STOCK MARKET REPORT FOR FEBRUARY 9TH, 2018

 In Investor News

A total turnover of 4.426 Billion shares worth N24.236 Billion in 29,573 deals were traded this week by Investors on the floor of the Exchange in contrast to a total of 3.268 billion shares valued at N28.123 Billion that exchanged hands last week in 35,761 deals.

The Financial Services Industry (measured by volume) led the activity chart with 4.005 billion shares valued at N16.501 Billion traded in 19,035 deals; thus contributing 90.49% and 68.08% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 167.723 million shares worth N464.656 million in 1,568 deals. The third place was occupied by Consumer Goods Industry with a turnover of 137.657 million shares worth N5.334 Billion in 4,982 deals.

Trading in the Top Three Equities namely – Sterling Bank Plc, Skye Bank Plc and FCMB Group Plc (measured by volume) accounted for 2.520 billion shares worth N5.277 Billion in 3,000 deals, contributing 56.95% and 21.77% to the total equity turnover volume and value respectively.

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