STOCK MARKET REPORT FOR 1ST OF JUNE, 2018
It was a four-day trading session this week as the Federal Government of Nigeria declared Tuesday May 29th, 2018 a public holiday to mark the Democracy Day celebration.
Meanwhile, a total turnover of 2.699 billion shares worth N84.775 Billion in 19,715 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.372 billion shares valued at N16.022 Billion that exchanged hands last week in 21,099 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.451 billion shares valued at N78.417 Billion traded in 11,403 deals; thus contributing 90.84% and 92.50% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 76.845 million shares worth N126.358 Million in 835 deals. The third place was occupied by Consumer Goods Industry with a turnover of 64.437 million shares worth N4.427 billion in 3,491 deals.
Trading in the Top Three Equities namely – Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 Billion in 2,882 deals, contributing 60.23% and 82.91% to the total equity turnover volume and value respectively.