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Home BUSINESS & ECONOMY CAPITAL MARKET NSE Weeps as ASI Drops, Airtel Africa Rakes in Profit
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NSE Weeps as ASI Drops, Airtel Africa Rakes in Profit

November 16, 2020
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    Stock Market Increases By N534bn As Trading Resumes

    The Nigerian Stock Exchange (NSE) market on Monday, 16th November 2020, suffered a drop in its all-share-index at 34,774.08, whereas an all-share-index of 35,037.46 was recorded on Friday.

    On Monday the market lost over ₦138 million of equity capital, on Monday the market recorded a capital of  ₦18,170 trillion, meanwhile, on Friday ₦18,308 trillion was recorded.

    READ ALSO: Stanbic IBTC Pension Managers Highlights Unique Transfer Window Opportunity

    The market deals on Monday recorded  34,774.08 deals, which is over 21,000 deals than was recorded on Friday at 13,433 deals.

    On Monday a volume of 668,531,406 was recorded which is lower than Friday’s volume at 1,192,804,641.

    ASI 34,774.08
    DEALS 10,319.00
    VOLUME 668,531,406.00
    VALUE ₦7,849,218,445.68
    EQUITY CAP ₦18,170,505,827,376.16
    BOND CAP ₦17,750,423,471,422.70
    ETF CAP ₦23,474,663,842.28

    TOP 5 GAINERS

    Airtel Africa on Friday, November 13, 2020, and Monday, November 16, 2020, led the gainers’ market. On Monday, a total profit of 2.06%, selling each unit at the beginning of the market at ₦489.9, closing the market with ₦500 and raking in ₦10.1.

    Next on the gainers’ list is BuaCement. On Friday BuaCement raked in a profit of 1.66%, however, on Monday a better profit was recorded at 7.69%. At the beginning of Monday’s market, each unit was sold for ₦52 and the market closed with each unit selling for ₦56.

    Ardova sealed its spot on the list raking in a profit of 8.11%. At the opening of the market, ₦14.8 was the amount that each unit was sold for and the market ended with ₦16.

    Bocgas opened the market selling each unit for ₦4.84, gaining 0.48 kobo and ending the sales with ₦5.32. A total profit of 9.92% was harvested.

    Neimeth gained 0.24 kobo during Monday’s sales, opening at ₦2.67 per unit and ending with ₦2.91, enjoying a profit of 8.99%.

    AIRTELAFRI ₦489.9 ₦500 10.1 2.06%
    BUACEMENT ₦52 ₦56 4 7.69%
    ARDOVA ₦14.8 ₦16 1.2 8.11%
    BOCGAS ₦4.84 ₦5.32 0.48 9.92%
    NEIMETH ₦2.67 ₦2.91 0.24 8.99%

    TOP 5 LOSERS

    NB leads the loser’s list with a loss of -₦5.1 during the sales, opening with ₦63.1, ending with ₦58 and losing a total of -8.08%.

    Dangote Sugar lost ₦2.2 during the trade, losing a total of -9.91%. The market opened with each unit been sold for ₦22.2 and ending with ₦20.

    WAPCO is next on the losers’ list, losing ₦2.1 during the trading of the market. WAPCO sold each unit for ₦24.1 at the beginning of trade and ended with ₦22.

    Flourmill at the commencement of the trade sold each unit for ₦29.95, losing ₦1.9 during the trade and ₦28.05 at the end. -6.34% was lost in total.

    Zenith bank marked its spot on the list with a loss of -4.24%. Zenith bank began trading this week with ₦27.15 per unit, closing with ₦26 and weeping for a total loss of -4.24%.

    NB ₦63.1 ₦58 -5.1 -8.08%
    DANGSUGAR ₦22.2 ₦20 -2.2 -9.91%
    WAPCO ₦24.1 ₦22 -2.1 -8.71%
    FLOURMILL ₦29.95 ₦28.05 -1.9 -6.34%
    ZENITHBANK ₦27.15 ₦26 -1.15 -4.24%

    TOP 5 TRADES

    ZENITHBANK 94,033,702 ₦2,509,764,977.60
    TRANSCORP 75,481,522 ₦82,990,060.15
    FBNH 65,223,303 ₦499,297,288.10
    UBA 60,103,552 ₦524,521,153.90
    ACCESS 50,291,819 ₦449,474,021.20
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      Adepeju Aina
      Adepeju Aina is a writer, content creator and photographer. Adepeju is an ambivert. She has a lot of experience in writing, content creation, public relations and advertising. She can be reached via adepeju.a@bizwatchnigeria.ng.

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