STOCK MARKET REPORT FOR NOVEMBER 17TH, 2017
A total turnover of 2.804 billion shares worth N54.776 Billion in 17,792 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.316 billion shares valued at N13.784 Billion that exchanged hands last week in 19,169 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.352 billion shares valued at N8.995 Billion traded in 9,364 deals; thus contributing 83.88% and 16.42% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 178.982 million shares worth N16.849 Billion in 4,297 deals. The third place was occupied by Industrial Goods Industry with a turnover of 140.570 million shares worth N27.848 Billion in 794 deals.
Trading in the Top Three Equities namely – Sovereign Trust Insurance Plc, FBN Holdings Plc and Dangote Cement Plc (measured by volume) accounted for 1.917 billion shares worth N29.875 Billion in 2,130 deals, contributing 68.37% and 54.54% to the total equity turnover volume and value respectively.