STOCK MARKET REPORT FOR 15TH NOVEMBER 2019
The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 11th November 2019 a Public Holiday to mark the Eid-Ul-Maulud celebrations.
A total turnover of 2.084 billion shares worth N33.867 billion in 21,849 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.063 billion shares valued at N18.431 billion that exchanged hands last week in 16,778 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.705 billion shares valued at N21.555 billion traded in 15,395 deals; thus contributing 81.84% and 63.65% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 188.870 million shares worth N7.445 billion in 1,989 deals.
The third place was Conglomerate industry with a turnover of 82.675 million shares worth N128.662 million in 691 deals. Trading in the Top Three Equities namely, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc. (measured b y volume) accounted for 1.210 billion shares worth N17.048 billion in 7,031 deals, contributing 58.09% and 50.34% to the total equity turnover volume and value respectively.