STOCK MARKET REPORT FOR 23RD AUGUST 2019
A total turnover of 2.337 billion shares worth N19.712 billion in 18,379 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 726.607 million shares valued at N10.459 billion that exchanged hands last week in 12,915 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.815 billion shares valued at N10.441 billion traded in 10,701 deals; thus contributing 77.70% and 52.97% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 197.802 million shares worth N286.209 million in 1,066 deals. The third place was Industrial Goods industry with a turnover of 100.366 million shares worth N2.176 billion in 788 deals.
Trading in the Top Three Equities namely, Sovereign Trust Insurance Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc (measured by volume) accounted for 1.244 billion shares worth N3.348 billion in 2,907 deals, contributing 53.25% and 16.98% to the total equity turnover volume and value respectively.