STOCK MARKET REPORT FOR 22ND OF JUNE, 2018
It was a four-day trading session this week as the Federal Government of Nigeria declared Friday June 15th and Monday June 18th 2018 public holidays to commemorate the Eid-al-Fitr celebrations.
Meanwhile, a total turnover of 1.097 billion shares worth N15.471 Billion in 16,288 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.738 billion shares valued at N18.462 Billion that exchanged hands last week in 14,790 deals.
The Financial Services Industry (measured by volume) led the activity chart with 816.547 million shares valued at N9.425 Billion traded in 9,263 deals; thus contributing 74.44% and 60.92% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 76.361 million shares worth N2.992 Billion in 2,545 deals. The third place was occupied by Oil & Gas Industry with a turnover of 51.600 million shares worth N594.590 million in 1,744 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Zenith International Bank Plc and FBN Holdings Plc (measured by volume) accounted for 325.580 million shares worth N4.854 Billion in 3,381 deals, contributing 29.68% and 31.37% to the total equity turnover volume and value respectively.