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The Nigerian stock market closed at 3,854 deals today, Monday, August 31, 2020, higher than the 2,869 deals it closed with on Friday, August 28, 2020, while the volume reached 302 million units at the close of the market today, higher than the 137 million units it closed with on Friday.
The value of trades recorded today was NGN 2.6 billion, higher than the NGN920.5 million of Friday. Meanwhile, the All-Share Index reached 25,327.13 index points today, higher than the 25,309.37 index points it ended trading with on Friday.
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Top Five Gainers
Mobil led the top gainers' chart after its stock price gained NGN17.5 kobo to close trading at NGN192.5 kobo per share after opening today's trading with NGN175 per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Dangote Cement was second on the table, as its stock price gained NGN0.7 kobo to close the market with NGN134.9 kobo per share, having started trading today with NGN134.2 kobo per share.
Wapco was the third top gainer as its stock price closed the market with NGN0.4 kobo gain to move from the opening price of NGN11.55 kobo per share to NGN11.95 kobo per share. Vitaform came next, closing the market with a gain of NGN0.24 kobo to end trading with NGN5.71 kobo per share from the opening share price of NGN5.47 kobo per share. BUA Cement was last on the top five gainers' table after its share price rose from NGN40 per share to close trading at NGN40.1 kobo per share, after gaining NGN0.1 kobo.
On the top of the losers' list was C&I Leasing, which had begun trading earlier today at NGN4 per share, only to drop in price by NGN-0.4 kobo to close at NGN3.6 kobo per share at the end of trading today. Guinness was second on the chart after closing at NGN13.8 kobo per share from its opening trade price of NGN14.15 kobo per share; this represents a drop of NGN-0.35 kobo. Access Bank also recorded a drop in its share price as it declined by NGN-0.2 kobo to close trading at NGN6.2 kobo per share, below the NGN6.4 kobo per share it opened with.
Red Star Express closed the stock market at NGN3.65 kobo per share after shielding off NGN-0.2 kobo, to drop from the opening price of NGN3.85 kobo per share. UBN completed the top five losers chart after it closed trading with NGN5.3 kobo per share, declining by NGN-0.1 kobo from the NGN5.4 kobo per share it opened trading with.
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AllNews learnt that the top trades in the stock market for today were UAC Nigeria, which traded a volume of over 74.4 million units worth NGN425.2 million. Zenith Bank was the second most traded stock today with over 23.8 million units worth over NGN400.4 million. UBA was next on the list, trading 22.4 million units worth NGN141.1 million.
First Bank was the fourth on the most traded stock list, closing the market with over 22.2 million units traded at a cost of over NGN109.9 million, while Access Bank completed the top five list with over 18 million units traded today, worth NGN112.1 million.
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