STOCK MARKET REPORT FOR JULY 14TH, 2017
A total turnover of1.272 billion shares worth N13.993 billion in 19,385 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.061 billion shares valued at N12.295 billion that exchanged hands last week in 18,847 deals.
The Financial Services Industry (measured by volume) led the activity chart with1.086 billion shares valued at N9.743 billion traded in 11,229 deals; thus contributing 85.33% and 69.63% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with44.786 million shares worth N1.536 billion in 2,853 deals. The third place was occupied by Conglomerates Industry with a turnover of 38.104 million shares worth N75.759 million in 727 deals.
Trading in the Top Three Equities namely–United Bank for Africa Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 505.388 million shares worth N5.454 billion in 4,009deals, contributing39.73%and 38.98% to the total equity turnover volume and value respectively.