STOCK MARKET REPORT FOR 20TH OF JULY, 2018
A total turnover of 1.665 billion shares worth N14.834 Billion in 18,795 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.219 billion shares valued at N17.333 Billion that exchanged hands last week in 17,362 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.056 billion shares valued at N10.224 Billion traded in 10,056 deals; thus contributing 63.45% and 68.93% to the total equity turnover volume and value respectively. The Services Industry followed with 264.289 million shares worth N549.693 Million in 529 deals. The third place was occupied by Conglomerates Industry with a turnover of 134.374 million shares worth N199.566 million in 1,286 deals.
Trading in the Top Three Equities namely – Sterling Bank Plc, Medview Airline Plc and Zenith International Bank Plc (measured by volume) accounted for 719.386 million shares worth N4.209 Billion in 1,961 deals, contributing 43.20% and 28.38% to the total equity turnover volume and value respectively.