• Business - Market Data
  • Updated: November 18, 2020

NSE Index: Dangote Cement Top Gainers As Stanbic IBTC Top Losers

The Nigerian Stock Exchange (NSE) market closed with 7,324 deals on Wednesday, November 18, 2020, lower than the 8,712 deals it closed with on Tuesday, November 17, 2020. The volume reached 661,13 million units at the close of the market on Wednesday, lower than the 9,360 billion units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN8,298 billion, lower than the NGN12,021 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 34,818.01 index points, lower than the 34,242.83 All-Share Index of Tuesday.

The stock market also ended with a NGN18,193 trillion equity capitalisation on Wednesday, higher than the NGN17,892 trillion recorded on Tuesday.

Top Five Gainers

Dangote Cement led the top gainers' chart after its stock price gained NGN7.9 kobo to close trading at NGN195 per share after opening today's trading with NGN187.1 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Nigerian Breweries was second on the table, as its stock price gained NGN4 to close the market with NGN58 per share, having started trading today with NGN54 per share.

Wapco was the third top gainer as its stock price closed the market with a NGN2.1 kobo gain to move from the opening price of NGN22 per share to NGN24.1 kobo per share.

Dangote Sugar follows, closing the market with a gain of NGN1.25 kobo to end trading with NGN22.25 kobo per share from the opening share price of NGN21 per share.

Zenith Bank was last on the top five gainers' table after its share price gained NGN0.8 kobo to close trading at NGN26.7 kobo per share, having opened trading at NGN25.9 kobo per share.

Top Five Losers

On the top of the losers' list is Stanbic IBTC, which had begun trading earlier today at NGN46 per share, only to drop in price by NGN-1.15 kobo to close at NGN44.85 kobo per share at the end of trading today.

Ardova was second on the chart after closing at NGN15 per share from its opening trade price of NGN16 per share; this represents a drop of NGN-1.

Unity Bank share price fell by -6.98% as its share price closed trading at NGN0.8 kobo per share, lower than the NGN0.86 kobo per share it opened with.

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Cornerstone also recorded a drop in its share price as it declined by -8.62% to close trading at NGN0.53 kobo per share, below the NGN0.58 kobo per share it opened with.

Transcorp completed the top five losers chart after it closed trading with NGN1.05 per share, declining by -4.55% kobo from the NGN1.1 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Transcorp, which traded a volume of over 160.58 billion units worth NGN172.16 million. GTBank was the second most traded stock today with over 70.68 million units worth over NGN2.62 billion. Zenith Bank was next on the list, trading 57.30 million units worth NGN1.53 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 55.17 million units traded at a cost of over NGN491.87 million, while First Bank completed the top five list with over 37.62 million units traded today, worth NGN295.92 million.

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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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