STOCK MARKET REPORT FOR NOVEMBER 30TH, 2017
It was a four-day trading week as the Federal Government of Nigeria declared Friday, 1 December, 2017 as a Public Holiday to mark Eid-el-Maulud celebration.
Meanwhile, a total turnover of 14.257 billion shares worth N35.056 Billion in 17,379 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.182 billion shares valued at N22.795 Billion that exchanged hands last week in 17,019 deals.
The Conglomerates Industry (measured by volume) led the activity chart with 11.396 billion shares valued at N14.534 Billion traded in 890 deals; thus contributing 79.94% and 41.46% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 2.484 billion shares worth N9.797 Billion in 9,205 deals. The third place was occupied by Consumer Goods Industry with a turnover of 164.156 million shares worth N8.127 Million in 4,405 deals.
Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 12.998 billion shares worth N15.494 Billion in 1,813 deals, contributing 91.17% and 44.20% to the total equity turnover volume and value respectively.