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  • Business - Market Data
  • Updated: July 22, 2020

Stock Market Today: GlaxoSmith, Sterling Bank Slip Into Losers List, As May & Baker, Others Gain

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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 3,252 deals today, Wednesday, July 22, 2020, higher than the 3,500 deals it recorded on Tuesday, July 21, 2020, while the volume increased to 402.6 million units today, from the 304.1 million units of Tuesday, while the value of trades was N4.5 billion today; it was N3.2 billion yesterday. Meanwhile, the All-Share Index reached 24,173.53 index points today, below the 24,174.45 index points the market closed with on Tuesday.

Top Five Gainers

May & Baker led the top gainers' chart after its stock price gained N0.22 to close trading at N3 per share after opening today's trading with NN2.78 kobo per share, this is according to NSE market data seen by AllNews. Eterna Oil was second on the table, as its stock price gained N0.16 to close the market with N1.96 kobo per share, having started trading today with N1.8 kobo per share.

[READ ALSO: Unilever's Revenue Problem That Forced Ex-CEO To Resign, Worsens Under New CEO, Carl Cruz]

Neimeth was the third top gainer as its stock price closed the market with N0.1 kobo gain to move from the opening price of N1.4 kobo per share to N1.5 kobo per share. Fidson came next, closing the market with a gain of N0.1 kobo to end trading with N3 per share from the opening share price of N2.9 kobo per share. NPF Microfinance Bank was last on the top five gainers table after its share price rose from N1.32 kobo per share to close trading at N1.42 kobo per share; representing a change of 7.58%.

Top Five Losers

The top on the losers list was Glaxo Smith, which had begun trading earlier today at N5.25 kobo per share, only to drop in price by N-0.5 to close at N4.75 kobo per share at the end of trading today. Africa Prudential was second on the chart losing N-0.17 kobo in share price to close at N4.01 per share after opening trade at N4.18 kobo per share. Caverton closed the stock market at N1.84 kobo per share after shielding off  -3.16% to drop from the opening price of N1.9 kobo per share.

Sterling Bank also recorded a drop in its share price as it declined by -3.28% to close trading at N1.18 kobo per share, below the N1.22 per share it opened with. Consolidated Hallmark Insurance completed the top five losers chart after it closed trading with N0.45 kobo per share, declining by -8.16% from the N0.49 kobo per share it opened trading with.

[READ ALSO: Coca-Cola Falls Into Revenue Problem, To Struggle In 2020 Second Half]

Top Five Trades

AllNews learnt that the top trades in the stock market for today were UAC Nigeria, which traded volume of over 136.7 million units worth N786.7 million. Nigerian Brewery was the second most traded stock today with over 52.6 million units worth over N1.6 billion. Multiverse Mining and Exploration Plc was next on the list, trading 50 million units worth N10 million.

Sterling Bank was the fourth on the most traded stock list, closing the market with over 29.2 million units traded at cost of over N35.7 million, while First Bank completed the top five list with over 18.4 million units traded today, worth N91.1 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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