STOCK MARKET REPORT FOR MARCH 16TH, 2018
A total turnover of 2.444 billion shares worth N36.665 Billion in 26,712 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.079 billion shares valued at N39.990 Billion that exchanged hands last week in 23,086 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.044 billion shares valued at N26.330 Billion traded in 16,788 deals; thus contributing 83.61% and 71.81% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 168.973 million shares worth N8.111 Billion in 4,927 deals. The third place was occupied by the Oil and Gas Industry with a turnover of 94.742 million shares worth N825.871 Million in 1,641 deals.
Trading in the Top Three Equities namely – FBN Holdings Plc, Zenith International Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.084 billion shares worth N17.852 Billion in 7,074 deals, contributing 44.34% and 48.69% to the total equity turnover volume and value respectively.