• Business - Market Data
  • Updated: August 17, 2020

Stock Market Today: MTN Nigeria Makes Gainers List As Dangote Cement Stock Price Slumps

The Nigerian stock market closed at 3,597 deals today, Monday, August 17, 2020, lower than the 3,897 deals it closed with on Friday, August 14, 2020, while the volume reached 161.2 million units at the close of the market today, lower than the 482.5 million units it closed with on Friday.

The value of trades recorded today was N1.8 billion, lower than the N4.5 billion of Friday. Meanwhile, the All-Share Index reached 25,132.67 index points today, failing to surpass the 25,199.84 index points it ended trading with on Friday.

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Top Five Gainers

MTN Nigeria led the top gainers' chart after its stock price gained N2.3 kobo to close trading at N117.8 kobo per share after opening today's trading with N115.5 kobo per share, this is according to NSE market data seen by AllNews. Julius Berger was second on the table, as its stock price gained N1.45 kobo to close the market with N16.5 kobo per share, having started trading today with N15.05 per share.

Unilever was the third top gainer as its stock price closed the market with N1.25 kobo gain to move from the opening price of N12.5 kobo per share to N13.75 kobo per share. Ardova came next, closing the market with a gain of N1.2 kobo to end trading with N13.95 kobo per share from the opening share price of N12.75 kobo per share. Dangote Sugar was last on the top five gainers' table after its share price rose from N11.9 kobo per share to close trading at N12.3 kobo per share, after gaining N0.4 kobo.

Top Five Losers

The top on the losers' list was Dangote Cement, which had begun trading earlier today at N136 per share, only to drop in price by N-1 to close at N135 per share at the end of trading today. Vitaform was second on the chart after closing at N5.45 kobo per share from its opening trade price of N5.75 kobo per share; this represents a drop of N-0.3 kobo. UACN also recorded a drop in its share price as it declined by N-0.15 kobo to close trading at N5.85 kobo per share, below the N6 per share it opened with.

International Breweries closed the stock market at N2.75 kobo per share after shielding off N-0.1 kobo to drop from the opening price of N2.85 kobo per share. United Capital completed the top five losers chart after it closed trading with N3.1 kobo per share, declining by -1.90% from the N3.16 kobo per share it opened trading with.

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Top Five Trades

AllNews learnt that the top trades in the stock market for today were GTBank, which traded a volume of over 19 million units worth N472.1 million. Zenith Bank was the second most traded stock today with over 18.6 million units worth over N311.4 million. Sterling Bank was next on the list, trading 14.3 million units worth N16.7 million.

First Bank was the fourth on the most traded stock list, closing the market with over 12.7 million units traded at a cost of over N63.8 million, while International Breweries completed the top five list with over 11.2 million units traded today, worth N31.1 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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