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The Nigerian stock market closed at 3,576 deals on Thursday, September 24, 2020, higher than the 3,601 deals it closed with on Wednesday, September 23, 2020, while the volume reached 359.3 million units at the close of the market on Thursday, lower than the 381.8 million units it closed with on Wednesday.
The value of trades recorded on Thursday was NGN3,873 billion, lower than the NGN4,281 billion of Wednesday. Meanwhile, on Thursday, the All-Share Index reached 25,987.14 index points, higher than the 25,784.19 index points it ended trading with on Wednesday. The stock market also ended with NGN13,581 trillion equity capitalisation on Thursday, higher than the NGN13,475 trillion of Wednesday.
Nigerian Breweries led the top gainers' chart after its stock price gained NGN4.35 kobo to close trading at NGN47.85 kobo per share after opening today's trading with NGN43.5 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Mobil was second on the table, as its stock price gained NGN2 to close the market with NGN195.1 kobo per share, having started trading today with NGN193.1 per share.
Dangote Cement was the third top gainer as its stock price closed the market with NGN1.2 kobo gain to move from the opening price of NGN134.7 kobo per share to NGN135.9 kobo per share. Wapco came next, closing the market with a gain of NGN0.9 kobo to end trading with NGN14.1 kobo per share from the opening share price of NGN13.2 kobo per share. GTBank was last on the top five gainers' table after its share price rose from NGN25.5 kobo per share to close trading at NGN26 per share, after gaining NGN0.5 kobo.
On the top of the losers' list is Ardova, which had begun trading earlier today at NGN11.4 kobo per share, only to drop in price by NGN-10.3 kobo to close at NGN10.3 kobo per share at the end of trading today. Unilever was second on the chart after closing at NGN13.6 kobo per share from its opening trade price of NGN14.4 kobo per share; this represents a drop of NGN-0.8 kobo. Red Star Express also recorded a drop in its share price as it declined by NGN-0.25 kobo to close trading at NGN3 per share, below the NGN3.25 kobo per share it opened with.
Cap Plc also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN17 per share, below the NGN17.1 kobo per share it opened with. DAAR Communications completed the top five losers chart after it closed trading with NGN0.3 kobo per share, declining by -9.09% from the NGN0.33 kobo per share it opened trading with.
AllNews learnt that the top trades in the stock market for today were Sterling Bank, which traded a volume of over 71.8 million units worth NGN83.4 million. GTBank was the second most traded stock today with over 51.7 million units worth over NGN1.3 billion. Zenith Bank was next on the list, trading 44.5 million units worth NGN759.1 million.
Fidelity Bank was the fourth on the most traded stock list, closing the market with over 37 million units traded at a cost of over NGN67 million, while Flour Mill completed the top five list with over 29.4 million units traded today, worth NGN588.3 billion.