NSE Index: Investors Dump Bank Stocks As MTN Top Gainers List

The Nigerian Stock Exchange (NSE) market closed with 4,878 deals on Thursday, December 3, 2020, higher than the 4,598 deals it closed with on Wednesday, December 2, 2020. The volume reached 289,39 million units at the close of the market on Thursday, lower than the 368,96 million units it closed with on Wednesday.

The value of trades recorded on Thursday was NGN7,348 billion, higher than the NGN5,490 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 34,968.94 index points, lower than the 35,056.82 All-Share Index of Wednesday.

The stock market also ended with a NGN18,276 trillion equity capitalisation on Thursday, lower than the NGN18,322 trillion recorded on Wednesday.

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Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained NGN1.2 kobo to close trading at NGN156.2 kobo per share after opening today's trading with NGN155 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Ardova was second on the table, as its stock price gained NGN1 to close the market with NGN14 per share, having started trading today with NGN13 per share.

Redstar Express was the third top gainer as its stock price closed the market with a NGN0.13 kobo gain to move from the opening price of NGN3.25 kobo per share to NGN3.38 kobo per share.

Cutix follows, closing the market with a gain of NGN0.1 kobo to end trading with NGN1.9 kobo per share from the opening share price of NGN1.8 kobo per share.

UPL was last on the top five gainers' table after its share price rose 4.26% to close trading at NGN1.47 kobo per share, having opened trade at NGN1.41 kobo per share.

Top Five Losers

On the top of the losers' list is GTBank, which had begun trading earlier today at NGN34.1 kobo per share, only to drop in price by NGN-0.5 kobo to close at NGN33.6 kobo per share at the end of trading today.

Flour Mill was second on the chart after closing at NGN26.5 kobo per share from its opening trade price of NGN27 per share; this represents a drop of NGN-0.5 kobo.

Cadbury share price fell by NGN-0.5 kobo as its share price closed trading at NGN8.7 kobo per share, lower than the NGN9.2 kobo per share it opened with.

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UBA also recorded a drop in its share price as it declined by NGN-0.45 kobo to close trading at NGN8.2 kobo per share, below the NGN8.65 kobo per share it opened with.

Zenith Bank completed the top five losers chart after it closed trading with NGN23.55 kobo per share, declining by NGN-0.45 kobo from the NGN24 per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were UBA, which traded a volume of over 34.45 million units worth NGN283.44 million. Zenith Bank was the second most traded stock today with over 31.20 million units worth over NGN743.57 million. MTN Nigeria was next on the list, trading 27.41 million units worth NGN4.37 billion.

Access Bank was the fourth on the most traded stock list, closing the market with over 22.95 million units traded at a cost of over NGN196.03 billion, while Mutual Benefit completed the top five list with over 22.49 million units traded today, worth NGN5.06 million.