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  • Business - Market Data
  • Updated: Sep 08, 2020

Stock Market Today: Nigerian Breweries Lead Gainers List, GTBank Among Losers

Stock Market Today: Nigerian Breweries Lead Gainers List, GT

The Nigerian stock market closed at 4,185 deals today, Tuesday, September 8, 2020, lower than the 4,699 deals it closed with on Monday, September 7, 2020, while the volume reached 251.9 million units at the close of the market today, lower than the 254.9 million units it closed with on Friday.

The value of trades recorded today was NGN2.044 billion. Meanwhile, the All-Share Index reached 25,497.32 index points today, lower than the 25,582.23 index points it ended trading with on Monday. The stock market also ended with NGN13.301 trillion equity capitalisation today, lower than the NGN13.345 trillion of Monday.

[READ ALSO: Just In: Chaos As Bayelsa Govt Shutdown GTBank, Ecobank Branches]

Top Five Gainers

Nigerian Breweries led the top gainers' chart after its stock price gained NGN1 to close trading at NGN41 per share after opening today's trading with NGN40 per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. MTN Nigeria was second on the table, as its stock price gained NGN0.9 kobo to close the market with NGN119.5 kobo per share, having started trading today with NGN118.6 kobo per share.

Cap Plc was the third top gainer as its stock price closed the market with NGN0.45 kobo gain to move from the opening price of NGN17 per share to NGN17.45 kobo per share. First Bank came next, closing the market with a gain of NGN0.1 kobo to end trading with NGN5.05 per share from the opening share price of NGN4.95 kobo per share. Honeywell Flour was last on the top five gainers' table after its share price rose from NGN0.9 kobo per share to close trading at NGN0.94 kobo per share, after gaining 4.44%.

Top Five Losers

On the top of the losers' list was GTBank, which had begun trading earlier today at NGN25.9 kobo per share, only to drop in price by NGN-1.6 kobo to close at NGN24.3 kobo per share at the end of trading today. Guinness was second on the chart after closing at NGN14 per share from its opening trade price of NGN14.4 kobo per share; this represents a drop of NGN-0.4 kobo. Zenith Bank also recorded a drop in its share price as it declined by NGN-0.4 kobo to close trading at NGN16.9 kobo per share, below the NGN17.3 kobo per share it opened with.

UBN closed the stock market at NGN4.9 kobo per share after shielding off NGN-0.2 kobo, to drop from the opening price of NGN5.1 kobo per share. Arbico completed the top five losers chart after it closed trading with NGN1.03 kobo per share, declining by NGN-0.11 kobo from the NGN1.14 kobo per share it opened trading with.

[READ ALSO: GTBank Accused Of Using Customer's Money To Play Bet, As Customers Lose About N770,000]

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Custodian, which traded a volume of over 40.1 million units worth NGN192.6 million. First Bank was the second most traded stock today with over 28.2 million units worth over NGN141.5 billion. Zenith Bank was next on the list, trading 26 million units worth NGN444.7 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 25 million units traded at a cost of over NGN170.1 million, while Transcorp completed the top five list with over 19 million units traded today, worth NGN11.2 million.



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