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  • Business - Market Data
  • Updated: August 26, 2020

Stock Market Today: Stanbic IBTC Makes Gainers List, UBA Among Losers

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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The Nigerian stock market closed at 3,411 deals today, Wednesday, August 26, 2020, lower than the 3,713 deals it closed with on Tuesday, August 25, 2020, while the volume reached 180.7 million units at the close of the market today, lower than the 251.3 million units it closed with on Tuesday.

The value of trades recorded today was NGN1.3 billion, higher than the NGN1.1 billion of Monday. Meanwhile, the All-Share Index reached 25,330.10 index points today, surpassing the 25,291.73 index points it ended trading with on Tuesday.

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

Top Five Gainers

Stanbic IBTC led the top gainers' chart after its stock price gained NGN1.55 kobo to close trading at NGN36.05 per share after opening today's trading with NGN34.5 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. Nigerian Northern Flour Mills was second on the table, as its stock price gained NGN0.4 kobo to close the market with NGN4.5 kobo per share, having started trading today with NGN4.1 kobo per share.

UAC Nigeria was the third top gainer as its stock price closed the market with NGN0.35 kobo gain to move from the opening price of NGN5.4 kobo per share to NGN5.75 kobo per share. Vitafoam came next, closing the market with a gain of NGN0.29 kobo to end trading with NGN5.44 kobo per share from the opening share price of NGN5.15 kobo per share. Guinness was last on the top five gainers' table after its share price rose from N15.3 kobo per share to close trading at N15.5 kobo per share, after gaining NGN0.2 kobo.

Top Five Losers

On the top of the losers' list was African Prudential, which had begun trading earlier today at NGN4.5 kobo per share, only to drop in price by NGN-0.3 kobo to close at NGN4.2 kobo per share at the end of trading today. Custodian was second on the chart after closing at NGN4.8 kobo per share from its opening trade price of NGN4.9 kobo per share; this represents a drop of NGN-0.1 kobo. UBA also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN6.45 kobo per share, below the NGN6.55 kobo per share it opened with.

Cornerstone Insurance closed the stock market at NGN0.56 kobo per share after shielding off -9.68% to drop from the opening price of NGN0.62 kobo per share. Cadbury completed the top five losers chart after it closed trading with NGN7.75 kobo per share, declining by -0.64% from the NGN7.8 kobo per share it opened trading with.

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

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Fidelity Bank, which traded a volume of over 26.5 million units worth NGN47.2 million. UBA was the second most traded stock today with over 19.4 million units worth over NGN125.9 million. Access Bank was next on the list, trading 18.9 million units worth NGN121.2 million.

First Bank was the fourth on the most traded stock list, closing the market with over 17.8 million units traded at a cost of over NGN89.1 million, while Zenith Bank completed the top five list with over 10.2 million units traded today, worth NGN172.7 million.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

More From this Author

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