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The downturn in the Nigerian equity market continued on Tuesday as volume and value of stocks traded plunged by a minimum of 30%

STOCK MARKET REPORT, November 24, 2020.

Obi Chibueze, Abuja.

Trading on the floor of the Nigerian Stock Exchange witnessed a fall in the value and volume of stocks traded on Tuesday, after an impressive rise on Monday.

The volume of stocks plunged to three hundred and sixty-five million, four hundred thirteen thousand, eight hundred and fourteen from five hundred and sixty-eight million, thirty-six thousand, seven hundred and seventy-six traded on Monday, a thirty-five point seven zero percent fall

The value also fell from seven billion, three hundred and twenty-six million, one hundred and forty-eight thousand seven hundred and twenty-four point zero eight naira to four billion, six hundred and ninety-one million, seven hundred eighty thousand, eight hundred and seventy-eight point five three. This was a thirty-five point nine six Percent reduction.

The All Share Index however rose to thirty-four thousand three hundred and forty point five six, from thirty-four thousand, one hundred and twenty-one point seven eight traded on Monday, a zero point six five percent rise, with the total deals closing at six thousand three hundred and twenty-five.

UPDC REAL ESTATE INVESTMENT TRUST NIG. PLC was the top gainer among other 36 gainers on the chart. its share price rose from 4.15 naira to 4.55, a nine point six four percent gain per share.

However, ETERNA PLC was the top most loser among other 16 losers. Its share price plunged from 4.61 naira traded on Monday to 4.15, a nine point nine eight percent fall.

TODAY’S TOP GAINERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
updcreit 4.15 4.55 0.4 9.64% 5 249,348 1,134,532.90
ucap 4.2 4.6 0.4 9.52% 203 14,982,320 68,014,176.42
fidelity 2.43 2.66 0.23 9.47% 207 18,482,403 47,591,857.65
mbenefit 0.23 0.25 0.02 8.70% 17 9,172,953 1,981,984.93
cornest 0.58 0.63 0.05 8.62% 8 491,550 309,625.60

 

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TODAY’S TOP LOSERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
ETERNA 4.61 4.15 -0.46 9.98% 37 1,200,345 5,137,262.14
FIDSON 5.4 4.87 -0.53 9.81% 35 387,824 1,936,393.46
CHAMPION 1.06 0.96 -0.1 9.43% 6 206,917 199,540.32
JBERGER 19 17.3 -1.7 8.95% 30 294,953 5,125,572.30
CHAMS 0.24 0.22 -0.02 8.33% 26 3,045,957 673,071.68

Read Also: Black Market Exchange Rate, November 25,2020

 

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