The Nigerian Stock Exchange market closed with 4,235 deals on Monday, October 26, 2020, higher than the 2,942 deals it closed with on Friday, October 25, 2020. The volume reached 340,80 million units at the close of the market on Monday, higher than the 282,97 million units it closed with on Friday.
The value of trades recorded on Monday was NGN5,560 billion, higher than the NGN4,426 billion of Friday. Meanwhile, on Monday, the All-Share Index reached 28,777.96 index points, higher than the 28,697.06 All-Share Index of Friday.
The stock market also ended with a NGN15,041 trillion equity capitalisation on Monday, higher than the NGN14,999 trillion recorded on Friday.
Top Five Gainers
Flour Mill led the top gainers’ chart after its stock price gained NGN1.2 kobo to close trading at NGN24.2 kobo per share after opening today’s trading with NGN23 per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.
Dangote Cement was second on the table, as its stock price gained NGN1 to close the market with NGN152 per share, having started trading today with NGN151 per share.
Custodian was the third top gainer as its stock price closed the market with a NGN0.5 kobo gain to move from the opening price of NGN5 per share to NGN5.5 kobo per share. Ecobank follows, closing the market with a gain of NGN0.35 kobo to end trading with NGN5.65 kobo per share from the opening share price of NGN5.4 kobo per share.
GlaxoSmith was last on the top five gainers’ table after its share price gained NGN0.25 kobo per share to close trading at NGN5.65 kobo per share, having opened trading at NGN5.4 kobo.
Top Five Losers
On the top of the losers’ list is Nascon, which had begun trading earlier today at NGN14.3 kobo per share, only to drop in price by NGN-1.2 kobo to close at NGN13.1 kobo per share at the end of trading today.
International Breweries was second on the chart after closing at NGN6.01 per share from its opening trade price of NGN6.3 kobo per share; this represents a drop of NGN-0.29 kobo. Dangote Sugar also recorded a drop in its share price as it declined by NGN-0.1 kobo to close trading at NGN13.7 kobo per share, below the NGN13.8 kobo per share it opened with.
Morison also recorded a drop in its share price as it declined by -10.00% to close trading at NGN0.54 kobo per share, below the NGN0.6 kobo per share it opened with. Nahco completed the top five losers chart after it closed trading with NGN2.1 kobo per share, declining by -2.38% from the NGN2.05 kobo per share it opened trading with.
Top Five Trades
Law Reporters learnt that the top trades in the stock market for today were GTBank, which traded a volume of over 56.79 million units worth NGN1.73 billion. Zenith Bank was the second most traded stock today with over 47.78 million units worth over NGN1.01 billion. Wapic was next on the list, trading 40.04 million units worth NGN14.76 million.
First Bank was the fourth on the most traded stock list, closing the market with over 26.14 million units traded at a cost of over NGN160 million, while UBA completed the top five list with over 21.75 million units traded today, worth NGN155.38 million.
