STOCK MARKET REPORT FOR 6TH OF MARCH, 2020
A total turnover of 1.814 billion shares worth N26.008 Billion in 23,494 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.547 billion shares valued at N24.263 Billion that exchanged hands last week in 21,464 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.382 billion shares valued at N16.909 Billion traded in 16,275 deals; thus contributing 76.20% and 65.02% to the total equity turnover volume and value respectively. The Services Industry followed with 98.557 million shares worth N263.837 Million in 369 deals. The third place was ICT Industry with a turnover of 89.782 million shares worth N598.016 Million in 800 deals.
Trading in the Top Three Equities namely, Guaranty Trust Bank Plc, Zenith Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 784.482 million shares worth N14.610 Billion in 9,337 deals, contributing 43.25% and 56.17% to the total equity turnover volume and value respectively.