STOCK MARKET REPORT FOR MARCH 17TH 2017

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STOCK MARKET REPORT FOR MARCH 17TH 2017

A total turnover of 1.029 billion shares worth N7.980 billion in 13,441 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.024 billion shares valued at N12.464 billion that Exchanged hands last week in 16,400 deals.

The Financial Services Industry (measured by volume) led the activity chart with 853.414 million shares valued at N4.269 billion traded in 7,904 deals; thus contributing 82.91% and 53.50% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 80.250 million shares worth N1.151 billion in 1,443 deals. The third place was occupied by the Conglomerates Industry with a turnover of 45.770 million shares worth N83.469 Million in 596 deals.

Trading in the Top Three Equities namely- Diamond Bank Plc, FBN Holdings Plc & Fidelity Bank Plc (measured by volume) accounted for 397.225 million shares worth N546.501 million in 1,680 deals, contributing 38.59% and 6.85% to the total equity turnover volume and value respectively.17

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