• Business - Market Data
  • Updated: August 27, 2020

Stock Market Today: Nigerian Breweries Makes Gainers' List As Dangote Cement Decline

Stock Market Today: Nigerian Breweries Makes Gainers' List A

The Nigerian stock market closed at 2,954 deals today, Thursday, August 27, 2020, lower than the 3,411 deals it closed with on Wednesday, August 26, 2020, while the volume reached 251.2 million units at the close of the market today, higher than the 180.7 million units it closed with on Wednesday.

The value of trades recorded today was NGN1.5 billion, higher than the NGN1.3 billion of Wednesday. Meanwhile, the All-Share Index reached 25,304.25 index points today, lower than the 25,330.10 index points it ended trading with on Wednesday.

[READ ALSO: CBN Reveal Sanction Options For Exporters Refusing To Repatriate Export Proceed]

Top Five Gainers

Nigerian Breweries led the top gainers' chart after its stock price gained NGN1 to close trading at NGN37 per share after opening today's trading with NGN36 per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. May & Baker was second on the table, as its stock price gained NGN0.27 kobo to close the market with NGN3 per share, having started trading today with NGN2.73 kobo per share.

GTBank was the third top gainer as its stock price closed the market with NGN0.15 kobo gain to move from the opening price of NGN25.05 per share to NGN25.2 kobo per share. UPL came next, closing the market with a gain of NGN0.14 kobo to end trading with NGN1.49 kobo per share from the opening share price of NGN1.63 kobo per share. Mansard was last on the top five gainers' table after its share price rose from N1.73 kobo per share to close trading at N1.84 kobo per share, after gaining NGN0.11 kobo.

Top Five Losers

On the top of the losers' list was Dangote Cement, which had begun trading earlier today at NGN135 per share, only to drop in price by NGN-0.8 kobo to close at NGN134..2 kobo per share at the end of trading today. Fidson was second on the chart after closing at NGN3.71 kobo per share from its opening trade price of NGN4 per share; this represents a drop of NGN-0.29 kobo. Access Bank also recorded a drop in its share price as it declined by NGN-0.15 kobo to close trading at NGN6.25 kobo per share, below the NGN6.4 kobo per share it opened with.

Wapco closed the stock market at NGN11.55 kobo per share after shielding off NGN-0.15 kobo to drop from the opening price of NGN11.7 kobo per share. Zenith Bank completed the top five losers chart after it closed trading with NGN16.85 kobo per share, declining by NGN-0.1 kobo from the NGN16.95 kobo per share it opened trading with.

[READ ALSO: PWC, KPMG Obtained NGN4.1bn From Nigeria's Five Biggest Banks In 2019]

Top Five Trades

AllNews learnt that the top trades in the stock market for today were UAC Nigeria, which traded a volume of over 111.8 million units worth NGN643.1 million. UBA was the second most traded stock today with over 24.9 million units worth over NGN159.4 million. First Bank was next on the list, trading 20.8 million units worth NGN104.5 million.

Access Bank was the fourth on the most traded stock list, closing the market with over 13.9 million units traded at a cost of over NGN87.4 million, while Transcorp completed the top five list with over 7.9 million units traded today, worth NGN4.5 million.

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