STOCK MARKET REPORT FOR 27TH OF JULY, 2018
A total turnover of 1.417 billion shares worth N16.739 Billion in 19,832 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.665 billion shares valued at N14.834 Billion that exchanged hands last week in 18,795 deals.
The Financial Services Industry (measured by volume) led the activity chart with 832.842 Million shares valued at N8.823 Billion traded in 10,851 deals; thus contributing 58.76% and 52.71% to the total equity turnover volume and value respectively. The Services Industry followed with 320.350 million shares worth N679.981 Million in 584 deals. The third place was occupied by Conglomerates Industry with a turnover of 99.403 million shares worth N147.372 million in 1,000 deals.
Trading in the Top Three Equities namely – Medview Airline Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 578.789 million shares worth N5.153 Billion in 2,874 deals, contributing 40.83% and 30.78% to the total equity turnover volume and value respectively.