STOCK MARKET REPORT FOR 21ST OF JUNE, 2019
A total turnover of 7.476 billion shares worth N91.107 Billion in 17,192 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 868.739 million shares valued at N15.792 Billion that exchanged hands last week in 12,201 deals.
The Financial Services Industry (measured by volume) led the activity chart with 6.121 billion shares valued at N17.460 Billion traded in 8,479 deals; thus contributing 81.87% and 19.16% to the total equity turnover volume and value respectively. The Oil & Gas Industry followed with 1.002 billion shares worth N65.058 Billion in 2,019 deals. The third place was ICT Industry with a turnover of 115.320 million shares worth N3.387 Billion in 866 deals.
Trading in the Top Three Equities namely, Wema Bank Plc, Forte Oil Plc and Zenith Bank Plc (measured by volume) accounted for 6.573 billion shares worth N77.492 Billion in 2,895 deals, contributing 87.91% and 85.06% to the total equity turnover volume and value respectively.