The Stock Market traded for four days as Wednesday January 1st 2014, was declared a Public Holiday to commemorate the New Year.
Meanwhile, a turnover of 2 billion shares worth N15.907 billion in 17,378 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.278 billion shares valued at N6.897 billion that exchanged hands last week in 10,761 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.551 billion shares valued at N7.547 billion traded in 9,244 deals; thus contributing 77.54% and 47.45% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with a turnover of 208.046 million shares worth N3.116 billion in 2,439 deals. The third place was occupied by the Conglomerates Industry with 105.277 million shares worth N476.146 million in 1,015 deals.
Trading in the top three equities namely, Sterling Bank Plc, Unity Bank Plc and NEM Insurance Plc (measured by volume) accounted for 811.497 million shares worth N1.183 billion in 1,100 deals, contributing 41.00% and 7.43% to the total equity turnover volume and value respectively.
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