STOCK MARKET REPORT FOR DECEMBER 16TH 2016

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STOCK MARKET REPORT FOR DECEMBER 16TH 2016

It was a four-day trading week as the Federal Government of Nigeria declared Monday 12th of December, 2016 as Public Holiday in commemoration of the Eid-el-Maulud Celebration.

Meanwhile, a turnover of 1.656 billion shares worth #12.580 billion in 12,860 deals were traded this week by investors on the floor of the exchange in contrast to a total of 894.759 million shares valued at #10.629 billion that exchanged hands last week in 13,418 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.504 biliion shares valued at #6.83 billion traded in 7,311 deals; thus contributing 90.82% and 49.15% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 51.395 million shares worth #4.753 billion in 2,027 deals. The third place was occupied by the Conglomerates Industry with a turnover of 46.282 million shares worth #52.408 million in 553 deals.

Trading in the Top Three Equities namely- Union Bank Nigeria Plc, United Bank for Africa Plc and FCMB Group Plc (measured by volume) accounted for 865.701 million shares worth #3.370 billion in 999 deals, contributing 52.26% and 26.79% to the total equity turnover volume and value respectively.nse-16th-dec

This was culled from Nigeria Stock Exchange website, for further inquiries contact: Market Operations Department, Nigeria Stock Exchange

http://www.nse.com.ng/market_data-site/other-market-information-site/WeekMarket Report/Weekly Market Report

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