The Nigerian Stock Exchange (NSE) market closed with 6,050 deals on Monday, November 2, 2020, lower than the 8,113 deals it closed with on Friday, October 30, 2020. The volume reached 376.65 million units at the close of the market on Monday, lower than the 807.81 million units it closed with on Thursday.
The value of trades recorded on Monday was NGN3,802 billion, lower than the NGN10,501 billion of Friday. Meanwhile, on Monday, the All-Share Index reached 30,479.39 index points, lower than the 30,530.69 All-Share Index of Friday.
The stock market also ended with a NGN15,931 trillion equity capitalisation on Monday, lower than the NGN15,957 trillion recorded on Friday.
Top Five Gainers
Dangote Sugar led the top gainers’ chart after its stock price gained NGN1.35 kobo to close trading at NGN15.15 kobo per share after opening today’s trading with NGN13.8 kobo per share, according to the Nigerian Stock Exchange (NSE) market data seen by AllNews.
Nascon was second on the table, as its stock price gained NGN0.85 kobo to close the market with NGN13.95 kobo per share, having started trading today with NGN13.1 kobo per share.
Flour Mill was the third top gainer as its stock price closed the market with a NGN0.7 kobo gain to move from the opening price of NGN28.15 kobo per share to NGN28.85 kobo per share.
Fidson follows, closing the market with a gain of NGN0.22 kobo to end trading with NGN4.4 kobo per share from the opening share price of NGN4.18 kobo per share.
Glaxo Smith was last on the top five gainers’ table after its share price gained NGN0.2 kobo per share to close trading at NGN6.2 kobo per share, having opened trading at NGN6 per share.
Top Five Losers
On the top of the losers’ list is Mobil, which had begun trading earlier today at NGN196.1 kobo per share, only to drop in price by NGN-6.1 kobo to close at NGN190 per share at the end of trading today.
Ecobank was second on the chart after closing at NGN5.15 kobo per share from its opening trade price of NGN5.65 kobo per share; this represents a drop of NGN-0.5 kobo.
Julius Berger share price fell by NGN-0.45 kobo as its share price closed trading at NGN17.4 kobo per share, lower than the NGN17.85 kobo per share it opened with.
C&I Leasing also recorded a drop in its share price as it declined by NGN-0.44 kobo to close trading at NGN3.96 kobo per share, below the NGN4.4 kobo per share it opened with.
International Breweries completed the top five losers chart after it closed trading with NGN7 per share, declining by NGN-0.37 kobo from the NGN7.37 kobo per share it opened trading with.
Top Five Trades
AllNews learnt that the top trades in the stock market for today were Fidelity Bank, which traded a volume of over 49.89 million units worth NGN122.16 million. Zenith Bank was the second most traded stock today with over 47.03 million units worth over NGN1.03 billion. Dangote Sugar was next on the list, trading 30.94 million units worth NGN465.15 million.
Sterling Bank was the fourth on the most traded stock list, closing the market with over 30.22 million units traded at a cost of over NGN57.61 million, while UBA completed the top five list with over 29.70 million units traded today, worth NGN225.96 million.
