The Nigerian stock market traded 3,833 deals today, while the volume declined to 192.0 million units, dropping from 232.6 million units it recorded on Wednesday, thereby, recording a drop in the value of trades, which closed at N2.4 billion on Thursday, July 9, 2020. The Nigerian bourse had closed yesterday with a value of N2.60 billion. The All Share Index also rose from yesterday's 24,278.07.index points to 24,276.56.
GTBank led the top gainers' chart after its stock price gained N0.25 kobo to close trading at N22.75 kobo per share after opening today's trading with N22.5 kobo per share, this is according to NSE market data seen by AllNews. PZ was second on the table, as its stock price gained N0.15 kobo to close the market with N4.35 kobo per share, having started trading today with N4.2 kobo per share.
Ecobank was the third top gainer as its stock price closed the market with N0.15 kobo gain to move from the opening price of N4.6 per share to N4.75 kobo per share. Zenith Bank came next, closing the market with a gain of N0.1 kobo to end trading with N16.75 kobo per share from the open share price of N16.65 kobo per share. Law Union was last on the top five gainers table after its share price rose from N1 per share to close trading at N1.07 kobo; representing a change of 7.00%.
The top on the losers list was Conoil, which had begun trading earlier today at N21 per share, only to drop in price by -10.00% to close at N18.8 kobo per share at the end of trading today. Vitaform was second on the chart losing -9.30% in share price to close at N5.07 kobo per share after opening trading at N5.59 kobo per share. International Brewery closed the stock market at N3.6 kobo per share after shielding off N-0.35 kobo to drop from the opening price of N3.95 kobo per share.
Arbico Plc also recorded a drop in its share price as it declined by -9.52% to close trading at N1.71 kobo per share, below the N1.89 kobo per share it opened with. Dangote Sugar completed the top five losers after it closed trading with N11.5 kobo per share, declining by -0.86% from the N11.6 kobo per share it opened trading with.
Nigerian banks showed up to the market as they dominated the top five trade list. AllNews learnt that the top trades in the stock market for today were Fidelity Bank, which maintained its spot from yesterday, trading volume of over 38 million units worth N68.5 million. GTBank was the second most traded stock today with over 23.5 million units worth N534.4 million. Zenith Bank was next on the list, trading over 23 million units worth N385.4 million.
Access Bank was the fourth on the most traded stock list, closing the market with over 11.4 million units traded at cost of over N73.8 million, while UBA completed the list with over 10.6 million trade volumes said to be worth N68.1 million.