BusinessStock Market: Breweries Lead Gainers List, As Market Closes For The Week

Stock Market: Breweries Lead Gainers List, As Market Closes For The Week

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SAN FRANCISCO, August 21, (THEWILL) – The Nigerian stock market closed at 3,194 deals on Friday, August 21, 2020, higher than the 3,055 deals it closed with on Thursday, August 20, 2020, while the volume reached 158.6 million units at the close of the market lower than the 179.5 million units it closed with on Thursday.

The value of trades recorded today was N1.7 billion, lower than the N2.5 billion of Thursday. However, the All-Share Index reached 25,221.87 index points today, surpassing the 25,204.60 index points it ended trading with on Thursday.

Nigerian Breweries led the top gainers’ chart after its stock price gained NGN1 to close trading at NGN36 per share after opening today’s trading with NGN35 per share.

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International Breweries was second on the table, as its stock price gained NGN0.3 kobo to close the market with NGN3.6 kobo per share, having started trading today with NGN3.3 kobo per share.

On the top of the losers’ list was Okomu Oil, which had begun trading earlier today at NGN80 per share, only to drop in price by NGN-1 to close at NGN79 per share at the end of trading.

Presco was second on the chart after closing at NGN51 per share from its opening trade price of NGN51.5 kobo per share; this represents a drop of NGN-0.5 kobo.

The top trade in the stock market for today was Zenith Bank, which traded a volume of over 19 million units worth NGN321.9 million. First Bank was the second most traded stock today with over 17.8 million units worth over NGN89.4 million.

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