STOCK MARKET REPORT FOR 31ST OF AUGUST, 2018
A total turnover of 1.533 billion shares worth N23.026 billion in 17,009 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 968.947 million shares valued at N10.246 billion that exchanged hands last week in 9,654 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.218 billion shares valued at N12.634 billion traded in 10,132 deals; thus contributing 79.42% and 54.87% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 70.807 million shares worth N120.611 million in 803 deals.
The third place was occupied by Consumer Goods Industry with a turnover of 58.505 million shares worth N3.422 billion in 2,624 deals. Trading in the Top Three Equities namely – Nem Insurance Plc, Diamond Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 512.615 million shares worth N1.928 billion in 1,818 deals, contributing 33.44% and 8.38% to the total equity turnover volume and value respectively.