The Nigerian Stock Exchange market closed with 5,283 deals on Tuesday, October 27, 2020, higher than the 4,235 deals it closed with on Monday, October 26, 2020. The volume reached 385.59 million units at the close of the market on Tuesday, higher than the 340.80 million units it closed with on Monday.
The value of trades recorded on Tuesday was NGN2,914 billion, lower than the NGN5,560 billion of Monday. Meanwhile, on Tuesday, the All-Share Index reached 28,980.29 index points, higher than the 28,777.96 All-Share Index of Monday.
The stock market also ended with a NGN15,147 trillion equity capitalisation on Tuesday, higher than the NGN15,041 trillion recorded on Monday.
Top Five Gainers
Flour Mill led the top gainers’ chart after its stock price gained NGN2.3 kobo to close trading at NGN26.5 kobo per share after opening today’s trading with NGN24.2 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.
Conoil was second on the table, as its stock price gained NGN1.55 kobo to close the market with NGN17.35 kobo per share, having started trading today with NGN15.8 kobo per share.
Guinness was the third top gainer as its stock price closed the market with a NGN0.9 kobo gain to move from the opening price of NGN16 per share to NGN16.9 kobo per share. Cadbury follows, closing the market with a gain of NGN0.7 kobo to end trading with NGN8.3 kobo per share from the opening share price of NGN7.6 kobo per share.
GTBank was last on the top five gainers’ table after its share price gained NGN0.6 kobo per share to close trading at NGN31.25 kobo per share, having opened trading at NGN30.65 kobo.
Top Five Loser
On the top of the losers’ list is NEM, which had begun trading earlier today at NGN2.06 per share, only to drop in price by -1.46% to close at NGN2.03 per share at the end of trading today.
Wema Bank was second on the chart after closing at NGN0.57 kobo per share from its opening trade price of NG0.58 kobo per share; this represents a drop of -1.72%. Associated Bus Company share price was stagnant as its share price neither gained nor lost, trading at NGN0.3 kobo per share at close of trade, same as the NGN0.3 kobo per share it opened with.
Berger Paints also didn’t record any movement in its share price as it closed trading at NGN6.7 kobo per share, same as the opening trade price of NGN6.7 kobo. Champion Breweries completed the top five losers chart after it closed trading with NGN0.89 kobo per share, same as the NGN0.89 kobo per share it opened trading with.
Top Five Trades
Equity News learnt that the top trades in the stock market for today were First Bank, which traded a volume of over 81.78 million units worth NGN505.52 million. Access Bank was the second most traded stock today with over 50.72 million units worth over NGN391.23 million. Fidelity Bank was next on the list, trading 35.18 million units worth NGN75.10 million.
Ecobank was the fourth on the most traded stock list, closing the market with over 24.14 million units traded at a cost of over NGN121.17 million, while UBA completed the top five list with over 20.49 million units traded today, worth NGN147.11 million.
