Capital market in first week of September

A total turnover of 2.209 billion shares worth N10.957 billion in 18,013 deals were traded in the first week of September by investors on the floor of the Exchange, in contrast to a total of 1.072 billion shares valued at N7.384 billion that exchanged hands last week in 16,684 deals.

The Construction/Real Estate industry (measured by volume) led the activity chart with 954.529 million shares valued at N681.392 million traded in 218 deals; thus contributing 43.21% and 6.22% to the total equity turnover volume and value respectively. The Financial Services industry followed with 889.888 million shares worth N6.538 billion in 10,107 deals. The third place was the Conglomerates industry, with a turnover of 209.437 million shares worth N579.990 million in 677 deals.

Trading in the top three equities namely UACN- Property Development Company Plc, Zenith Bank Plc and LASACO Assurance Plc. (measured by volume) accounted for 1.229 billion shares worth N3.243 billion in 2,148 deals, contributing 55.61% and 29.60% to the total equity turnover volume and value respectively.