSURANCE PLC 14.29%
  • C & I LEASING PLC 9.98%
  • NEIMETH INTERNATIONAL PHARMACEUTICALS PLC 9.84%

Top losers last week

  • TRANSNATIONAL CORPORATION OF NIGERIA PLC - 14.48%
  • NPF MICROFINANCE BANK PLC - 12.73%
  • OANDO PLC -11.54%
  • UNILEVER NIGERIA PLC - 10.00%
  • GOLDLINK INSURANCE PLC - 8.33%

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Top 10 African countries with the highest corporate tax rates

Top 10 African countries with the highest corporate tax rates

Ifuennada's N58M dress and the many lies celebrities tell [Pulse Editor's Opinion]

Ifuennada's N58M dress and the many lies celebrities tell [Pulse Editor's Opinion]

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Majid Michel confesses to stealing Taxi driver's money to pay him

Majid Michel confesses to stealing Taxi driver's money to pay him

6 foods to add to your diet if you want a bigger butt

6 foods to add to your diet if you want a bigger butt

5 Nigerians who have played under new Super Eagles coach Jose Peseiro

5 Nigerians who have played under new Super Eagles coach Jose Peseiro

UPDATED: Many feared killed as explosion rocks Kano

UPDATED: Many feared killed as explosion rocks Kano

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023