STOCK MARKET REPORT FOR OCTOBER 6TH, 2017.
It was a four-day trading week as the Federal Government of Nigeria declared Monday, 2nd of October, 2017 as a Public Holiday in commemoration of the 57th Independence Day of the country. Meanwhile, a total turnover of 1.493 billion shares worth N15.107 billion in 14,549 deals were traded this week by Investors on the floor of the Exchange in contrast to a total of 1.326 billion shares valued at N14.086 billion that exchanged hands last week in 14,703 deals.
The Financial Services Industry (measured by volume) led the activity chart with1.288 billion shares valued at N10.121billion traded in 8,334 deals; thus contributing 86.30% and 66.99% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 89.259 million shares worth N3.154 billion in 2,760 deals. The third place was occupied by Conglomerates Industry with a turnover of 49.361 million shares worth N113.737 million in 491 deals.
Trading in the Top Three Equities namely–FCMB Group Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 659.042 million shares worth N1.312 billion in 1,933 deals, contributing 44.14% and 8.69% to the total equity turnover volume and value respectively.