Business - Market Data
Updated: November 23, 2020

NSE Index: Airtel Top Gainers List As Guinness Make Losers List

By Olalekan Fakoyejo
November 23, 2020
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The Nigerian Stock Exchange (NSE) market closed with 8,928 deals on Monday, November 23, 2020, higher than the 6,565 deals it closed with on Friday, November 20, 2020. The volume reached 568,03 million units at the close of the market on Monday, higher than the 344,90 million units it closed with on Firday.

The value of trades recorded on Monday was NGN7,326 billion, lower than the NGN4,222 billion of Friday. Meanwhile, on Monday, the All-Share Index reached 34,121.78 index points, lower than the 34,136.82 All-Share Index of Friday.

The stock market also ended with a NGN17,829 trillion equity capitalisation on Monday, lower than the NGN17,837 trillion recorded on Friday.

Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN25 to close trading at NGN525 per share after opening today's trading with NGN500 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Nestle was second on the table, as its stock price gained NGN25 to close the market with NGN1400 per share, having started trading today with NGN1375 per share.

Dangote Cement was the third top gainer as its stock price closed the market with a NGN6.6 kobo gain to move from the opening price of NGN193.2 kobo per share to NGN199.8 kobo per share.

BUA Cement follows, closing the market with a gain of NGN2.55 kobo to end trading with NGN56 per share from the opening share price of NGN53.45 kobo per share.

NEM was last on the top five gainers' table after its share price gained 0.78% to close trading at NGN2.6 kobo per share, having opened trading at NGN2.58 kobo per share.

Top Five Losers

On the top of the losers' list is Stanbic IBTC, which had begun trading earlier today at NGN43 per share, only to drop in price by NGN-3.45 kobo to close at NGN39.55 kobo per share at the end of trading today.

WAPCO was second on the chart after closing at NGN22.05 per share from its opening trade price of NGN24.5 kobo per share; this represents a drop of NGN-2.45 kobo.

Flour Mill share price fell by NGN-2.35 kobo as its share price closed trading at NGN25.4 kobo per share, lower than the NGN27.75 kobo per share it opened with.

Guinness also recorded a drop in its share price as it declined by NGN-1.9 kobo to close trading at NGN18 per share, below the NGN19.9 kobo per share it opened with.

Ardova completed the top five losers chart after it closed trading with NGN13.5 kobo per share, declining by NGN-1.5 kobo from the NGN15 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 79.74 million units worth NGN1.91 billion. First Bank was the second most traded stock today with over 72.74 million units worth over NGN499.57 million. Access Bank was next on the list, trading 65.74 million units worth NGN520.34 million.

UBA was the fourth on the most traded stock list, closing the market with over 46.96 million units traded at a cost of over NGN360.03 million, while GTBank completed the top five list with over 37.09 million units traded today, worth NGN1.26 billion.