STOCK MARKET REPORT FOR 19TH JULY 2019
A total turnover of 1.086 billion shares worth N13.390 billion in 15,774 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 988.491 million shares valued at N13.839 billion that exchanged hands last week in 16,414 deals.
The Financial Services industry (measured by volume) led the activity chart with 829.468 million shares valued at N8.493 billion traded in 8,596 deals; thus contributing 76.41% and 63.42% to the total equity turnover volume and value respectively. The ICT Industry followed with 90.049 million shares worth N851.989 million in 658 deals. The third place was Conglomerates Industry with a turnover of 56.788 million shares worth N84.522 million in 731 deals.
Trading in the Top Three Equities namely, FBN Holdings Plc, Guaranty Trust Bank plc and United Bank for Africa (UBA) Plc (measured by volume) accounted for 420.921 million shares worth N5.516 billion in 3,430 deals, contributing 38.77% and 41.19% to the total equity turnover volume and value respectively.