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  • Business - Market Data
  • Updated: November 11, 2020

First Bank Lead NSE Top Trade, As Nigerian Breweries Head Gainers

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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The Nigerian Stock Exchange (NSE) market closed with 8,142 deals on Wednesday, November 11, 2020, higher than the 7,651 deals it closed with on Tuesday, November 10, 2020. The volume reached 858,15 million units at the close of the market on Wednesday, higher than the 578,77 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN9,062 billion, higher than the NGN7,743 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 33,268.36 index points, higher than the 32,647.10 All-Share Index of Tuesday.

The stock market also ended with a NGN17,383 trillion equity capitalisation on Wednesday, higher than the NGN17,059 trillion recorded on Tuesday.

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Top Five Gainers

Nigerian Breweries led the top gainers' chart after its stock price gained NGN5 to close trading at NGN57.5 kobo per share after opening today's trading with NGN52.5 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Presco was second on the table, as its stock price gained NGN4 to close the market with NGN72.5 kobo per share, having started trading today with NGN68.5 kobo per share.

MTN Nigeria was the third top gainer as its stock price closed the market with a NGN3.8 kobo gain to move from the opening price of NGN156.2 kobo per share to NGN160 per share.

Guinness follows, closing the market with a gain of NGN1.9 kobo to end trading with NGN20.9 kobo per share from the opening share price of NGN19 per share.

Nascon was last on the top five gainers' table after its share price gained NGN1.5 kobo to close trading at NGN16.95 kobo per share, having opened trading at NGN15.45 kobo per share.

Top Five Losers

On the top of the losers' list is Stanbic IBTC, which had begun trading earlier today at NGN48 per share, only to drop in price by NGN-2 to close at NGN46 per share at the end of trading today.

C&I Leasing was second on the chart after closing at NGN4.1 kobo per share from its opening trade price of NGN4.3 kobo per share; this represents a drop of NGN-0.2 kobo.

Red Star Express share price fell by NGN-0.13 kobo as its share price closed trading at NGN3.4 kobo per share, lower than the NGN3.53 kobo per share it opened with.

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Learn Africa also recorded a drop in its share price as it declined by -4.76% to close trading at NGN1 per share, below the NGN1.05 kobo per share it opened with.

Linkage Assurance completed the top five losers chart after it closed trading with NGN0.47 kobo per share, declining by -4.08% from the NGN0.49 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were First Bank, which traded a volume of over 145.05 million units worth NGN1.07 billion. Transcorp was the second most traded stock today with over 126.26 million units worth over NGN141.21 million. Zenith Bank was next on the list, trading 60.81 million units worth NGN1.52 billion.

UBA was the fourth on the most traded stock list, closing the market with over 52.86 million units traded at a cost of over NGN469.67 million, while Access Bank completed the top five list with over 44.04 million units traded today, worth NGN400.98 million.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

More From this Author

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