NSE Index: Stanbic IBTC Lead Banks To Dominate Stock Market

The Nigerian Stock Exchange (NSE) market closed with 6,325 deals on Tuesday, November 24, 2020, lower than the 8,928 deals it closed with on Monday, November 20, 2020. The volume reached 365,41 million units at the close of the market on Tuesday, lower than the 568,03 million units it closed with on Monday.

The value of trades recorded on Tuesday was NGN4,691 billion, lower than the NGN7,326 billion of Monday. Meanwhile, on Tuesday, the All-Share Index reached 34,340.56 index points, higher than the 34,121.78 All-Share Index of Monday.

The stock market also ended with a NGN17,943 trillion equity capitalisation on Tuesday, higher than the NGN17,829 trillion recorded on Monday.

Top Five Gainers

Stanbic IBTC led the top gainers' chart after its stock price gained NGN2.8 kobo to close trading at NGN42.35 per share after opening today's trading with NGN39.55 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

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UBA was second on the table, as its stock price gained NGN0.5 kobo to close the market with NGN8.2 kobo per share, having started trading today with NGN7.7 kobo per share.

First Bank was the third top gainer as its stock price closed the market with a NGN0.45 kobo gain to move from the opening price of NGN6.7 kobo per share to NGN7.15 kobo per share.

Access Bank follows, closing the market with a gain of NGN0.45 kobo to end trading with NGN8.35 kobo per share from the opening share price of NGN7.9 kobo per share.

United Capital was last on the top five gainers' table after its share price gained NGN0.4 kobo to close trading at NGN4.6 kobo per share, having opened trade at NGN4.2 kobo per share.

Top Five Losers

On the top of the losers' list is Julius Berger, which had begun trading earlier today at NGN19 per share, only to drop in price by NGN-1.7 kobo to close at NGN17.3 kobo per share at the end of trading today.

Fidson was second on the chart after closing at NGN4.87 kobo per share from its opening trade price of NGN5.4 kobo per share; this represents a drop of NGN-0.53 kobo.

Guinness share price fell by NGN-0.5 kobo as its share price closed trading at NGN17.5 kobo per share, lower than the NGN18 per share it opened with.

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Eterna also recorded a drop in its share price as it declined by NGN-0.46 kobo to close trading at NGN4.15 kobo per share, below the NGN4.61 kobo per share it opened with.

UAC Nigeria completed the top five losers chart after it closed trading with NGN7.65 kobo per share, declining by NGN-0.3 kobo from the NGN7.95 per share it opened trading with.

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Zenith Bank, which traded a volume of over 71.93 million units worth NGN1.73 billion. Transcorp was the second most traded stock today with over 37.17 million units worth over NGN32.85 million. GTBank was next on the list, trading 30 million units worth NGN1.02 billion.

Access Bank was the fourth on the most traded stock list, closing the market with over 29.54 million units traded at a cost of over NGN243.31 million, while UBA completed the top five list with over 29.33 million units traded today, worth NGN236.30 million.