STOCK MARKET REPORT FOR 22ND OF MAY, 2020
A total turnover of 1.718 billion shares worth N18.849 Billion in 26,367 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 926.418 million shares valued at N9.768 Billion that exchanged hands last week in 20,910 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.273 billion shares valued at N11.362 billion traded in 13,808 deals; thus contributing 74.08% and 60.28% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 102.377 million shares worth N3.194 billion in 2,956 deals. The third place was the Healthcare Industry with a turnover of 99.620 million shares worth N493.348 Billion in 1,194 deals.
Trading in the Top Three Equities namely, Zenith Bank Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 673.104 million shares worth N6.803 Billion in 5,927 deals, contributing 39.18% and 36.09% to the total equity turnover volume and value respectively.