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  • Business - Market Data
  • Updated: August 28, 2020

Stock Market Today: Guinness Top Losers List As Cap Plc Lead Gainers

The Nigerian stock market closed at 2,869 deals today, Friday, August 28, 2020, lower than the 2,954 deals it closed with on Thursday, August 27, 2020, while the volume reached 137 million units at the close of the market today, higher than the 251.2 million units it closed with on Wednesday.

The value of trades recorded today was NGN920.5 million, lower than the NGN1.5 billion of Thursday. Meanwhile, the All-Share Index reached 25,309.37 index points today, higher than the 25,304.25 index points it ended trading with on Thursday.

[READ ALSO: PWC, KPMG Obtained NGN4.1bn From Nigeria's Five Biggest Banks In 2019]

Top Five Gainers

Cap Plc led the top gainers' chart after its stock price gained NGN0.55 kobo to close trading at NGN16.7 kobo per share after opening today's trading with NGN16.15 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. GTBank was second on the table, as its stock price gained NGN0.2 kobo to close the market with NGN25.4 kobo per share, having started trading today with NGN25.2 kobo per share.

Access Bank was the third top gainer as its stock price closed the market with NGN0.15 kobo gain to move from the opening price of NGN6.25 kobo per share to NGN6.4 kobo per share. United Capital came next, closing the market with a gain of 1.64% to end trading with NGN3.1 kobo per share from the opening share price of NGN3.05 per share. FCMB was last on the top five gainers' table after its share price rose from NGN2.1 kobo per share to close trading at NGN2.15 kobo per share, after gaining 2.38%.

Top Five Losers

On the top of the losers' list was Guinness Nigeria, which had begun trading earlier today at NGN15.6 kobo per share, only to drop in price by NGN-1.45 kobo to close at NGN14.15 kobo per share at the end of trading today. First Bank was second on the chart after closing at NGN4.95 kobo per share from its opening trade price of NGN5.05 per share; this represents a drop of NGN-0.1 kobo. Jaiz Bank also recorded a drop in its share price as it declined by -7.94% to close trading at NGN0.58 kobo per share, below the NGN0.63 kobo per share it opened with.

Red Star Express closed the stock market at NGN3.85 kobo per share after shielding off -1.28% to drop from the opening price of NGN3.9 kobo per share. UBA completed the top five losers chart after it closed trading with NGN6.35 kobo per share, declining by -0.78% from the NGN6.35 kobo per share it opened trading with.

[READ ALSO: Guinness Suffers Revenue Loss, As Profit Crashes In Q2 2020]

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Access Bank, which traded a volume of over 25.7 million units worth NGN162.5 million. First Bank was the second most traded stock today with over 15.6 million units worth over NGN77.6 million. FTN Cocoa was next on the list, trading 11.3 million units worth NGN2.3 million.

Royal Exchange was the fourth on the most traded stock list, closing the market with over 11.1 million units traded at a cost of over NGN2.5 million, while FCMB completed the top five list with over 8.1 million units traded today, worth NGN17.1 million.

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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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