MTN Records High Profit, As Zenith Bank Trades Low

The Nigerian Stock Exchange (NSE) market closed with 5,117.00 deals on Friday, January 29, 2021, lower than the 6386.00 deals on Thursday, January 28. The volume reached 669,876,332.00 units at the close of the market on Thursday higher than the 555,321,328.00 units it closed with on Thursday.

The value of trades recorded on Friday was NGN6,591,818,638.10, with the All-Share Index of 42,412.66 an increase of 0.58% (481.83) over Thursday’s value of 41,930.73.

The stock market also ended with an N22.186, trillion equity capitalisation on Friday higher than the N22,059 trillion equity recorded on Thursday.

Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained N6 to close trading at N181 per share after opening the days trading with N175 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Ardova was second on the table, as its stock price gained NGN1.5 kobo to close the market with N19.0 per share, having started trading today with N17.5 kobo per share.

Vita Foam was the third top gainer, as its stock price closed the market with N0.6 gain to move from the opening price of N9.4 per share to NGN10.05 kobo per share.

Gtbank retains its fourth spot, closing the market with N0.50 kobo gain to end trading at NGN34.50 kobo per share from the opening share price of NGN34.0 kobo per share.

Dangote Sugar was last on the top five gainers' table after its share price gained NGN0.40 kobo to close trading at N21.25 kobo per share, having opened trade at N20.85 per share.

Top Five Losers

On the top of the losers' list is Stanbic IBTC, which had begun trading at NGN46.6 kobo per share, only to drop in price by NGN-1.6 kobo to close at NGN45 per share at the end of trading.

CAP was second on the chart after closing at NGN20.0 kobo per share from its opening trade price of NGN20.5 kobo per share; this represents a drop of NGN-0.5 kobo.

WAPCo’s share price fell by NGN-0.30 kobo as its share price closed trading at NGN19.0 kobo per share, lower than the NGN19.20 kobo per share it opened with.

READ ALSO: How UBA 'Destroyed' Man's Future By ‘Eating’ His Humongous Money 

Guinness also recorded a drop in its share price as it declined by NGN-0.2 kobo to close trading at NGN19.0 kobo per share, below the NGN19.20 kobo per share it opened with.

Trans Express completed the top five losers chart after it closed trading with NGN0.99 kobo per share, losing NGN-0.11 kobo from the NGN1.1 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trade in the stock market for Friday was UBN, which traded a volume of over 76.15 Million units worth over N441.90 million. Transcorp was the second most traded stock today with over 72.679 million units worth NGN75.47 million. Japaul Gold retains its third position on the list, trading over 58.597 million units worth NGN55.45 million.

FBN Holdings was the fourth on the most traded stock list, closing the market with over 58.32 million units traded at over NGN442.72 million. Zenith Bank completes the top five list with over 44.96 million units traded at over NGN1.2 Billion.