Thomas Wyatt Nig. Plc, Unity Bank Plc, Airline Services and Logistics Plc, Trans-Nationwide Express Plc, International Energy Insurance Company Plc, IEI, and UACN were some of the stocks that enjoyed enough investors’ patronage last week to clinch the top ten gainers position on the Nigerian Stock Exchange, NSE.

The rest were Transnational Corporation of Nigeria Plc (Transcorp), Neimeth International Pharmaceuticals Plc, Champion Breweries Plc and United Bank for Africa.

Thomas Wyatts, paper/forest products listed security, gained 33.33 percent or N0.24 to close at N0.96 from N0.72 it started the week at. Thomas Wyatt engages in general printing and related support services. It is, however, presently listed by the NSE as one of the companies performing below its post-listing rules requirements.

There are indications that the company might be financially distressed as the working capital dipped by 25.8 percent for the year ended 31st December, 2012. Breakdown showed that the working capital slumped to N59.97 million from N80.86 million in 2011. All the primary performance indicators dropped with the turnover declining by 10.1 percent to N122.35 million from the previous N136.06 million. Following increase cost, the company recorded loss before tax of 26.54 million and loss after tax of N27.77 million during the period.

Thomas Wyatt has sixty years experience in paper and paper conversion business and the delivery of high quality printing and stationeries supplies in Nigeria.

Unity Bank’s shares went up by 32 percent or N0.16 percent from N0.50 to N0.66 per share. There are reports that foreign investors and domestic venture capitalists may be eyeing the bank few weeks after the Managing Director, Alhaji Ado Yakubu Wanka, bowed out of office, while Mr. Rislanudeen Muhammad, stepped in as the acting MD. Unity Bank is making frantic efforts to strengthen its retail banking through introduction of more customer-friendly products. It recorded 130 percent growth in profit after tax to N6.18 billion from N2.69 billion in 2011. Gross earnings  for the same period rose to  N53.76 billion, up from N46.27 billion in 2011.

Airline Services and Logistics Plc engaged in in-flight catering services, recorded 15.22 percent or N0.51 price appreciation to close at N3.86 from N3.35 it started the week at. It as well delivers catering services to tier 1 corporate institutions.

Trans-Nationwide Express gained 15.04 percent or N0.17 to close at N1.30 from N1.13. In a bid to engage in expansion of its business, the company   five years ago at the yearly general meeting revealed plans to increase its share capital from N250 million to N500 million by way of right and public offer. The 2012 audited financial statement showed that the revenue rose to N601.15 million from N536.04 million in 2011, representing 6.8 percent growth.

The gross profit rose by marginal 5.4 percent from N340.74 million to N359.08 million. However, the profit after tax slumped by significant 170.7 percent to N34.39 million after tax expenses amounting to N90.56 million. Basic earning per share also slumped by the same proportion to 17kobo from 24kobo in 2011.

IEI’s shares went up by 14.29 percent or N0.09 from N0.63 to N0.72 per share.

UACN reorded 11.54 percent or N6.29 growth from N54.51 to N60.80 per share.

Transcorp appreciated by 11.11 percent or N0.15 to N1.50 from N1.35; Neimeth advanced by 9.52 percent or N0.10 to close at N1.15 to N1.05.

Champion Breweries shares rose up by 9.26 percent or N1.44 to close at N16.99 from N15.55 per share, while UBA advanced by 9.22 percent or N0.65 to close at N7.70 from N7.05 per share.