News Column

Weekly Report - Stock Market Sheds Weight

August 17, 2014

THE weekly data released by the Nigeria Stock Exchange on Friday showed that a turnover of 1.367 billion shares worth N13.295 billion in 23,973 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.430 billion shares valued at N20.185 billion that exchanged hands last week in 26,289 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.053 billion shares valued at N7.267 billion traded in 11,551 deals; thus contributing 77.05% and 54.66% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 139.099 million shares worth 948.332 million in 1,570 deals.

The third place was occupied by Consumer Goods Industry with 53.794 million shares worth N1.785 billion in 3,736 deals.

Trading in the top three equities, namely Continental Reinsurance Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 549.828 million shares worth N2.263 billion in 2,162 deals, contributing 40.22% and 17.02% to the total equity turnover volume and value respectively.

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Source: AllAfrica

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