STOCK MARKET REPORT FOR 18TH OF JUNE, 2021
It was a four-day trading week as the Federal Government of Nigeria declared Monday 14th June 2021 as Public Holiday to mark the Democracy Day celebrations.
Meanwhile, a total turnover of 981.147 million shares worth N10.384 billion in 15,001 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.058 billion shares valued at N12.831 billion that exchanged hands last week in 17,854 deals.
The Financial Services Industry (measured by volume) led the activity chart with 695.803 million shares valued at N5.178 billion traded in 8,616 deals; thus contributing 70.92% and 49.86% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 75.879 million shares worth N1.227 billion in 2,263 deals. The third place was Conglomerates Industry, with a turnover of 67,430 million shares worth N367.306 million in 612 deals.
Trading in the top three equities namely Zenith Bank Plc, Sterling Bank Plc and Wema Bank Plc (measured by volume) accounted for 265.649 million shares worth N2.450 billion in 2,742 deals, contributing 27.08% and 23.60% to the total equity turnover volume and value respectively.