STOCK MARKET REPORT FOR 26TH OF APRIL, 2019
It was another four-day trading week as the Federal Government of Nigeria declared Monday 22nd April 2019 (Easter Monday) as Public Holiday in commemoration of the Easter celebrations.
Meanwhile, a total turnover of 1.432 billion shares worth N15.089 Billion in 15,342 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 988.692 million shares valued at N11.432 Billion that exchanged hands last week in 13,596 deals.
The Financial Services Industry (measured by volume) led the activity chart with 587.373 million shares valued at N5.092 Billion traded in 8,210 deals; thus contributing 41.02% and 33.75% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 326.457 million shares worth N430.320 Million in 1,670 deals. The third place was Construction/Real Estate Industry with a turnover of 218.458 million shares worth N4.326 Billion in 118 deals.
Trading in the Top Three Equities namely, Japaul Oil & Maritime Services Plc, Julius Berger Nigeria Plc and United Bank for Africa Plc (measured by volume) accounted for 628.055 million shares worth N671.387 Million in 1,810 deals, contributing 43.86% and 33.59% to the total equity turnover volume and value respectively.