STOCK MARKET REPORT FOR 18TH OF APRIL, 2019
The market opened for four trading days this week as the Federal Government of Nigeria declared Friday 19th April 2019 (Good Friday) and Monday 22nd April 2019 (Easter Monday) Public Holidays to mark the end of the Lenten season and Easter celebrations.
Meanwhile, a total turnover of 988.692 million shares worth N11.432 Billion in 13,596 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.770 billion shares valued at N15.264 Billion that exchanged hands last week in 17,015 deals.
The Financial Services Industry (measured by volume) led the activity chart with 766.191 million shares valued at N7.261 Billion traded in 7,820 deals; thus contributing 77.50% and 63.51% to the total equity turnover volume and value respectively. The ICT Industry followed with 74.769 million shares worth N24.600 Million in 212 deals. The third place was Consumer Goods Industry with a turnover of 48.022 million shares worth N3.095 Billion in 2,374 deals.
Trading in the Top Three Equities namely, Union Bank of Nigeria Plc, Access Bank Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 355.043 million shares worth N4.845 Billion in 2,133 deals, contributing 35.91% and 42.38% to the total equity turnover volume and value respectively.