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  • Business - Market Data
  • Updated: September 11, 2020

Stock Market Today: Zenith Bank Lead Gainers List, Seplat Among Losers

The Nigerian stock market closed at 3,251 deals on Thursday, September 10, 2020, lower than the 4,155 deals it closed with on Wednesday, September 9, 2020, while the volume reached 236.4 million units at the close of the market today, higher than the 269.6 million units it closed with on Wednesday.

The value of trades recorded today was NGN1.647 billion, lower than the NGN2.871 billion. Meanwhile, the All-Share Index reached 25,520.97 index points higher than the 25,424.91 index points it ended trading with on Wednesday. The stock market also ended with NGNN13,313 trillion equity capitalisation today, lower than the NGN13,263 trillion of Wednesday.

READ ALSO: Police Investigate Four PWC Workers Over Senior Partner's Death

Top Five Gainers

Zenith Bank led the top gainers' chart after its stock price gained NGN0.55 kobo to close trading at NGN16.95 kobo per share after opening today's trading with NGN16.4 kobo per share, this is according to Nigerian Stock Exchange (NSE) market data seen by AllNews. MTN Nigeria was second on the table, as its stock price gained NGN0.5 kobo to close the market with NGN120 per share, having started trading today with NGN119.5 per share.

GTBank was the third top gainer as its stock price closed the market with NGN0.45 kobo gain to move from the opening price of NGN24.3 kobo per share to NGN24.75 kobo per share. C&I Leasing came next, closing the market with a gain of NGN0.3 kobo to end trading with NGN3.85 kobo per share from the opening share price of NGN3.55 per share. Access Bank was last on the top five gainers' table after its share price rose from NGN6.5 kobo per share to close trading at NGN6.75 kobo per share, after gaining NGN-0.25 kobo.

Top Five Losers

On the top of the losers' list was Seplat, which had begun trading earlier today at NGN400 per share, only to drop in price by NGN-10 to close at NGN390 per share at the end of trading today. Fidson was second on the chart after closing at NGN3.8 kobo per share from its opening trade price of NGN3.98 kobo per share; this represents a drop of NGN-0.18 kobo. Custodian also recorded a drop in its share price as it declined by NGN-0.15 kobo to close trading at NGN4.8 kobo per share, below the NGN4.95 kobo per share it opened with.

FCMB closed the stock market at NGN2.15 kobo per share after shielding off NGN-0.11 kobo, to drop from the opening price of NGN2.26 kobo per share. Africa Prudential completed the top five losers chart after it closed trading with NGN4.3 kobo per share, declining by -1.83% from the NGN4.38 kobo per share it opened trading with.

READ ALSO: Nigeria Want Creditors To Cancel Debt As It Rises To N31trn

Top Five Trades

AllNews learnt that the top trades in the stock market for today were Zenith Bank, which traded a volume of over 33.1 million units worth NGN546.7 million. Fidelity Bank was the second most traded stock today with over 52.6 million units worth over NGN52.6 million. Mutual Benefit was next on the list, trading 25 million units worth NGN5 million.

Wema Bank was the fourth on the most traded stock list, closing the market with over 20.2 million units traded at a cost of over NGN11 million, while First Bank completed the top five list with over 20 million units traded today, worth NGN100.2 million.

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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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