STOCK MARKET REPORT FOR APRIL 13TH, 2017
It was a four-day trading week as the Federal Government of Nigeria declared Friday 14th and Monday 17th of April as Public Holidays in commemoration of the Easter celebrations.
Meanwhile, a total turnover of 1.191 billion shares worth N6.037 billion in 11,820 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 786.176 million shares valued at N5.828 billion that exchanged hands last week in 14,343 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.014 billion shares valued at N3.070 billion traded in 6,700 deals; thus contributing 85.07% and 50.86% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 51.888 million shares worth N1.581 billion in 2,025 deals. The third place was occupied by Conglomerates Industry with a turnover of 47.517 million shares worth N66.904 million in 542 deals.
Trading in the Top Three Equities namely – Fidelity Bank Plc, FCMB Group Plc and Standard Trust Assurance Plc (measured by volume) accounted for 679.949 million shares worth N639.862 million in 1,662 deals, contributing 57.06% and 10.60% to the total equity turnover volume and value respectively.