The Nigerian stock market closed at 4,152 deals today, Friday, September 4, 2020, higher than the 3,377 deals it closed with on Thursday, September 3, 2020, while the volume reached 419.6 million units at the close of the market today, higher than the 232.4 million units it closed with on Thursday.
The value of trades recorded today was NGN3.7 billion, higher than the NGN1.3 billion of Wednesday. Meanwhile, the All-Share Index reached 25,605.64 index points today, higher than the 25,511.02 index points it ended trading with on Thursday. The stock market also ended with NGNN13.358 trillion equity capitalisation.
Seplat led the top gainers' chart after its stock price gained NGN15 to close trading at NGN400 per share after opening today's trading with NGN385 per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. GTBank was second on the table, as its stock price gained NGN0.85 kobo to close the market with NGN26.55 kobo per share, having started trading today with NGN25.7 kobo per share.
Stanbic IBTC was the third top gainer as its stock price closed the market with NGN0.5 kobo gain to move from the opening price of NGN37.5 kobo per share to NGN38 per share. Guinness came next, closing the market with a gain of NGN0.45 kobo to end trading with NGN14.45 kobo per share from the opening share price of NGN14 per share. Cap Plc was last on the top five gainers' table after its share price rose from NGN16.65 kobo per share to close trading at NGN16.9 kobo per share, after gaining NGN0.25 kobo.
On the top of the losers' list was Nahco, which had begun trading earlier today at NGN2.1 kobo per share, only to drop in price by NGN-0.1 kobo to close at NGN2 per share at the end of trading today. The Initiates Plc was second on the chart after closing at NGN0.57 kobo per share from its opening trade price of NGN0.63 kobo per share; this represents a drop of -9.52%. Oando also recorded a drop in its share price as it declined by -2.17% to close trading at NGN2.25 kobo per share, below the NGN2.3 kobo per share it opened with.
First Bank closed the stock market at NGN5 per share after shielding off -0.99%, to drop from the opening price of NGN5.05 per share. UBA completed the top five losers chart after it closed trading with NGN6.45 kobo per share, declining by -0.77% from the NGN6.5 kobo per share it opened trading with.
AllNews learnt that the top trades in the stock market for today were Lasaco, which traded a volume of over 90.5 million units worth NGN22.7 million. Zenith Bank was the second most traded stock today with over 78.5 million units worth over NGN1.3 billion. Access Bank was next on the list, trading 54.4 million units worth NGN357.8 million.
Wema Bank was the fourth on the most traded stock list, closing the market with over 31.5 million units traded at a cost of over NGN17.2 million, while GTBank completed the top five list with over 24.3 million units traded today, worth NGN649 million.