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  • Business - Market Data
  • Updated: Sep 07, 2020

Stock Market Today: Stanbic IBTC Lead Gainers List, GTBank Among Losers

Stock Market Today: Stanbic IBTC Lead Gainers List, GTBank A

The Nigerian stock market closed at 4,699 deals today, Monday, September 7, 2020, higher than the 4,152 deals it closed with on Friday, September 5, 2020, while the volume reached 254.9 million units at the close of the market today, lower than the 419.6 million units it closed with on Friday.

The value of trades recorded today was NGN2 billion, lower than the NGN3.7 billion of Friday. Meanwhile, the All-Share Index reached 25,582.23 index points today, lower than the 25,605.64 index points it ended trading with on Friday. The stock market also ended with NGNN13.345 trillion equity capitalisation today, lower than the NGN13.358 trillion of Friday.

[READ ALSO: CBN Ban Baba Ijebu, 37 Others From Withdrawing From Accounts]

Top Five Gainers

Stanbic IBTC led the top gainers' chart after its stock price gained NGN0.5 kobo to close trading at NGN38.5 per share after opening today's trading with NGN38 per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Access Bank was second on the table, as its stock price gained NGN0.35 kobo to close the market with NGN6.8 kobo per share, having started trading today with NGN6.45 kobo per share.

C&I Leasing was the third top gainer as its stock price closed the market with NGN0.3 kobo gain to move from the opening price of NGN3.6 kobo per share to NGN3.9 kobo per share. Eterna Plc came next, closing the market with a gain of NGN0.19 kobo to end trading with NGN2.27 kobo per share from the opening share price of NGN2.08 per share. NEM was last on the top five gainers' table after its share price rose from NGN2.07 per share to close trading at NGN2.25 kobo per share, after gaining NGN0.18 kobo.

Top Five Losers

On the top of the losers' list was GTBank, which had begun trading earlier today at NGN26.55 kobo per share, only to drop in price by NGN-0.65 kobo to close at NGN25.9 kobo per share at the end of trading today. The Dangote Sugar was second on the chart after closing at NGN12.05 per share from its opening trade price of NGN12.5 kobo per share; this represents a drop of NGN-0.45 kobo. Red Star Express also recorded a drop in its share price as it declined by NGN-0.17 kobo to close trading at NGN3.72 kobo per share, below the NGN3.89 kobo per share it opened with.

UBA closed the stock market at NGN6.3 kobo per share after shielding off NGN-0.15 kobo, to drop from the opening price of NGN6.45 kobo per share. Zenith Bank completed the top five losers chart after it closed trading with NGN17.3 kobo per share, declining by NGN-0.1 from the NGN17.4 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 UBA, which traded a volume of over 44.3 million units worth NGN291.9 million. Zenith Bank was the second most traded stock today with over 30.8 million units worth over NGN536.1 billion. Access Bank was next on the list, trading 29.1 million units worth NGN196.6 million.

Custodian was the fourth on the most traded stock list, closing the market with over 26.3 million units traded at a cost of over NGN126.6 million, while First Bank completed the top five list with over 19.8 million units traded today, worth NGN98.6 million.

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