STOCK MARKET REPORT FOR 28TH OF DECEMBER, 2018
It was a brief trading week as the market opened for three days in observance of the public holidays (Tuesday 25th and Wednesday 26th December 2018) declared by the Federal Government of Nigeria to mark the Christmas celebrations.
Meanwhile, a total turnover of 3.129 billion shares worth N14.348 billion in 10,394 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.472 billion shares valued at N18.678 billion that exchanged hands last week in 15,610 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.578 billion shares valued at N9.397 billion traded in 5,631 deals; thus contributing 82.38% and 65.49% to the total equity turnover volume and value respectively. The Services Industry followed with 385.985 million shares worth N974.145 million in 236 deals.The third place was Conglomerates Industry with a turnover of 88.808 million shares worth N141.884 million in 613 deals.
Trading in the Top Three Equities namely NEM Insurance Plc, WEMA Bank Plc, and Medview Airline Plc, (measured by volume) accounted for 2.415 billion shares worth N5.536 billion in 291 deals, contributing 77.18% and 38.58% to the total equity turnover volume and value respectively.