STOCK MARKET REPORT FOR MARCH 3RD, 2017
A total turnover of 1.387 billion shares worth N13.726 billion in 15,422 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 765.656 million shares valued at N9.717 billion that exchanged hands last week in 12,468 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.224 billion shares valued at N9.080 billion traded in 10,213 deals; thus contributing 88.19% and 66.15% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 52.016 million shares worth N3.435 billion in 2,311 deals. The third place was occupied by Conglomerates Industry with a turnover of 41.515 million shares worth N63.506 million in 586 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, Continental Reinsurance Plc and United Bank for African Plc (measured by volume) accounted for 738.698 million shares worth N6.910 billion in 4,205 deals, contributing 53.24% and 50.34% to the total equity turnover volume and value respectively.