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  • Business - Market Data
  • Updated: December 23, 2020

NSE Index: Access Bank, Flour Mills Boost Stock Market With Billions In Trade Value

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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 4,316 deals on Wednesday, December 23, 2020, lower than the 4,948 deals it closed with on Tuesday, December 22, 2020. The volume reached 1,497 billion units at the close of the market on Wednesday, higher than the 442,22 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN18,748 billion, higher than the NGN10,287 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 38,803.74 index points, higher than the 37,893.61 All-Share Index of Tuesday.

The stock market also ended with a NGN20,281 trillion equity capitalisation on Wednesday, higher than the NGN19,805 trillion recorded on Tuesday.

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Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN77.4 kobo to close trading at NGN851.8 kobo per share after opening today's trading with NGN774.4 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

BUA Cement was second on the table, as its stock price gained NGN5 to close the market with NGN60 per share, having started trading today with NGN55 per share.

Nigerian Breweries was the third top gainer as its stock price closed the market with NGN1 gain to move from the opening price of NGN55 per share to NGN56 per share.

BOC Gas follows, closing the market with NGN0.78 kobo gain to end trading at NGN8.7 kobo per share from the opening share price of NGN7.92 kobo per share.

Vitafoam was last on the top five gainers' table after its share price gained NGN0.5 kobo to close trading at NGN7.5 kobo per share, having opened trade at NGN7 per share.

Top Five Losers

On the top of the losers' list is PZ Cussons, which had begun trading earlier today at NGN5.5 kobo per share, only to drop in price by NGN-0.2 kobo to close at NGN5.3 kobo per share at the end of trading today.

FCMB was second on the chart after closing at NGN2.9 kobo per share from its opening trade price of NGN3.02 per share; this represents a drop of NGN-0.12 kobo.

Mansard share price fell by -3.00% as its share price closed trading at NGN0.97 kobo per share, lower than the NGN1 per share it opened with.

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May & Baker also recorded a drop in its share price as it declined by -0.79% to close trading at NGN3.75 kobo per share, below the NGN3.78 kobo per share it opened with.

African Prudential completed the top five losers chart after it closed trading with NGN6.12 kobo per share, losing -0.49% from the NGN6.15 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trade in the stock market for today was Access Bank, which traded a volume of over 1.03 billion units worth NGN8.39 billion. Veritas was the second most traded stock today with over 121.16 million units worth over NGN24.23 million. Flour Mill was next on the list, trading 51.18 million units worth NGN1.36 billion.

BUA Cement was the fourth on the most traded stock list, closing the market with over 50.65 million units traded at a cost of over NGN2.78 billion, while Zenith Bank completed the top five list with over 43.18 million units traded today, worth NGN1.05 billion.

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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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