STOCK MARKET REPORT FOR MARCH 29TH, 2018
The market opened for four trading sessions this week as the Federal Government of Nigeria declared Friday 30th March 2018(Good Friday) and Monday 2nd April 2018 (Easter Monday) as public holidays.
Meanwhile, a total turnover of 1.541 billion shares worth N16.647 Billion in 18,805 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 25,530 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.024 billion shares valued at N10.946 Billion traded in 11,019 deals; thus contributing 66.44% and 65.75% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 213.704 million shares worth N3.053 Billion in 2,693 deals. The third place was occupied by the Oil and Gas Industry with a turnover of 158.643 million shares worth N908.260 Million in 1,897 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, Champion Breweries Plc and Skye Bank Plc (measured by volume) accounted for 485.832 million shares worth N5.851 Billion in 2,221 deals, contributing 31.53% and 35.15% to the total equity turnover volume and value respectively.