STOCK MARKET REPORT FOR MAY 5TH, 2017
It was a four-day trading week as the Federal Government of Nigeria declared Monday 1th and Monday as Public Holiday to mark the 2017 worker’s Day celebrations.
Meanwhile, a total turnover of 1.154 billion shares worth N10.439 billion in 16,676 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.333 million shares valued at N9.671 billion that exchanged hands last week in 16,300 deals.
The Financial Services Industry (measured by volume) led the activity chart with 813.016 billion shares valued at N6.904 billion traded in 10,298 deals; thus contributing 70.45% and 16.13% to the total equity turnover volume and value respectively. The Oil and Gas industry followed with 106.566 million shares worth N1.063 billion in 1,356 deals. The third place was occupied by Services Industry with a turnover of 90.940 million shares worth N188.204 million in 660 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, FBN Holdings Plc and Oando Plc (measured by volume) accounted for 385.893 million shares worth N3.816 billion in 4,005 deals, contributing 33.44% and 36.55% to the total equity turnover volume and value respectively.