STOCK MARKET REPORT FOR MARCH 2ND, 2018
A total turnover of 2.170 billion shares worth N39.087 Billion in 24,657 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.018 billion shares valued at N21.740 Billion that exchanged hands last week in 25,496 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.534 billion shares valued at N17.670 Billion traded in 15,208 deals; thus contributing 70.69% and 45.21% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 200.405 million shares worth N6.436 Billion in 1,097 deals. The third place was occupied by Conglomerates Industry with a turnover of 188.097 million shares worth N489.453 Million in 998 deals.
Trading in the Top Three Equities namely – FCMB Group Plc, Transnational Corporation of Nigeria Plc and Cement Company of Northern Nigeria Plc (measured by volume) accounted for 617.511 million shares worth N4.086 Billion in 2,090 deals, contributing 28.46% and 10.45% to the total equity turnover volume and value respectively.