STOCK MARKET REPORT FOR 8TH OF NOVEMBER, 2019
A total turnover of 2.063 billion shares worth N18.431 Billion in 16,778 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.511 Billion shares valued at N16.193 Billion that exchanged hands last week in 15,544 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.833 billion shares valued at N12.367 Billion traded in 11,116 deals; thus contributing 88.82% and 67.10% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 102.535 million shares worth N2.236 Billion in 1,148 deals. The third place was Consumer Good Industry with a turnover of 46.061 million shares worth N1.676 Billion in 1,965 deals.
Trading in the Top Three Equities namely, Jaiz Bank Plc, Access Bank Plc and Zenith Bank Plc (measured by volume) accounted for 1.118 billion shares worth N8.018 Billion in 4,492 deals, contributing 54.18% and 43.50% to the total equity turnover volume and value respectively.