STOCK MARKET REPORT FOR October 8TH, 2017
A total turnover of1.394 billion shares worth N16.403 billion in 19,195 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 872.892 million shares valued at N14.016 billion that exchanged hands last week in 19,047 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.116 billion shares valued at N10.153 billion traded in 9,942 deals; thus contributing 80.05% and 61.90% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 95.005 million shares worth N3.251 billion in 4,443 deals.
The third place was occupied by Conglomerates Industry with a turnover of90.194 million shares worth N645.159 million in1,136 deals. Trading in the Top Three Equities namely–United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 515.058 million shares worth N4.458 billion in3,088 deals, contributing 36.95%and 27.17% to the total equity turnover volume and value respectively.