STOCK MARKET REPORT FOR MAY 19TH, 2017
A total turnover of 2.271 billion shares worth N32.674 billion in 20,710 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.255 billion shares valued at N28.738 billion that exchanged hands last week in 25,370 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.843 billion shares valued at N17.715 billion traded in 12,119 deals; thus contributing 81.19% and 54.26% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 119.755 Million shares worth N5.198 billion in 2,599 deals. The third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares worth N273.785 million in 1,109 deals.
Trading in the Top Three Equities namely –Access Bank plc, Zenith International Bank Plc and FBN Holdings Plc (measured by volume) accounted for 998.849 million shares worth N10.412 billion in 4,831 deals, contributing 43.98% and 31.89% to the total equity turnover volume and value respectively.