• Business - Market Data
  • Updated: November 10, 2020

Nestle Falls Into Losers List As MTN Top NSE Stock Gainers

Nestle Falls Into Losers List As MTN Top NSE Stock Gainers

The Nigerian Stock Exchange (NSE) market closed with 7,651 deals on Tuesday, November 10, 2020, higher than the 7,210 deals it closed with on Monday, November 9, 2020. The volume reached 578,77 million units at the close of the market on Tuesday, lower than the 636,01 million units it closed with on Monday.

The value of trades recorded on Tuesday was NGN7,743 billion, lower than the NGN8,244 billion of Monday. Meanwhile, on Tuesday, the All-Share Index reached 32,647.10 index points, higher than the 32,243.05 All-Share Index of Monday.

The stock market also ended with a NGN17,059 trillion equity capitalisation on Tuesday, higher than the NGN16,847 trillion recorded on Monday.

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Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained NGN6.1 kobo to close trading at NGN156.2 kobo per share after opening today's trading with NGN150.1 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Stanbic IBTC was second on the table, as its stock price gained NGN2 to close the market with NGN48 per share, having started trading today with NGN46 per share.

Nascon was the third top gainer as its stock price closed the market with a NGN1.4 kobo gain to move from the opening price of NGN14.05 per share to NGN15.45 kobo per share.

Dangote Sugar follows, closing the market with a gain of NGN1.3 kobo to end trading with NGN19.4 kobo per share from the opening share price of NGN18.1 kobo per share.

Ardova was last on the top five gainers' table after its share price gained NGN0.95 kobo to close trading at NGN14.4 kobo per share, having opened trading at NGN13.45 kobo per share.

Top Five Losers

On the top of the losers' list is Nestle, which had begun trading earlier today at NGN1421.7 kobo per share, only to drop in price by NGN-21.7 kobo to close at NGN1400 per share at the end of trading today.

Wapco was second on the chart after closing at NGN21 per share from its opening trade price of NGN21.45 kobo per share; this represents a drop of NGN-0.45 kobo.

GTBank share price fell by NGN-0.25 kobo as its share price closed trading at NGN35 per share, lower than the NGN35.25 kobo per share it opened with.

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PZ also recorded a drop in its share price as it declined by NGN-0.25 kobo to close trading at NGN4.4 kobo per share, below the NGN4.65 kobo per share it opened with.

United Capital completed the top five losers chart after it closed trading with NGN4.28 kobo per share, declining by NGN-0.14 kobo from the NGN4.28 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Zenith Bank, which traded a volume of over 67.91 million units worth NGN1.62 billion. First Bank was the second most traded stock today with over 64.72 million units worth over NGN464.01 million. Access Bank was next on the list, trading 60.23 million units worth NGN538.72 million.

Fidelity Bank was the fourth on the most traded stock list, closing the market with over 35.48 million units traded at a cost of over NGN99.91 million, while GTBank completed the top five list with over 34.81 million units traded today, worth NGN1.20 billion.

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