STOCK MARKET REPORT FOR 5TH OF APRIL, 2019
A total turnover of 3.544 billion shares worth N20.264 Billion in 19,130 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.629 billion shares valued at N12.794 Billion that exchanged hands last week in 15,558 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.060 billion shares valued at N14.469 Billion traded in 11,738 deals; thus contributing 86.35% and 71.40% to the total equity turnover volume and value respectively. The ICT Industry followed with 253.633 million shares worth N53.707 Million in 277 deals. The third place was occupied by Consumer Goods Industry with a turnover of 65.499 million shares worth N4.356 Billion in 2,732 deals.
Trading in the Top Three Equities namely – Wema Bank Plc, Sterling Bank Plc and Chams Plc (measured by volume) accounted for 2.104 billion shares worth N2.026 Billion in 965 deals, contributing 59.38% and 10.00% to the total equity turnover volume and value respectively.