×
  • Business - Market Data
  • Updated: July 20, 2020

Stock Market Today: Access Bank, Zenith Bank Fall Into Losers' List

Stock Market Today: Access Bank, Zenith Bank Fall Into Loser

The Nigerian stock market closed at 3,258 deals today, Monday, July 20, 2020, lower than the 3,648  deals it recorded on Friday, July 17, 2020, while the volume increased to 305.1 million today, surpassing the 208.2 million units of Friday, while the value of trades was N2.1 billion today; it was N1.7 billion last week Friday. Meanwhile, the All-Share Index reached 24,269.58 index points today, compared to the 24,130.26 index points the market closed with on Friday.

Top Five Gainers

ARDOVA led the top gainers' chart after its stock price gained N0.9 kobo to close trading at N13.45 kobo per share after opening this week's (today) trading with N12.55 kobo per share, this is according to NSE market data seen by AllNews. Glaxo Smith was second on the table, as its stock price gained N0.45 to close the market with N5.2 kobo per share, having started trading today with N4.75 kobo per share.

[READ ALSO: BOI Reduces Interest Rates For CBN SME Loan, Suspend Payment Of Loan]

Fidson was the third top gainer as its stock price also closed the market with N0.25 kobo gain to move from the opening price of N2.65 kobo per share to N2.9 kobo per share. Unity Bank came next, closing the market with a gain of 8.89% to end trading with N0.49 kobo per share from the open share price of N0.45 kobo per share. Fidelity Bank was last on the top five gainers table after its share price rose from N1.76 kobo per share to close trading at N1.79 kobo per share; representing a change of 1.70%.

Top Five Losers

The top on the losers list was Cutix, which had begun trading earlier today at N1.82 kobo per share, only to drop in price by N-0.15 kobo to close at N1.64 kobo per share at the end of trading today. Neimeth was second on the chart losing -10.00% in share price to close at N1.35 kobo per share after opening trade at N1.5 kobo per share. Zenith Bank closed the stock market at N15.65 kobo per share after shielding off  -0.63% to drop from the opening price of N15.75 kobo per share.

Ecobank (ETI) also recorded a drop in its share price as it declined by N-0.1 kobo per share to close trading at N4.25 kobo per share, below the N4.35 kobo per share it opened with. Access Bank completed the top five losers chart after it closed trading with N6.1 kobo per share, declining by -1.61% from the N6.2 kobo per share it opened trading with.

[READ ALSO: Gokada To Announce Changes, React To Founder, Fahim Saleh's Assassination]

Top Five Trades

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 Sovereign Trust Insurance, which traded volume of over 75.5 million units worth N15.1 million. UBA was the second most traded stock today with over 70.7 million units worth over N441.8 million. GTBank was next on the list, trading over 36.9 million units worth N795.1 million.

Japaul Oil was the fourth on the most traded stock list, closing the market with over 17.4 million units traded at cost of over N3.7 million, while Zenith Bank completed the top five list with over 14.1 million units traded today, worth N222.6 million.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...

Notice

We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings