STOCK MARKET REPORT FOR OCTOBER 2ND 2020
The market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday to mark the Nations 60th Independence Anniversary A total turnover of 1.532 billion shares worth N16.901 billion in 17,882 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.567 billion shares valued at N20.559 billion that exchanged hands last week in 18,396 deals. The Financial Services industry (measured by volume) led the activity chart with 1.292 billion shares valued at N10.562 billion traded in 10,046 deals; thus contributing 84.29% and 62.49% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 62.395 million shares worth N89.205 million in 453 deals. The third place was the Industrial Goods industry, with a turnover of 55.168 million shares worth N2.976 billion in 1,752 deals. Trading in the top three equities namely Zenith Bank Plc, Sterling Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 815.646 million shares worth N7.311 billion in 4,461 deals, contributing 53.22% and 43.26% to the total equity turnover volume and value respectively.