STOCK MARKET REPORT FOR 10TH JANUARY 2019
A total turnover of 2.683 billion shares worth N32.646 billion in 30,956 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.309 billion shares valued at N21.675 billion that exchanged hands last week in 14,906 deals.
The Financial Services industry (measured by volume) led the activity chart with 2.035 billion shares valued at N18.592 billion traded in 18,876 deals; thus contributing 75.87% and 56.95% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 225.720 million shares worth N504.123 million in 1,217 deals. The third place was Consumer Goods industry, with a turnover of 123.382 million shares worth N3.116 billion in 3,403 deals.
Trading in the Top Three Equities namely, United Bank for Africa Plc, Zenith Bank Plc and Wapic Insurance Plc. (measured by volume) accounted for 934.661 million shares worth N10.925 billion in 7,194 deals, contributing 34.84% and 33.46% to the total equity turnover volume and value respectively.