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  • Business - Market Data
  • Updated: December 02, 2020

NSE Index: Investors Dump Nigerian Breweries Stocks As Stanbic IBTC Top Gainers

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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 4,598 deals on Wednesday, December 2, 2020, higher than the 4,515 deals it closed with on Tuesday, December 1, 2020. The volume reached 368,96 million units at the close of the market on Wednesday, higher than the 308,18 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN5,490 billion, higher than the NGN3,402 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 35,056.82 index points, lower than the 35,147.62 All-Share Index of Tuesday.

The stock market also ended with a NGN18,322 trillion equity capitalisation on Wednesday, lower than the NGN18,364 trillion recorded on Tuesday.

READ ALSO: How Access Bank Increased Board Funding After Sacking Workers Against CBN Directive

Top Five Gainers

Stanbic IBTC led the top gainers' chart after its stock price gained NGN1.65 kobo to close trading at NGN44 per share after opening today's trading with NGN42.35 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

UBA was second on the table, as its stock price gained NGN0.45 kobo to close the market with NGN8.65 kobo per share, having started trading today with NGN8.2 kobo per share.

Cutix was the third top gainer as its stock price closed the market with a NGN0.12 kobo gain to move from the opening price of NGN1.68 kobo per share to NGN1.8 kobo per share.

May & Baker follows, closing the market with a gain of NGN0.1 kobo to end trading with NGN3.5 kobo per share from the opening share price of NGN3.4 kobo per share.

AIICO was last on the top five gainers' table after its share price gained NGN0.1 kobo to close trading at NGN1.11 kobo per share, having opened trade at NGN1.01 kobo per share.

Top Five Losers

On the top of the losers' list is Nigerian Breweries, which had begun trading earlier today at NGN60.25 kobo per share, only to drop in price by NGN-4.25 kobo to close at NGN56 per share at the end of trading today.

Cap was second on the chart after closing at NGN20 per share from its opening trade price of NGN21.5 kobo per share; this represents a drop of NGN-1.5 kobo.

GTBank share price fell by NGN-0.9 kobo as its share price closed trading at NGN34.1 kobo per share, lower than the NGN35 per share it opened with.

NNFM also recorded a drop in its share price as it declined by NGN-0.67 kobo to close trading at NGN6.26 kobo per share, below the NGN6.93 kobo per share it opened with.

READ ALSO: Tantalizers Losing Franchise Income, As Operation Record N189.2 million Loss In Nine Months

Flour Mills completed the top five losers chart after it closed trading with NGN27 per share, declining by NGN-0.6 kobo from the NGN27.6 kobo per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Access Bank, which traded a volume of over 46.33 million units worth NGN403.13 million. First Bank was the second most traded stock today with over 44.43 million units worth over NGN325.48 million. Zenith Bank was next on the list, trading 44.01 million units worth NGN1.06 billion.

GTBank was the fourth on the most traded stock list, closing the market with over 39 million units traded at a cost of over NGN1.32 billion, while Dangote Sugar completed the top five list with over 31.44 million units traded today, worth NGN619.07 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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