STOCK MARKET REPORT FOR 9TH AUGUST 2019
A total turnover of 1.081 billion shares worth N12.014 billion in 16,246 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 759.266 million shares valued at N14.038 billion that exchanged hands last week in 16,209 deals.
The Financial Services industry (measured by volume) led the activity chart with 900.334 million shares valued at N9.076 billion traded in 8,693 deals; thus contributing 83.30% and 75.54% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 51.224 million shares worth N64.388 million in 897 deals. The third place was Consumer Goods Industry with a turnover of 40.906 million shares worth N946.210 million in 3,090 deals.
Trading in the Top Three Equities namely, Sterling Bank Plc., Guaranty Trust Bank Plc. and Access Bank Plc. (measured by volume) accounted for 511.856 million shares worth N6.133 billion in 2,074 deals, contributing 47.36% and 51.05% to the total equity turnover volume and value respectively.