STOCK MARKET REPORT FOR 11TH OF MAY, 2018
A total turnover of 1.586 billion shares worth N25.992 Billion in 21,115 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.331 billion shares valued at N20.835 Billion that exchanged hands last week in 18,695 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.360 billion shares valued at N20.378 Billion traded in 11,936 deals; thus contributing 85.80% and 78.40% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 52.727 million shares worth N2.125 Billion in 3,301 deals. The third place was occupied by Oil and Gas Industry with a turnover of 50.092 million shares worth N783.716 million in 2,153 deals.
Trading in the Top Three Equities namely – FCMB Plc, Guaranty Trust Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 745.049 million shares worth N17.507 Billion in 2,757 deals, contributing 46.69% and 67.36% to the total equity turnover volume and value respectively.