STOCK MARKET REPORT FOR 4TH OCTOBER 2019
The market opened for four trading days this week as the Federal Government of Nigeria declared Tuesday 1st October 2019 a Public Holiday to mark the Nations 59th Independence Anniversary. Meanwhile, a total turnover of 660.654 million shares worth N9.189 billion in 12,032 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.097 billion shares valued at N16.693 billion that exchanged hands last week in 14,717 deals.
The Financial Services industry (measured by volume) led the activity chart with 458.190 million shares valued at N5.905 billion traded in 6,720 deals; thus contributing 69.35% and 64.27% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 55.804 million shares worth N124.513 million in 545 deals. The third place was Construction/Real Estate Industry with a turnover of 54.330 million shares worth N62.585 million in 135 deals.
Trading in the Top Three Equities namely, Guaranty Trust Bank Plc, Access Bank Plc and FBN Holdings Plc. (measured by volume) accounted for 280.714 million shares worth N4.909 billion in 2,985 deals, contributing 42.49% and 53.43% to the total equity turnover volume and value respectively.