STOCK MARKET REPORT FOR 3RD OF MAY, 2019
It was another four-day trading week as the Federal Government of Nigeria declared Wednesday 1st May 2019 a Public Holiday to mark the Workers Day celebrations.
Meanwhile, a total turnover of 1.470 billion shares worth N15.498 Billion in 18,092 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.432 billion shares valued at N15.089 Billion that exchanged hands last week in 15,342 deals.
The Financial Services Industry (measured by volume) led the activity chart with 610.138 million shares valued at N5.828 Billion traded in 8,012 deals; thus contributing 41.50% and 37.61% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 227.766 million shares worth N777.211 Million in 1,558 deals. The third place was Consumer Goods Industry with a turnover of 154.760 million shares worth N4.496 Billion in 3,622 deals.
Trading in the Top Three Equities namely, Transnational Corporation of Nigeria Plc, Cement Company of Northern Nigeria Plc and Japaul Oil & Maritime Services Plc (measured by volume) accounted for 403.650 million shares worth N2.103 Billion in 1,124 deals, contributing 27.46% and 13.57% to the total equity turnover volume and value respectively.