• Business - Market Data
  • Updated: November 16, 2020

NSE Index: Zenith Bank Remain On Losers List, As BUA Cement Top Gainers

NSE Index: Zenith Bank Remain On Losers List, As BUA Cement

The Nigerian Stock Exchange (NSE) market closed with 10,319 deals on Monday, November 16, 2020, lower than the 13,433 deals it closed with on Friday, November 13, 2020. The volume reached 668.53 million units at the close of the market on Monday, lower than the 1,243 billion units it closed with on Friday.

The value of trades recorded on Monday was NGN7,849 billion, lower than the NGN16,286 billion of Friday. Meanwhile, on Monday, the All-Share Index reached 34,774.08 index points, lower than the 35,037.46 All-Share Index of Friday.

The stock market also ended with a NGN18,170 trillion equity capitalisation on Monday, lower than the NGN18,308 trillion recorded on Thursday.

Top Five Gainers

Airtel Africa led the top gainers' chart after its stock price gained NGN10.1 kobo to close trading at NGN500 per share after opening today's trading with NGN489.9 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.

READ ALSO: Bismarck Rewane Explains Why Petrol Price Rose Despite Crude Oil Decline

BUA Cement was second on the table, as its stock price gained NGN4 to close the market with NGN56 per share, having started trading today with NGN52 per share.

Ardova was the third top gainer as its stock price closed the market with a NGN1.2 kobo gain to move from the opening price of NGN14.8 kobo per share to NGN16 per share.

BOCGAS follows, closing the market with a gain of NGN0.48 kobo to end trading with NGN5.32 kobo per share from the opening share price of NGN4.84 kobo per share.

Neimeth was last on the top five gainers' table after its share price gained NGN0.24 kobo to close trading at NGN2.91 kobo per share, having opened trading at NGN2.67 kobo per share.

Top Five Losers

On the top of the losers' list is Nigerian Breweries, which had begun trading earlier today at NGN63.1 kobo per share, only to drop in price by NGN-5.1 kobo to close at NGN58 per share at the end of trading today.

Dangote Sugar was second on the chart after closing at NGN20 per share from its opening trade price of NGN22.2 kobo per share; this represents a drop of NGN-2.2 kobo.

Wapco share price fell by NGN-2.1 kobo as its share price closed trading at NGN22 per share, lower than the NGN24.1 kobo per share it opened with.

READ ALSO: Yam, Bread, Other Prices Rise As Nigeria's Inflation Hit 14.23 Percent In October

Flour Mill also recorded a drop in its share price as it declined by NGN-1.9 kobo to close trading at NGN28.05 per share, below the NGN29.95 kobo per share it opened with.

Zenith Bank completed the top five losers chart after it closed trading with NGN26 per share, declining by NGN-1.15 kobo from the NGN27.15 kobo 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 94.03 million units worth NGN2.50 billion. Transcorp was the second most traded stock today with over 75.48 million units worth over NGN82.99 million. First Bank was next on the list, trading 65.22 million units worth NGN499.29 million.

UBA was the fourth on the most traded stock list, closing the market with over 60.10 million units traded at a cost of over NGN524.52 million, while Access Bank completed the top five list with over 50.29 million units traded today, worth NGN449.47 million.

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