MTN Nigeria Stock Falls As It Prepares For Q3 Result, Cap Plc Makes Gainers List

Nigerian Stock Exchange Price List: The latest Nigerian stock market today brought news of the exchange closing at 9,180 deals on Wednesday, October 7, 2020, higher than the 8,075 deals it closed with on Tuesday, October 6, 2020, while the volume reached 832.8 million units at the close of the market on Wednesday, higher than the 749.4 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN9,539 billion, higher than the NGN9,495 billion of Tuesday.

Meanwhile, on Wednesday, the All-Share Index reached 28,634.35 index points, lower than the 28,909.37 index points it ended trading with on Tuesday. The stock market also ended with NGN14,966 trillion equity capitalisation on Wednesday, lower than the NGN15,110 trillion of Tuesday.

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Top Five Gainers

Cap Plc led the top gainers' chart after its stock price gained NGN1.6 kobo to close trading at NGN18.7 kobo per share after opening today's trading with NGN17.1 kobo per share, this is according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Nascon was second on the table, as its stock price gained NGN1.05 to close the market with NGN12 per share, having started trading today with NGN10.95 kobo per share.

Berger Paints was the third top gainer as its stock price closed the market with NGN0.6 kobo gain to move from the opening price of NGN6.1 kobo per share to NGN6.7 kobo per share. International Breweries follows, closing the market with a gain of NGN0.6 to end trading with NGN4.65 kobo per share from the opening share price of NGN4.29 kobo per share. Africa Prudential was last on the top five gainers' table after its share price rose from NGN5.5 kobo per share to close trading at NGN5.75 kobo per share, after gaining NGN25.

Top Five Losers

On the top of the losers list is MTN Nigeria, which had begun trading earlier today at NGN142.7 kobo per share, only to drop in price by NGN-2.2 kobo to close at NGN140.5 kobo per share at the end of trading today.

Unilever was second on the chart after closing at NGN13.65 kobo per share from its opening trade price of NGN12.3 kobo per share; this represents a drop of NGN-1.36 kobo. Zenith Bank also recorded a drop in its share price as it declined by NGN-1.25 kobo to close trading at NGN19.55 kobo per share, below the NGN20.8 kobo per share it opened with.

Guinness also recorded a drop in its share price as it declined by NGN-0.9 kobo to close trading at NGN15 per share, below the NGN15.9 kobo per share it opened with. Wapco completed the top five losers chart after it closed trading with NGN16.8 kobo per share, declining by NGN-0.75 kobo from the NGN17.55 kobo per share it opened trading with.

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Top Five Trades

AllNews learnt that the top trades in the stock market for today were First Bank, which traded a volume of over 128.7 million units worth NGN789.80 million. Zenith Bank was the second most traded stock today with over 120.6 million units worth over NGN2.44 billion. UBA was next on the list, trading 83.9 million units worth NGN577.15 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 78.9 million units traded at a cost of over NGN603.28 million, while GTBank completed the top five list with over 76.1 million units traded today, worth NGN2.41 billion.