STOCK MARKET REPORT FOR 7TH OF SEPTEMBER, 2018
A total turnover of 892.725 million shares worth N 13.075 Billion in 15,607 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.533 billion shares valued at N 23.026 billion that exchanged hands last week in 17,009 deals.
The Financial Services Industry (measured by volume) led the activity chart with 757.992 million shares valued at N 9.251 Billion traded in 9,653 deals; thus contributing 84.91% and 70.76% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 43.651 million shares worth N 2.754 Billion in 2,231 deals. The third place was occupied by Oil and Gas Industry with a turnover of 28.892 million shares worth N558.264 million in 1,430 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Guaranty Trust Bank and Stanbic IBTC Bank Plc (measured by volume) accounted for 257.188 million shares worth N6.996 Billion in 2,270 deals, contributing 28.81% and 53.50% to the total equity turnover volume and value respectively.