The Nigerian stock market closed at 3,360 deals on Thursday, September 17, 2020, higher than the 3,651 deals it closed with on Wednesday, September 16, 2020, while the volume reached 231.2 million units at the close of the market on Thursday, higher than the 211.8 million units it closed with on Wednesday.
The value of trades recorded on Thursday was NGN2,095 billion, lower than the NGN2,417 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 25,532.74 index points, lower than the 25,550.31 index points it ended trading with on Wednesday. The stock market also ended with NGN13,343 trillion equity capitalisation on Thursday, lower than the NGN13,352 trillion of Wednesday.
Top Five Gainers
International Breweries led the top gainers' chart after its stock price gained NGN0.3 kobo to close trading at NGN3.3 kobo per share after opening today's trading with NGN3 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 NGN0.3 kobo to close the market with NGN19.8 kobo per share, having started trading today with NGN19.5 kobo per share.
Cadbury was the third top gainer as its stock price closed the market with NGN0.3 kobo gain to move from the opening price of NGN7.4 kobo per share to NGN7.1 kobo per share. NPF Microfinance Bank came next, closing the market with a gain of NGN0.1 kobo to end trading with NGN1.3 kobo per share from the opening share price of NGN1.2 kobo per share. GTBank was last on the top five gainers' table after its share price rose from NGN24.95 kobo per share to close trading at NGN25 per share, after gaining 0.20%.
On the top of the losers' list is Dangote Sugar, which had begun trading earlier today at NGN11.9 kobo per share, only to drop in price by NGN0.7 kobo to close at NGN11.2 kobo per share at the end of trading today. Custodian was second on the chart after closing at NGN4.55 kobo per share from its opening trade price of NGN4.8 kobo per share; this represents a drop of NGN-0.25 kobo. Caverton also recorded a drop in its share price as it declined by NGN-0.16 kobo to close trading at NGN1.7 kobo per share, below the NGN1.86 kobo per share it opened with.
Ecobank closed the stock market at NGN3.95 kobo per share after shielding off NGN-0.1 kobo, to drop from the opening price of NGN34.05 per share. First Bank completed the top five losers chart after it closed trading with NGN4.9 kobo per share, declining by -1.01% from the NGN4.95 kobo per share it opened trading with.
Top Five Trades
AllNews learnt that the top trades in the stock market for today were First Bank, which traded a volume of over 33.5 million units worth NGN165.3 million. Access Bank was the second most traded stock today with over 30.4 million units worth over NGN200 million. Zenith Bank was next on the list, trading 25 million units worth NGN418 million.
FCMB was the fourth on the most traded stock list, closing the market with over 20.5 million units traded at a cost of over NGN42.1 million, while GTBank completed the top five list with over 20.2 million units traded today, worth NGN506.2 million.