STOCK MARKET REPORT FOR 11TH OF JANUARY, 2019
A total turnover of 1.265 billion shares worth N14.074 Billion in 19,278 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.647 billion shares valued at N8.413 Billion that exchanged hands last week in 14,773 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.072 Billion shares valued at N8.795 Billion traded in 12,287 deals; thus contributing 84.73% and 62.49% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 83.595 million shares worth N155.485 Million in 750 deals. The third place was occupied by Consumer Goods Industry with a turnover of 50.537 million shares worth N3.432 Billion in 2,576 deals.
Trading in the Top Three Equities namely – Diamond Bank Plc, FBN Holdings Plc and Custodian Investment Plc (measured by volume) accounted for 465.000 million shares worth N2.044 Billion in 2,448 deals, contributing 36.75% and 14.53% to the total equity turnover volume and value respectively.