STOCK MARKET REPORT FOR JULY 21st, 2017
A total turnover of3.628 billion shares worth N34.886 billion in 19,834 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.272 billion shares valued at
N13.993 billion that exchanged hands last week in 19,385 deals.
The Financial Services Industry (measured by volume) led the activity chart with3.393billion shares valued at N28.711 billion traded in 11,237 deals; thus contributing 93.55% and 82.30% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with79.473 million shares worth N3.418billion in 3,101 deals.
The third place was occupied by Conglomerates Industry with a turnover of 70.175 million shares worth N113.486 million in 872 deals. Trading in the Top Three Equities namely–United Bank for Africa Plc, Continental Reinsurance Plc and Niger Insurance Plc.(measured by volume) accounted for 2.515 billion shares worth N20.825 billion in1,191 deals, contributing69.33%and 59.69% to the total equity turnover volume and value respectively.