STOCK MARKET REPORT FOR FEBRUARY 16TH, 2018
A total turnover of 2.940 billion shares worth N27.924 Billion in 28,570 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.426 billion shares valued at N24.236 Billion that exchanged hands last week in 29,573 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.174 billion shares valued at N17.033 Billion traded in 19,013 deals; thus contributing 73.96% and 61.00% to the total equity turnover volume and value respectively. The Services Industry followed with 232.482 million shares worth N216.990 Million in 734 deals. The third place was occupied by Conglomerates Industry with a turnover of 170.422 million shares worth N499.400 Million in 1,578 deals.
Trading in the Top Three Equities namely – Linkage Assurance Plc, Skye Bank Plc and FCMB Group Plc (measured by volume) accounted for 809.798 million shares worth N1.130 Billion in 2,551 deals, contributing 27.55% and 4.04% to the total equity turnover volume and value respectively.