WEEKLY MARKET REPORT FOR WEEK ENDED FRIDAY, JULY 7TH, 2023

A total turnover of 9.831 billion shares worth N145.408 billion in 54,478 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 8.349 billion shares valued at N127.944 billion traded in 27,291 deals; thus contributing 84.92% and 87.99% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 420.770 million shares worth N1.683 billion in 2,840 deals. The third place was the ICT Industry, with a turnover of 220.121 million shares worth N2.198 billion in 3,237 deals.

Trading in the top three equities namely FBNH Holding Plc, FCMB Group Plc and United Bank for Africa (measured by volume) accounted for 6.071 billion shares worth N102.488 billion in 7,505 deals, contributing 61.75% and 70.48% to the total equity turnover volume and value respectively.

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