Nigerian Stock Exchange Stock Market Report For July 24th, 2015

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 1.727 billion shares worth N23.389 billion in 15,043 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.187 billion shares valued at N20.259 billion that exchanged hands last week in 14,349 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.343 billion shares valued at N17.982 billion traded in 7,612 deals; thus contributing 77.80% and 76.88% to the total equity turnover volume and value respectively. The Healthcare Industry followed with a turnover of 184.005 million shares worth N109.613 million in 358 deals. The third place was occupied by Conglomerates Industry with 71.320 million shares worth N276.503 million in 937 deals.

Trading in the Top Three Equities namely – Zenith International Bank Plc.; Union Diagnostic & Clinical Services Plc., and United Bank For Africa Plc. (measured by volume) accounted for 1.028 billion shares worth N14.007 billion in 1,467 deals, contributing 60% and 59.89% to the total equity turnover volume and value respectively.

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