WEEKLY MARKET REPORT FOR WEEK ENDED FRIDAY, JUNE 23RD, 2023

A total turnover of 3.369 billion shares worth N41.986 billion in 39,764 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.276 billion shares valued at N62.176 billion that exchanged hands last week in 44,344 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.515 billion shares valued at N23.030 billion traded in 19,895 deals; thus contributing 83.86% and 66.06% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 162.226 million shares worth N4.174 billion in 2,953 deals. The third place was the Conglomerates Industry, with a turnover of 148.138 million shares worth N530.633 million in 1,962 deals.

Trading in the top three equities namely Universal Insurance Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 865.658 million shares worth N12.138 billion in 4,786 deals, contributing 25.70% and 28.91% to the total equity turnover volume and value respectively.

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