STOCK MARKET REPORT FOR SEPTEMBER 8TH, 2017
It was another four-day trading week as the Federal Government of Nigeria declared Friday,1st and Monday 4thof September, 2017 as Public Holidays in commemoration of the Eid -el-Kabir Sallah Celebrations. Meanwhile, a total turnover of 887.024 million shares worth N17.450 billion in 16,955 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 998.973 million shares valued at N11.455 billion that exchanged hands last week in 13,626 deals.
The Financial Services Industry (measured by volume) led the activity chart with 729.177 million shares valued at N8.816 billion traded in 10,744 deals; thus contributing 82.20% and 50.52% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 68.153 million shares worth N6.692 billion in 2,908 deals. The third place was occupied by Conglomerates Industry with a turnover of 32.109 million shares worth N183.098 million in 687 deals.
Trading in the Top Three Equities namely–Access Bank Plc, Guaranty Trust Bank Plc, Zenith International Bank Plc ( measured by volume) accounted for 320.549 million shares worth N6.909billion in 2,643 deals, contributing 36.14% And 39.59 % to the total equity turnover volume and value respectively.