NSE Index: Investors Go After Banks' Stocks As Julius Berger Get Dumped

The Nigerian Stock Exchange (NSE) market closed with 3,855 deals on Wednesday, December 9, 2020. The volume reached 283,09 million units at the close of the market on Wednesday.

The value of trades recorded on Wednesday was NGN3,420 billion. Meanwhile, on Wednesday, the All-Share Index reached 35,021.26 index points. The stock market also ended with a NGN18,304 trillion equity capitalisation.

Top Five Gainers

FCMB led the top gainers' chart after its stock price rose by 2.67% to close trading at NGN3.08 per share after opening today's trading with NGN3 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

Stanbic IBTC was second on the table, as its stock price rose by 0.11% to close the market with NGN44.05 per share, having started trading today with NGN44 per share.

READ ALSO: How FG Tried To Outsmart Nigerians With N5 Reduction In Fuel Price

Zenith Bank was the third top gainer as its stock price closed the market with 0.21% rise to move from the opening price of NGN23.4 kobo per share to NGN23.45 kobo per share.

Livestock follows, closing the market by 2.94% hike to end trading with NGN1.4 kobo per share from the opening share price of NGN1.36 kobo per share.

Unity Bank was last on the top five gainers' table after its share price rose by 4.69% to close trading at NGN0.67 kobo per share, having opened trade at NGN0.64 kobo per share.

Top Five Losers

On the top of the losers' list is Ardova, which had begun trading earlier today at NGN14.45 kobo per share, only to drop in price by NGN-1.25 kobo to close at NGN13.2 kobo per share at the end of trading today.

Fidson was second on the chart after closing at NGN4.5 kobo per share from its opening trade price of NGN4.88 kobo per share; this represents a drop of NGN-0.38 kobo.

NEIMETH share price fell by NGN-0.13 kobo as its share price closed trading at NGN2.4 kobo per share, lower than the NGN2.53 kobo per share it opened with.

READ ALSO: Land Border Closure: Breakdown Of How Buhari's Decision Backfired On Nigerians More Than Neighbouring Countries

Julius Berger also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN18.4 kobo per share, below the NGN18.5 kobo per share it opened with.

Champion Brew completed the top five losers chart after it closed trading with NGN0.9 kobo per share, declining by -8.16% from the NGN0.98 per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were First Bank, which traded a volume of over 40.78 million units worth NGN285.72 million. GTBank was the second most traded stock today with over 32.65 million units worth over NGN1.08 billion. AIICO was next on the list, trading 30.09 million units worth NGN33.13 million.

Zenith Bank was the fourth on the most traded stock list, closing the market with over 29.71 million units traded at a cost of over NGN698.08 million, while Mutual Benefit completed the top five list with over 23.09 million units traded today, worth NGN5.08 million.