WEEKLY MARKET REPORT FOR WEEK ENDED FRIDAY, JUNE 30TH, 2023

The market opened for three trading days this week as the Federal Government of Nigeria declared Wednesday June 28 and Thursday June 29, 2023 as Public Holidays to commemorate Eid el Kabir celebration.

A total turnover of 2.314 billion shares worth N41.547 billion in 28,095 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.369 billion shares valued at N41.986 billion that exchanged hands last week in 39,764 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.715 billion shares valued at N24.652 billion traded in 14,227 deals; thus contributing 74.09% and 59.33% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 98.423 million shares worth N379.169 million in 1,176 deals. The third place was the Consumer Goods Industry, with a turnover of 96.885 million shares worth N2.216 billion in 3,470 deals.

Trading in the top three equities namely Access Holdings Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 844.596 million shares worth N16.302 billion in 5,493 deals, contributing 36.49% and 39.24% to the total equity turnover volume and value respectively.

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