The Nigerian stock market closed at 3,601 deals on Wednesday, September 23, 2020, higher than the 3,254 deals it closed with on Tuesday, September 22, 2020, while the volume reached 381.8 million units at the close of the market on Wednesday, higher than the 262 million units it closed with on Tuesday.
The value of trades recorded on Wednesday was NGN4,281 billion, lower than the NGN4,399 billion of Tuesday. Meanwhile, on Wednesday, the All-Share Index reached 25,784.19 index points, higher than the 25,654.90 index points it ended trading with on Tuesday. The stock market also ended with NGN13,475 trillion equity capitalisation on Wednesday, higher than the NGN13,407 trillion of Tuesday.
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. Nigerian Breweries was second on the table, as its stock price gained NGN1.5 kobo to close the market with NGN43.5 kobo per share, having started trading today with NGN42 per share.
MTN Nigeria was the third top gainer as its stock price closed the market with NGN0.9 kobo gain to move from the opening price of NGN123 per share to NGN123.9 kobo per share. Mobil came next, closing the market with a gain of NGN0.6 kobo to end trading with NGN193.1 kobo per share from the opening share price of NGN192.5 per share. Flour Mill was last on the top five gainers' table after its share price rose from NGN19.65 kobo per share to close trading at NGN20 per share, after gaining NGN0.35 kobo.
On the top of the losers' list is Eterna, which had begun trading earlier today at NGN2.68 kobo per share, only to drop in price by NGN-0.18 kobo to close at NGN2.5 kobo per share at the end of trading today. B.O.C Gases was second on the chart after closing at NGN4.25 kobo per share from its opening trade price of NGN4.36 kobo per share; this represents a drop of NGN-0.11 kobo. Africa Prudential also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN4.35 kobo per share, below the NGN4.45 kobo per share it opened with.
NPF Microfinance Bank closed the stock market at NGN1.22 kobo per share after shielding off -6.15%, to drop from the opening price of NGN1.3 kobo per share. Custodian completed the top five losers chart after it closed trading with NGN4.8 kobo per share, declining by -1.03% from the NGN4.85 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 85.2 million units worth NGN97.9 million. First Bank was the second most traded stock today with over 82.7 million units worth over NGN413.7 million. Access Bank was next on the list, trading 58.2 million units worth NGN366.7 million.
Zenith Bank was the fourth on the most traded stock list, closing the market with over 28.4 million units traded at a cost of over NGN480.2 million, while MTN Nigeria completed the top five list with over 25.7 million units traded today, worth NGN3 billion.