STOCK MARKET REPORT FOR 7TH OF MAY, 2021
The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 3rd May 2020 a Public Holiday to mark the Workers Day Anniversary.
Meanwhile, a total turnover of 1.419 billion shares worth N15.918 Billion in 18,459 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.441 billion shares valued at N10.883 Billion that exchanged hands last week in 19,614 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.069 billion shares valued at N9.531 Billion traded in 10,907 deals; thus contributing 75.34% and 59.88% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 60.762 million shares worth N2.005 Billion in 1,070 deals. The third place was Consumer Goods Industry, with a turnover of 57.023 million shares worth N1.029 Billion in 2,831 deals.
Trading in the top three equities namely Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 609.988 million shares worth N6.593 Billion in 4,870 deals, contributing 43.00% and 41.42% to the total equity turnover volume and value respectively.