Business - Market Data
Updated: September 22, 2020

Stock Market Today: MTN Lead Gainers List, Dangote Among Losers

By Olalekan Fakoyejo
September 22, 2020
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The Nigerian stock market closed at 3,254 deals on Tuesday, September 22, 2020, lower than the 3,542 deals it closed with on Monday, September 21, 2020, while the volume reached 262 million units at the close of the market on Tuesday, higher than the 196.1 million units it closed with on Monday.

The value of trades recorded on Tuesday was NGN4,399 billion, lower than the NGN1,727 billion of Monday. Meanwhile, on Tuesday, the All-Share Index reached 25,654.90 index points, higher than the 25,574.35 index points it ended trading with on Monday. The stock market also ended with NGN13,407 trillion equity capitalisation on Tuesday, higher than the NGN13,365 trillion of Monday.

Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained NGN2.9 kobo to close trading at NGN123 per share after opening today's trading with NGN120.1 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Red Star Express was second on the table, as its stock price gained NGN0.29 kobo to close the market with NGN3.25 kobo per share, having started trading today with NGN2.96 kobo per share.

First Bank was the third top gainer as its stock price closed the market with NGN0.1 kobo gain to move from the opening price of NGN4.9 kobo per share to NGN5 per share. Dangote Sugar came next, closing the market with a gain of NGN0.1 kobo to end trading with NGN12.1 kobo per share from the opening share price of NGN12 per share. Trans-Nationwide Express was last on the top five gainers' table after its share price rose from NGN0.75 kobo per share to close trading at NGN0.82 kobo per share, after gaining 9.33%.

Top Five Losers

On the top of the losers' list is Presco, which had begun trading earlier today at NGN49.9 kobo per share, only to drop in price by NGN-0.4 kobo to close at NGN49.5 per share at the end of trading today. UBN was second on the chart after closing at NGN5 per share from its opening trade price of NGN5.35 kobo per share; this represents a drop of NGN-0.35 kobo. Dangote Cement also recorded a drop in its share price as it declined by NGN-0.3 kobo to close trading at NGN134.7 kobo per share, below the NGN135 per share it opened with.

UAC Nigeria closed the stock market at NGN6.3 kobo per share after shielding off NGN0.1 kobo, to drop from the opening price of NGN6.4 kobo per share. International Breweries completed the top five losers chart after it closed trading with NGN3.3 kobo per share, declining by NGN-0.1 kobo from the NGN3.4 kobo 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 45.8 million units worth NGN766.2 million. First Bank was the second most traded stock today with over 24.1 million units worth over NGN119.5 million. Transcorp was next on the list, trading 20.9 million units worth NGN12.5 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 NGN42.2 million, while GTBank completed the top five list with over 20.3 million units traded today, worth NGN516.4 million.