STOCK MARKET REPORT FOR APRIL 6TH, 2018
It was another four-day trading week, as the Federal Government of Nigeria declared Monday, 2nd of April 2018 as a public holiday for the Easter celebrations.
Meanwhile, a total turnover of 1.765 billion shares worth N26.562 Billion in 20,265 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.328 billion shares valued at N28.927 Billion that exchanged hands last week in 26,530 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.468 billion shares valued at N18.707 Billion traded in 12,850 deals; thus contributing 83.18% and 70.43% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 127.882 million shares worth N623.871 Million in 971 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 69.868 million shares worth N6.189 Billion in 2,930 deals.
Trading in the Top Three Equities namely –Zenith International Bank Plc, Access Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 543.758 million shares worth N9.739 Billion in 3,533 deals, contributing 30.81% and 36.66% to the total equity turnover volume and value respectively.