STOCK MARKET REPORT FOR 17TH OF AUGUST, 2018
A total turnover of 1.147 billion shares worth N12.546 Billion in 16,649 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 925.630 million shares valued at N8.333 billion that exchanged hands last week in 15,565 deals.
The Financial Services Industry (measured by volume) led the activity chart with 891.785 million shares valued at N8.251 Billion traded in 9,187 deals; thus contributing 77.78% and 65.77% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 79.149 million shares worth N2.631 Billion in 2,931 deals. The third place was occupied by Conglomerates Industry with a turnover of 60.294 million shares worth N93.993 Million in 694 deals.
Trading in the Top Three Equities namely – Nem Insurance Plc, United Bank for Africa Plc and Mansard Insurance Plc (measured by volume) accounted for 360.623 million shares worth N1.967 Billion in 970 deals, contributing 31.45% and 15.68% to the total equity turnover volume and value respectively.