STOCK MARKET REPORT FOR 29TH OF MAY, 2020
It was a brief trading week as the Federal Government of Nigeria declared Monday 25th and Tuesday 26th May 2020 as public holidays to mark the end of holy month of Ramadan and commemorate the Eid -el-Fitr celebrations.
Meanwhile, a total turnover of 1.255 billion shares worth N13.501 Billion in 20,554 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.718 billion shares valued at N18.849 Billion that exchanged hands last week in 26,367 deals.
The Financial Services Industry (measured by volume) led the activity chart with 953.356 million shares valued at N8.236 billion traded in 10,931 deals; thus contributing 75.94% and 61.00% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 64.245 million shares worth N1.785 Billion in 2,000 deals. The third place was the Consumer Goods Industry with a turnover of 62.487 million shares worth N1.434 Billion in 3,427 deals.
Trading in the top three equities namely, FBN Holdings Plc, Zenith Bank Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 494.748 million shares worth N6.618 Billion in 5,566 deals, contributing 39.41% and 49.02% to the total equity turnover volume and value respectively.