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  • Business - Market Data
  • Updated: Dec 17, 2020

NSE Index: Investors Dump First Bank, Chase After Flour Mill, UBA

NSE Index: Investors Dump First Bank, Chase After Flour Mill

The Nigerian Stock Exchange (NSE) market closed with 3,895 deals on Thursday, December 17, 2020, lower than the 3,952 deals it closed with on Wednesday, December 16, 2020. The volume reached 343,63 million units at the close of the market on Thursday, lower than the 650,54 million units it closed with on Wednesday.

The value of trades recorded on Thursday was NGN4,349 billion, higher than the NGN2,287 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 36,239.62 index points, higher than the 35,493.15 All-Share Index of Wednesday.

The stock market also ended with a NGN18,940 trillion equity capitalisation on Thursday, higher than the NGN18,550 trillion recorded on Wednesday.

Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN70.4 kobo to close trading at NGN774.4 kobo per share after opening today's trading with NGN704 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

READ ALSO: CBN Threatens To Revoke License, As Operators Defy Remittance Directive

Dangote Cement was second on the table, as its stock price gained NGN5 to close the market with NGN200 per share, having started trading today with NGN195 per share.

Okomu Oil was the third top gainer as its stock price closed the market with NGN3 gain to move from the opening price of NGN88 per share to NGN91 per share.

Unilever follows, closing the market with NGN1.25 kobo gain to end trading at NGN14.35 kobo per share from the opening share price of NGN13.1 per share.

Ardova was last on the top five gainers' table after its share price gained NGN1.2 kobo to close trading at NGN13.25 kobo per share, having opened trade at NGN12.05 per share.

Top Five Losers

On the top of the losers' list is Flour Mill, which had begun trading earlier today at NGN26.5 kobo per share, only to drop in price by NGN-0.5 kobo to close at NGN26 per share at the end of trading today.

GTBank was second on the chart after closing at NGN33.75 kobo per share from its opening trade price of NGN33.95 kobo per share; this represents a drop of NGN-0.2 kobo.

FCMB share price fell by NGN-0.14 kobo as its share price closed trading at NGN2.86 kobo per share, lower than the NGN3 per share it opened with.

READ ALSO: CBN Issues Alert Against Two London Companies Over Illegal Remittance Operation

PZ Cussons also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN4.9 kobo per share, below the NGN5 per share it opened with.

UPL completed the top five losers chart after it closed trading with NGN1.28 kobo per share, losing NGN0.1 kobo from the NGN1.38 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trade in the stock market for today was First Bank, which traded a volume of over 99.38 million units worth NGN700.44 million. Sky Aviation was the second most traded stock today with over 24 million units worth over NGN64.02 million. UBA was next on the list, trading 22.31 million units worth NGN187.37 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 20.87 million units traded at a cost of over NGN174.16 million, while Zenith Bank completed the top five list with over 15.75 million units traded today, worth NGN388.71 million.

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