STOCK MARKET REPORT FOR JULY 7TH, 2017
A total turnover of1.061 billion shares worth N12.295billion in 18,847deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.171 billion shares valued at N11.458 billion that exchanged hands last week in 13,763 deals.
The Financial Services Industry (measured by volume) led the activity chart with 802.195 million
shares valued at N7.331 billion traded in 11,334 deals; thus contributing 75.62% and 59.63% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with109.378 million shares worth N174.604 million in 1,024 deals. The third place was occupied by Consumer Goods Industry with a turnover of 62.992 million shares worth N2.405 billion in 3,021 deals.
Trading in the Top Three Equities namely–Zenith International Bank Plc, Transnational Corporation of Nigeria Plc and FBN Holdings Plc (measured by volume) accounted for 317.099 million shares worth N3.223 billion in 3,823 deals, contributing29.89%and 26.21% to the total equity turnover volume and value respectively.