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  • Business - Economy
  • Updated: August 18, 2020

Stock Market Today: Dangote Sugar Makes Gainers List As Conoil Stock Price Decline

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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The Nigerian stock market closed at 3,693 deals today, Tuesday, August 18, 2020, higher than the 3,597 deals it closed with on Monday, August 17, 2020, while the volume reached 271 million units at the close of the market today, higher than the 161.2 million units it closed with on Monday.

The value of trades recorded today was N2.4 billion, higher than the N1.8 billion of Monday. Meanwhile, the All-Share Index reached 25,136.49 index points today, surpassing the 25,132.67 index points it ended trading with on Monday.

[READ ALSO: Banks Indirectly Enriching Bureau De Change Operators At POS Operators' Detriment]

Top Five Gainers

Dangote Sugar led the top gainers' chart after its stock price gained N0.3 kobo to close trading at N12.6 kobo per share after opening today's trading with N12.3 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Flour Mill was second on the table, as its stock price gained N0.2 kobo to close the market with N18.5 kobo per share, having started trading today with N18.3 per share.

UBA was the third top gainer as its stock price closed the market with N0.15 kobo gain to move from the opening price of N6.5 kobo per share to N6.65 kobo per share. UPL came next, closing the market with a gain of N0.11 kobo to end trading with N1.22 kobo per share from the opening share price of N1.11 kobo per share. Guinness was last on the top five gainers' table after its share price rose from N15.4 kobo per share to close trading at N15.5 kobo per share, after gaining N0.1 kobo.

Top Five Losers

The top on the losers' list was Conoil, which had begun trading earlier today at N16.9 per share, only to drop in price by N-1.65 kobo to close at N15.25 kobo per share at the end of trading today. Ardova was second on the chart after closing at N12.6 kobo per share from its opening trade price of N13.95 kobo per share; this represents a drop of N-1.35 kobo. Nigerian Breweries also recorded a drop in its share price as it declined by N-1 kobo to close trading at N35 per share, below the N36 per share it opened with.

[READ ALSO: FG's Economic Reforms Affect World Bank Loan As It Grapple With Recession]

Oando closed the stock market at N2.24 kobo per share after shielding off N-0.24 kobo to drop from the opening price of N2.48 kobo per share. Fidson completed the top five losers chart after it closed trading with N3.79 kobo per share, declining by N-0.21 kobo from the N4 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 35.8 million units worth N600.2 million. GTBank was the second most traded stock today with over 35.2 million units worth over N877 million. Lasaco was next on the list, trading 33 million units worth N9.8 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 23.7 million units traded at a cost of over N152 million, while Transcorp completed the top five list with over 15.5 million units traded today, worth N9.4 million.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

More From this Author

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