Nigerian Stock Exchange: Stock Market Report For August 7th, 2015

EQUITIES

A turnover of 2.382 billion shares worth N18.989 billion in 19,769 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.366 billion shares valued at N17.953 billion that exchanged hands last week in 17,391 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.996 billion shares valued at N13.195 billion traded in 11,232 deals; thus contributing 83.79% and 69.49% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 106.534 million shares worth N425.527 million in 1,150 deals. The third place was occupied by Natural Resources Industry with 100.021 million shares worth N50.103 million in 16 deals.

Trading in the Top Three Equities namely – Continental Reinsurance Plc.; Zenith International Bank Plc., and Axamansard Insurance Plc (measured by volume) accounted for 1.033 billion shares worth N5.209 billion in 2,339 deals, contributing 43.39% and 27.43% to the total equity turnover volume and value respectively.

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