STOCK MARKET REPORT FOR 4TH OF MAY, 2018
It was a four-day trading session this week as the Federal Government of Nigeria declared Tuesday, 1st of May 2018 a public holiday to mark the Workers Day Celebration.
Meanwhile, a total turnover of 1.331 billion shares worth N20.835 Billion in 18,695 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.825 billion shares valued at N24.653 Billion that exchanged hands last week in 23,148 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.042 billion shares valued at N11.275 Billion traded in 9,665 deals; thus contributing 78.32% and 54.11% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 84.124 million shares worth N4.322 Billion in 3,691 deals. The third place was occupied by Oil and Gas Industry with a turnover of 51.918 million shares worth N596.463 million in 2,307 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Mutual Benefits Assurance Plc and Access Bank Plc (measured by volume) accounted for 457.930 million shares worth N3.784 Billion in 1,469 deals, contributing 34.41% and 18.16% to the total equity turnover volume and value respectively.