BusinessMarket Ends On Positive, Takes A Day Off

Market Ends On Positive, Takes A Day Off

SAN FRANCISCO, October 29, (THEWILL) – The Nigerian Stock Exchange (NSE) market closed with a NGN15,386 trillion equity capitalisation on Wednesday, higher than the NGN15,147 trillion recorded on Tuesday.

The All-Share Index reached 29,437.60 index points, higher than the 28,980.29 All-Share Index of Tuesday as the market takes a break on Thursday which has been declared a public holiday.

With 5,947 deals on Wednesday, the market closed higher than the 5,283 deals it closed with on Tuesday, October 27, 2020. The volume reached 375,24 million units at the close of the market on Wednesday, lower than the 385.59 million units it closed with on Tuesday.

The value of trades recorded on Wednesday was NGN4,634 billion, higher than the NGN2,914 billion of Tuesday. Meanwhile, on Wednesday,

Nestle led the top gainers’ chart after its stock price gained NGN117.5 kobo to close trading at NGN1292.5 kobo per share after opening today’s trading with NGN1175 per share.

Total was second on the table, as its stock price gained NGN6.7 kobo to close the market with NGN118.9 kobo per share, having started trading today with NGN112.2 kobo per share.

Dangote Cement was the third top gainer as its stock price closed the market with a NGN3.3 kobo gain to move from the opening price of NGN152 per share to NGN155.3 kobo per share.

On the top of the losers’ list is Cutix, which had begun trading earlier today at NGN1.9 per share, only to drop in price by NGN-0.13% to close at NGN1.77 kobo per share at the end of trading today.

African Prudential was second on the chart after closing at NGN5.85 kobo per share from its opening trade price of NGN5.9 kobo per share; this represents a drop of -0.85%.

Royal Exchange share price fell by -8.00% as its share price closed trading at NGN0.23 kobo per share, lower than the NGN0.25 kobo per share it opened with.

The top traded stock in the market was Zenith Bank, which traded a volume of over 46.66 million units worth NGN1.003 billion.

Fidelity Bank was the second most traded stock today with over 33.46 million units worth over NGN76.05 million. Ecobank was next on the list, trading 27.53 million units worth NGN157.01 million.

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