• Business - Market Data
  • Updated: November 09, 2020

NSE Index: Dangote Cement Continues Winning Streak As Conoil Stocks Disappoint

NSE Index: Dangote Cement Continues Winning Streak As Conoil

The Nigerian Stock Exchange (NSE) market closed with 7,210 deals on Monday, November 9, 2020, higher than the 6,354 deals it closed with on Friday, November 5, 2020. The volume reached 636,01 million units at the close of the market on Monday, lower than the 637,49 million units it closed with on Friday.

The value of trades recorded on Monday was NGN8,244 billion, higher than the NGN5,229 billion of Friday. Meanwhile, on Monday, the All-Share Index reached 32,243.05 index points, higher than the 31,016.17 All-Share Index of Friday.

The stock market also ended with a NGN16,847 trillion equity capitalisation on Monday, higher than the NGN16,206 trillion recorded on Friday.

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Top Five Gainers

Dangote Cement led the top gainers' chart after its stock price gained NGN10.5 kobo to close trading at NGN185 per share after opening today's trading with NGN174.5 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

MTN Nigeria was second on the table, as its stock price gained NGN6.1 kobo to close the market with NGN150.1 kobo per share, having started trading today with NGN144 per share.

Wapco was the third top gainer as its stock price closed the market with a NGN1.95 kobo gain to move from the opening price of NGN19.5 kobo per share to NGN21.45 kobo per share.

BUA Cement follows, closing the market with a gain of NGN1.9 kobo to end trading with NGN44.9 kobo per share from the opening share price of NGN43 per share.

GTBank was last on the top five gainers' table after its share price gained NGN1.75 kobo to close trading at NGN35.25 kobo per share, having opened trading at NGN33.5 kobo per share.

Top Five Losers

On the top of the losers' list is Conoil, which had begun trading earlier today at NGN19.05 kobo per share, only to drop in price by NGN-1.2 kobo to close at NGN17.85 kobo per share at the end of trading today.

NCR was second on the chart after closing at NGN1.8 kobo per share from its opening trade price of NGN2 per share; this represents a drop of NGN-0.2 kobo.

PZ share price fell by NGN-0.15 kobo as its share price closed trading at NGN4.65 kobo per share, lower than the NGN4.8 kobo per share it opened with.

Learn Africa also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN1.05 kobo per share, below the NGN1.15 kobo per share it opened with.

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African Prudential completed the top five losers chart after it closed trading with NGN6.11 kobo per share, declining by -1.45% from the NGN6.2 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 70.22 million units worth NGN1.66 billion. First Bank was the second most traded stock today with over 67.65 million units worth over NGN474.56 million. Access Bank was next on the list, trading 58.02 million units worth NGN500.23 million.

UBA was the fourth on the most traded stock list, closing the market with over 48.53 million units traded at a cost of over NGN410.40 million, while Fidelity Bank completed the top five list with over 35.19 million units traded today, worth NGN97.47 million.

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