STOCK MARKET REPORT FOR JUNE 14, 2018
It was a four-day trading session this week as Federal Government of Nigeria declared Friday 15th & Monday 18th June 2018 to mark the end of the Month of Ramadan to commemorate the idl-fitri Celebrations.
Meanwhile, a total turnover of 1.738 billion shares worth N18.462 Billion in 14,790 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.749 Billion shares valued at N31.183 billion that exchanged hands last week in 24,604 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.170 billion shares valued at N9.695 billion traded in 7,809 deals; thus contributing 67.35% and 52.51% to the total equity turnover volume and value respectively. The Services Industry followed with 293.492 Million shares worth N733.407 Million in 531 deals. The third place was occupied by Consumer Goods Industry with a turnover of 154.093 Million shares worth N4.997 Billion in 3,002 deals.
Trading in the Top Three Equities namely –United Capital Plc, Ikeja Hotel Plc, United Bank for Africa Plc (measured by volume) accounted for 811.747 Million shares worth N3.887 Billion in 986 deals contributing 46.71% and 21.05% to the total equity turnover volume and value respectively.