Stock Market: Market begins new week with upward swing

The Nigerian stock market closed at 3,737 deals today, Monday, August 24, 2020, higher than the 3,194 deals it closed with on Friday, August 21, 2020.

In the same vein, the volume reached 251.1 million units at the close of the market today, higher than the 158.6 million units it closed with on Friday while the value of trades recorded was NGN2.3 billion and higher than the NGN1.7 billion of Friday.

Meanwhile, the All-Share Index reached 25,229.12 index points today, surpassing the 25,221.87 index points it ended trading with on Friday.

Unilever led the top gainers’ chart after its stock price gained NGN1.05 to close trading at NGN15 per share after opening today’s trading with NGN13.95 kobo per share.

Guinness was second on the table, as its stock price gained NGN0.2 kobo to close the market with NGN15.4 kobo per share, having started trading today with NGN15.2 kobo per share.

On the top of the losers’ list was PRESCO, which had begun trading earlier today at NGN51 per share, only to drop in price by NGN-2 to close at NGN49 per share at the end of trading today.

WAPCO was second on the chart after closing at NGN11.5 kobo per share from its opening trade price of NGN11.7 kobo per share; this represents a drop of NGN-0.2 kobo.

The top trades in the stock market for today was Transcorp, which traded a volume of over 75 million units worth NGN42.1 million.

Zenith Bank was the second most traded stock today with over 45.4 million units worth over NGN767.6 million while GTBank was next on the list, trading 12.9 million units worth NGN325.2 million.