STOCK MARKET REPORT FOR SEPTEMBER 11TH 2020
A total turnover of 1.226 billion shares worth N10.842 billion in 19,529 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.209 billion shares valued at N10.957 billion that exchanged hands last week in 18,013 deals. The Financial Services industry (measured by volume) led the activity chart with 980.482 million shares valued at N6.987 billion traded in 11,634 deals; thus contributing 79.99% and 64.44% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 59.758 million shares worth N72.458 million in 550 deals. The third place was the Consumer Goods industry, with a turnover of 58.869 million shares worth N1.349 billion in 2,862 deals. Trading in the top three equities namely Custodian Investment Plc, Zenith Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 404.171 million shares worth N3.847 billion in 3,910 deals, contributing 32.97% and 35.48% to the total equity turnover volume and value respectively.