STOCK MARKET REPORT FOR MAY 17TH 2019
A total turnover of 1.172 billion shares worth N17.887 billion in 18,380 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.477 billion shares valued at N10.876 billion that exchanged hands last week in 20,740 deals.
The Financial Services Industry (measured by volume) led the activity chart with 680.592 million shares valued at N7.395 billion traded in 11,035 deals; thus contributing 58.09% and 41.34% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 266.636 million shares worth N818.249 million in 1,152 deals. The third place was ICT Industry with a turnover of 82.390 million shares worth N6.085 billion in 346 deals.
Trading in the Top Three Equities namely, Transnational Corporation of Nigeria Plc, Access Bank Nigeria Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 421.064 million shares worth N4.681 billion in 3,073 deals, contributing 35.94% and 26.17% to the total equity turnover volume and value respectively.