STOCK MARKET REPORT FOR 3RD JANUARY 2019
The market opened for four trading days this week as the Federal Government of Nigeria declared Wednesday 1st January 2020 a Public Holiday to mark the New Year celebrations. A total turnover of 2.309 billion shares worth N21.675 billion in 14,906 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 735.702 million shares valued at N7.132 billion that exchanged hands last week in 7,138 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.924 billion shares valued at N10.148 billion traded in 9,287 deals; thus contributing 83.31% and 46.82% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 188.538 million shares worth N284.531 million in 530 deals. The third place was Industrial Goods industry, with a turnover of 56.007 million shares worth N4.793 billion in 1,304 deals.
Trading in the Top Three Equities namely, Omoluabi Mortgage Bank Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc. (measured by volume) accounted for 1.131 billion shares worth N3.600 billion in 2,249 deals, contributing 48.98% and 16.61% to the total equity turnover volume and value respectively.