STOCK MARKET REPORT FOR JANUARY 05TH, 2018
It was a four-day trading week as the Federal Government of Nigeria declared January 1st, 2018 as a public holiday in commemoration of the New Year Celebration.
Meanwhile, a total turnover of 2.417 billion shares worth N18.813 Billion in 20,874 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.310 billion shares valued at N12.635 Billion that exchanged hands last week in 9,016 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.677 billion shares valued at N8.734 Billion traded in 13,033 deals; thus contributing 69.39% and 46.43% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 536.922 million shares worth N1.258 Billion in 1,288 deals. The third place was occupied by Consumer Goods Industry with a turnover of 100.460 million shares worth N6.951 Billion in 3,426 deals.
Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Diamond Bank Plc and Skye Bank Plc and (measured by volume) accounted for 1.193 billion shares worth N1.681 Billion in 2,957 deals, contributing 49.37% and 8.93% to the total equity turnover volume and value respectively.