STOCK MARKET REPORT FOR 7TH JULY 2019
A total turnover of 1.025 billion shares worth N9.911 billion in 19,375 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.771 billion shares valued at N28.036 billion that exchanged hands last week in 18,660 deals.
The Financial Services industry (measured by volume) led the activity chart with 660.844 million shares valued at N5.735 billion traded in 11,296 deals; thus contributing 64.49% and 57.87% to the total equity turnover volume and value respectively. The Healthcare Industry followed with 95.150 million shares worth N61.699 million in 174 deals. The third place was Industrial Goods Industry with a turnover of 89.419 million shares worth N1.416 billion in 1,723 deals.
Trading in the Top Three Equities namely, United Bank For Africa Plc, Zenith Bank Plc and FBN Holdings Plc (measured by volume) accounted for 297.889 million shares worth N3.095 billion in 3,998 deals, contributing 29.07% and 31.23% to the total equity turnover volume and value respectively.