STOCK MARKET REPORT FOR MARCH 10TH 2017
A total turnover of 1.024 billion shares worth N12.464 billion in 16,400 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.387 billion shares valued at N13.726 billion that exchanged hands last week in 15,422 deals.
The Financial Services Industry (measured by volume) led the activity chart with 850.758 million shares valued at N7.083 billion traded in 10,358 deals; thus contributing 83.12% and 56.83% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 78.421 million shares worth N3.900 billion in 2,545 deals. The third place was occupied by Conglomerates Industry with a turnover of 46.196 million shares worth N70.668 million in 536 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 412.251 million shares worth N4.234 billion in 4,633 deals, contributing 40.27% and 33.97% to the total equity turnover volume and value respectively.