STOCK MARKET REPORT FOR June 2nd, 2017
It was a four-day trading week as the Federal Government of Nigeria declared Monday 29th May, 2017 as Public Holiday to mark the 2017 Democracy Day celebration.
Meanwhile, a total turnover of 2.319 billion shares worth N23.813 billion in 22,310 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.877 million shares valued at N20.055 billion that exchanged hands last week in 19,979 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.950 billion shares valued at N15.479 billion traded in 14,381 deals; thus contributing 84.12% and 65.00% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 156.358 million shares worth N2.875 billion in 2,804 deals. The third place was occupied by Services Industry with a turnover of 70.452 million shares worth N168.377 million in 739 deals.
Trading in the Top Three Equities namely – Diamond Bank Plc, FBN Holdings Plc and United Bank for African Plc (measured by volume) accounted for 978.710 million shares worth N4.137 billion in 5,028 deals, contributing 42.21% and 17.37% to the total equity turnover volume and value respectively.