• Business - Market Data
  • Updated: October 15, 2020

Nigerian Stock Market Rebounds As Primera Convey Thugs To Attack ENDSARS Protesters

Nigerian Stock Market Rebounds As Primera Convey Thugs To At

The Nigerian Stock Exchange market closed with 4,048 deals on Thursday, October 15, 2020, higher than the 3,896 deals it closed with on Wednesday, October 14, 2020. The volume reached 342,19 million units at the close of the market on Thursday, higher than the 218.42 million units it closed with on Wednesday.

The value of trades recorded on Thursday was NGN5,039 billion, higher than the NGN3,138 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 28,344.04 index points, lower than the 28,344.33 index points it ended trading with on Wednesday.

The stock market also ended with a NGN14,814 trillion equity capitalisation on Thursday, slightly higher than the NGN14,815 trillion of Wednesday.

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The market rebounded as peaceful protesters were dispersed by thugs conveyed by Primaro Transport. The transportation company used its Sterling Bank-funded bus to convey Thugs to Alausa, Lagos State, to attack peaceful protesters demanding the end to Police brutality and the scrapping of the Police unit, the Special Anti-Robbery Squad (SARS), known for harassing and killing Nigerian youths.

Top Five Gainers

Wapco led the top gainers' chart after its stock price gained NGN0.7 kobo to close trading at NGN18.05 per share after opening today's trading with NGN17.35 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Guinness was second on the table, as its stock price gained NGN0.5 kobo to close the market with NGN16 per share, having started trading today with NGN15.5 kobo per share.

Eterna was the third top gainer as its stock price closed the market with NGN0.48 kobo gain to move from the opening price of NGN4.81 kobo per share to NGN5.29 kobo per share. International Breweries follows, closing the market with a gain of NGN0.15 kobo to end trading with NGN4.85 kobo per share from the opening share price of NGN4.7 kobo per share.

Nigerian Breweries was last on the top five gainers' table after its share price rose from NGN49.1 kobo per share to close trading at NGN49.2 kobo per share, after gaining NGN0.1 kobo.

Top Five Losers

On the top of the losers' list is GTBank, which had begun trading earlier today at NGN30 per share, only to drop in price by NGN-0.5 kobo to close at NGN29.5 kobo per share at the end of trading today.

GlaxoSmith was second on the chart after closing at NGN5.6 kobo per share from its opening trade price of NGN5.8 kobo per share; this represents a drop of NGN-0.2 kobo. African Prudential also recorded a drop in its share price as it declined by NGN-0.16 kobo to close trading at NGN5.54 kobo per share, below the NGN5.7 kobo per share it opened with.

Fidson also recorded a drop in its share price as it declined by NGN-0.11 to close trading at NGN3.56 kobo per share, below the NGN3.67 kobo per share it opened with. Access Bank completed the top five losers chart after it closed trading with NGN7.85 kobo per share, declining by NGN-0.1 from the NGN7.75 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 UBA, which traded a volume of over 92.87 million units worth NGN613.55 million. Zenith Bank was the second most traded stock today with over 67.23 million units worth over NGN1.34 billion. GTBank was next on the list, trading 62.19 million units worth NGN1.84 billion.

Transcorp was the fourth on the most traded stock list, closing the market with over 20.83 million units traded at a cost of over NGN13.02 million, while First Bank completed the top five list with over 19.63 million units traded today, worth NGN121.62 million.

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