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  • Updated: December 10, 2020

NSE Index: Investors Dump MTN Shares Amidst SIM Reg Suspension

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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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The Nigerian Stock Exchange (NSE) market closed with 6,441 deals on Thursday, December 10, 2020, higher than the 3,855 deals it closed with on Wednesday, December 9, 2020. The volume reached 553,94 million units at the close of the market on Thursday, higher than the 283,09 million units it closed with on Wednesday.

The value of trades recorded on Thursday was NGN6,638 billion, higher than the NGN3,420 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 34,577.26 index points, lower than the 35,021.26 All-Share Index of Wednesday.

The stock market also ended with a NGN18,072 trillion equity capitalisation, lower than the NGN18,304 trillion recorded on Wednesday.

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Top Five Gainers

Okomu Oil led the top gainers' chart after its stock price gained NGN8 to close trading at NGN88 per share after opening today's trading with NGN80 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Glaxo Smith was second on the table, as its stock price gained NGN0.1 kobo to close the market with NGN6.7 kobo per share, having started trading today with NGN6.6 kobo per share.

Unilever was the third top gainer as its stock price closed the market rising by 0.38% to move from the opening price of NGN13 per share to NGN13.05 kobo per share.

FTN Cocoa follows, closing the market by 8.11% hike to end trading with NGN0.4 kobo per share from the opening share price of NGN0.37 kobo per share.

Mutual Benefit was last on the top five gainers' table after its share price rose by 9.09% to close trading at NGN0.24 kobo per share, having opened trade at NGN0.22 kobo per share.

Top Five Losers

On the top of the losers' list is Wapco, which had begun trading earlier today at NGN22.5 kobo per share, only to drop in price by NGN-2.25 kobo to close at NGN20.25 kobo per share at the end of trading today.

Guinness was second on the chart after closing at NGN16.05 kobo per share from its opening trade price of NGN17.8 kobo per share; this represents a drop of NGN-1.75 kobo.

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Zenith Bank share price fell by NGN-1.45 kobo as its share price closed trading at NGN22 per share, lower than the NGN23.45 kobo per share it opened with.

Dangote Sugar also recorded a drop in its share price as it declined by NGN-1.3 kobo to close trading at NGN17.6 kobo per share, below the NGN18.9 kobo per share it opened with.

MTN Nigeria completed the top five losers chart after it closed trading with NGN155 per share, declining by NGN-1.2 kobo from the NGN156.2 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were GTBank, which traded a volume of over 87.01 million units worth NGN2.82 billion. Zenith Bank was the second most traded stock today with over 65.04 million units worth over NGN1.45 billion. Transcorp was next on the list, trading 52.47 million units worth NGN46.08 million.

Regalins was the fourth on the most traded stock list, closing the market with over 46.60 million units traded at a cost of over NGN9.78 million, while First Bank completed the top five list with over 43,15 million units traded today, worth NGN280.17 million.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

More From this Author

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