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

NSE Index: Investors Craving For Dangote Cement Rise, Stay Away From C&I Leasing

NSE Index: Investors Craving For Dangote Cement Rise, Stay A

The Nigerian Stock Exchange (NSE) market closed with 4,298 deals on Friday, December 18, 2020, higher than the 3,895 deals it closed with on Thursday, December 17, 2020. The volume reached 426,33 million units at the close of the market on Friday, higher than the 343,63 million units it closed with on Thursday.

The value of trades recorded on Friday was NGN4,362 billion, higher than the NGN4,349 billion of Thursday. Meanwhile, on Friday, the All-Share Index reached 36,804.75 index points, higher than the 36,239.62 All-Share Index of Thursday.

The stock market also ended with a NGN19,236 trillion equity capitalisation on Friday, higher than the NGN18,940 trillion recorded on Thursday.

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Top Five Gainers

Dangote Cement led the top gainers' chart after its stock price gained NGN9.5 kobo to close trading at NGN209.5 kobo per share after opening today's trading with NGN200 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 NGN5 to close the market with NGN160 per share, having started trading today with NGN155 per share.

Ardova was the third top gainer as its stock price closed the market with NGN1.05 gain to move from the opening price of NGN13.25 kobo per share to NGN14.3 kobo per share.

Guinness follows, closing the market with NGN0.4 kobo gain to end trading at NGN19 per share from the opening share price of NGN18.6 kobo per share.

Oando was last on the top five gainers' table after its share price gained NGN0.28 kobo to close trading at NGN3.14 kobo per share, having opened trade at NGN2.86 kobo per share.

Top Five Losers

On the top of the losers' list is C&I Leasing, which had begun trading earlier today at NGN4.78 kobo per share, only to drop in price by NGN-0.47 kobo to close at NGN4.78 kobo per share at the end of trading today.

United Capital was second on the chart after closing at NGN4.65 kobo per share from its opening trade price of NGN4.71 kobo per share; this represents a drop of -1.27%.

May & Baker share price fell by -1.03% as its share price closed trading at NGN3.85 kobo per share, lower than the NGN3.89 kobo per share it opened with.

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Lasaco also recorded a drop in its share price as it declined by -6.25% to close trading at NGN0.3 kobo per share, below the NGN0.32 kobo per share it opened with.

Linkage Assurance completed the top five losers chart after it closed trading with NGN0.45 kobo per share, losing -2.17% from the NGN0.46 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trade in the stock market for today was Niger Insurance, which traded a volume of over 130.24 million units worth NGN26.04 million. GTBank was the second most traded stock today with over 23.42 million units worth over NGN790.82 million. Mansard was next on the list, trading 21.74 million units worth NGN20 million.

First Bank was the fourth on the most traded stock list, closing the market with over 21.33 million units traded at a cost of over NGN150.48 million, while Zenith Bank completed the top five list with over 20.22 million units traded today, worth NGN501.09 million.

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