STOCK MARKET REPORT FOR 14TH OF MAY, 2021
It was a brief trading week as the Federal Government of Nigeria declared Wednesday 12th and Thursday 13th May 2021 as Public Holidays to mark the end of holy month of Ramadan and commemorate the Eid al-Fitr celebrations.
Meanwhile, a total turnover of 840.334 million shares worth N9.561 Billion in 13,239 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.419 billion shares valued at N15.918 Billion that exchanged hands last week in 18,459 deals.
The Financial Services Industry (measured by volume) led the activity chart with 541.015 million shares valued at N5.493 Billion traded in 7,824 deals; thus contributing 64.38% and 57.45% to the total equity turnover volume and value respectively. The ICT Industry followed with 90.382 million shares worth N571.642 Million in 500 deals. The third place was Conglomerates Industry, with a turnover of 84.792 million shares worth N512.775 Million in 551 deals.
Trading in the top three equities namely Access Bank Plc, Zenith Bank Plc and Etranzact International Plc (measured by volume) accounted for 284.924 million shares worth N3.470 Billion in 2,533 deals, contributing 33.91% and 36.29% to the total equity turnover volume and value respectively.