STOCK MARKET REPORT FOR AUGUST 31ST, 2017
It was a four-day trading week as the Federal Government of Nigeria declared Friday,1st and Monday 4th of September, 2017 as Public Holidays in commemoration of the Eid -el-Kabir Sallah Celebrations.
Meanwhile, a total turnover of 998.973 million shares worth N11.455 billion in 13,626 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.538 billion shares valued at N24.218 billion that exchanged hands last week in 19,187 deals.
The Financial Services Industry (measured by volume) led the activity chart with 838.247 million shares valued at N5.134 billion traded in 7,884 deals; thus contributing 83.91% and 44.82% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with45.589 million shares worth N3.225 billion in 2,759 deals.
The third place was occupied by Conglomerates Industry with a turnover of 35.563 million shares worth N60.673 million in 627 deals.
Trading in the Top Three Equities namely–Custodian and Allied Plc, Sovereign Trust Insurance Plc
and Fidelity Bank Plc. (measured by volume) accounted for 383.065 million shares worth N829.743 million in 650 contributing 38.34% and 7.24%to the equity turnover volume and value respectively.