STOCK MARKET REPORT FOR 8TH OF FEBRUARY, 2019
A total turnover of 1.894 billion shares worth N26.884 billion in 19,213 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.452 billion shares valued at N14.788 billion that exchanged hands last week in 19,318 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.498 billion shares valued at N19.724 billion traded in 12,581 deals; thus contributing 79.10% and 73.37% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 144.426 million shares worth N4.552 billion in 2,484 deals. The third place was Conglomerates Industry with a turnover of 143.320 million shares worth N220.050 million in 998 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 791.318 million shares worth N10.817 billion in 5,046 deals, contributing 41.79% and 40.23% to the total equity turnover volume and value respectively.