Nigerian Stock Exchange: Stock Market Report For July 16th, 2015

EQUITIES

The stock market opened for four trading sessions this week as the Federal Government of Nigeria declared Friday, 17th and Monday, 20th 2015 as public holidays to observe the end of Ramadan and Id- el-Fitr celebrations.

Meanwhile, a turnover of 1.187 billion shares worth N20.259 billion in 14,349 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.264 billion shares valued at N15.770 billion that exchanged hands last week in 17,016 deals.

The Financial Services Industry (measured by volume) led the activity chart with 928.850 million shares valued at N11.840 billion traded in 7,903 deals; thus contributing 78.26% and 58.44% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 76.523 million shares worth N629.896 million in 979 deals. The third place was occupied by Oil and Gas Industry with 67.815 million shares worth N966.600 million in 1,652 deals.

Trading in the Top Three Equities namely –Zenith International Bank Plc.; Access Bank Plc., and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 647.735 million shares worth N9.888 billion in 2,477 deals, contributing 54.58% and 48.81% to the total equity turnover volume and value respectively.

Click here for full details.