STOCK MARKET REPORT FOR 12TH JULY 2019
A total turnover of 988.491 million shares worth N13.839 billion in 16,414 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.025 billion shares valued at N9.911 billion that exchanged hands last week in 19,375 deals.
The Financial Services industry (measured by volume) led the activity chart with 769.350 million shares valued at N7.238 billion traded in 8,530 deals; thus contributing 77.83% and 52.30% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 55.223 million shares worth N92.483 million in 719 deals. The third place was ICT Industry with a turnover of 42.080 million shares worth N4.144 billion in 839 deals.
Trading in the Top Three Equities namely, Zenith Bank Plc, FBN Holdings Plc and Wapic Insurance Plc (measured by volume) accounted for 348.839 million shares worth N3.520 billion in 2,703 deals, contributing 35.29% and 25.44% to the total equity turnover volume and value respectively.