STOCK MARKET REPORT FOR 18TH OF MAY, 2018
A total turnover of 1.457 billion shares worth N23.666 Billion in 19,674 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.586 billion shares valued at N25.992 Billion that exchanged hands last week in 21,115 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.223 billion shares valued at N16.825 Billion traded in 11,092 deals; thus contributing 83.98% and 71.09% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 76.430 million shares worth N5.188 Billion in 3,425 deals. The third place was occupied by Oil and Gas Industry with a turnover of 57.193 million shares worth N527.880 million in 2,237 deals.
Trading in the Top Three Equities namely – Zenith Bank International Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 491.649 million shares worth N14.159 Billion in 3,265 deals, contributing 33.75% and 59.83% to the total equity turnover volume and value respectively.