• Business - Market Data
  • Updated: November 25, 2020

NSE Index: Investors Dump International Breweries, Union Bank Stocks

The Nigerian Stock Exchange (NSE) market closed with 7,029 deals on Wednesday, November 25, 2020, higher than the 6,325 deals it closed with on Tuesday, November 24, 2020. The volume reached 434,92 million units at the close of the market on Wednesday, higher than the 365,41 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN6,913 billion, higher than the NGN4,691 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 34,769.00 index points, higher than the 34,340.56 All-Share Index of Tuesday.

The stock market also ended with a NGN18,166 trillion equity capitalisation on Wednesday, higher than the NGN17,943 trillion recorded on Tuesday.

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Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN10 to close trading at NGN535 per share after opening today's trading with NGN525 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Dangote Cement was second on the table, as its stock price gained NGN5.2 kobo to close the market with NGN205 per share, having started trading today with NGN199.8 kobo per share.

Flour Mill was the third top gainer as its stock price closed the market with a NGN2.5 kobo gain to move from the opening price of NGN25.4 kobo per share to NGN27.9 kobo per share.

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Julius Berger follows, closing the market with a gain of NGN1.2 kobo to end trading with NGN18.5 kobo per share from the opening share price of NGN17.3 kobo per share.

Dangote Sugar was last on the top five gainers' table after its share price gained NGN1.15 kobo to close trading at NGN20.65 kobo per share, having opened trade at NGN19.5 kobo per share.

Top Five Losers

On the top of the losers' list is CAP, which had begun trading earlier today at NGN22.15 kobo per share, only to drop in price by NGN-0.65 kobo to close at NGN21.5 kobo per share at the end of trading today.

International Breweries was second on the chart after closing at NGN6.55 kobo per share from its opening trade price of NGN6.95 kobo per share; this represents a drop of NGN-0.4 kobo.

Oando share price fell by NGN-0.19 kobo as its share price closed trading at NGN2.71 kobo per share, lower than the NGN2.9 kobo per share it opened with.

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Union Bank also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN5.8 kobo per share, below the NGN5.9 kobo per share it opened with.

Trans-Nationwide Express completed the top five losers chart after it closed trading with NGN0.87 kobo per share, declining by -9.38% from the NGN0.96 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 84.49 million units worth NGN84.27 million. Zenith Bank was the second most traded stock today with over 59.22 million units worth over NGN1.48 billion. Access Bank was next on the list, trading 29.89 million units worth NGN258.45 million.

UBA was the fourth on the most traded stock list, closing the market with over 26.19 million units traded at a cost of over NGN221.09 million, while First Bank completed the top five list with over 25.55 million units traded today, worth NGN189.90 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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