STOCK MARKET REPORT FOR 3RD OF JULY, 2020
A total turnover of 961.833 million shares worth N9.181 Billion in 20,058 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 739.375 Million shares valued at N8.563 Billion that exchanged hands last week in 17,248 deals.
The Financial Services Industry (measured by volume) led the activity chart with 618.714 million shares valued at N4.338 Billion traded in 9,669 deals; thus contributing 64.33% and 47.25% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 91.119 million shares worth N2.227 Billion in 3,703 deals. The third place was the Conglomerates Industry with a turnover of 60.640 million shares worth N62.779 Million in 556 deals.
Trading in the Top Three Equities namely, FBN Holdings Plc, Guaranty Trust Bank Plc, and United Bank for Africa Plc (measured by volume) accounted for 275.099 million shares worth N2.818 Billion in 3,497 deals, contributing 28.60% and 30.69% to the total equity turnover volume and value respectively.