STOCK MARKET REPORT FOR 5TH OF OCTOBER, 2018
The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 1st October 2018 a Public Holiday to mark the 58th Independence Anniversary. Meanwhile, a total turnover of 639.317 million shares worth N7.842 billion in 10,477 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 924.546 million shares valued at N14.194 billion that exchanged hands last week in 14,119 deals.
The Financial Services Industry (measured by volume) led the activity chart with 517.865 million shares valued at N4.654 billion traded in 5,977 deals; thus contributing 81.00% and 59.35% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 54.733 million shares worth N2.526 billion in 1,703 deals. The third place was Conglomerates Industry with a turnover of 14.752 million shares worth N25.560 million in 452 deals.
Trading in the Top Three Equities namely – First City Monument Bank, Fidelity Bank Plc and Guaranty Trust Bank Plc, (measured by volume) accounted for 267.466 million shares worth N2.592 billion in 1,733 deals, contributing 42.00 % and 33.05% to the total equity turnover volume and value respectively.