Author Topic: INVESTORS STAKE N8BN ON BANK SHARES  (Read 1435 times)

Offline furtune

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INVESTORS STAKE N8BN ON BANK SHARES
« on: May 15, 2008, 06:06:36 PM »
Investors staked a total of N8.272bn on 342.016 million bank sector shares in 9,108 transactions on the Nigerian Stock Exchange on Wednesday.

This represents an increase of 74 per cent, in terms of turnover, over the 196.866 million shares, worth N4814bn, traded by the banking sub-sector on Tuesday in 8,543 deals.

The sub-sector led on the activity chart, accounting for 49 per cent of the total market turnover.

Large trading in the shares of Access Bank Plc, First Inland Bank Plc, Intercontinental Bank Plc and Oceanic Bank International Plc, largely drove activities in the sub-sector, accounting for 53 per cent of the sector?s turnover.

Oando Plc led the gainers? chart, with a gain of N7.99, to close at N215.01 per share. Julius Berger Nigeria Plc and Seven-Up Bottling Company Plc chalked up N4.95 and N2.50 respectively, to close at N99.01 and N50 per share.

Two petroleum marketing companies, Total Nigeria Plc and Mobil Oil Nigeria Plc led the losers chart, dropping significantly by N11.99 and N7.01 respectively,to close at N239.95 and N228.01 per share.

Ecobank Transnational Incorporated Plc fell by N6.78 to close at N246.78 per share.

The market capitalisation of the 219 listed equities rose by N8bn or 0.07 per cent, from N12.112tn the previous day, to close at N12.120tn.

In the same vein, the All-Share Index of the NSE, increased by 0.06 per cent, from 62,463.66 the preceding day, to 62,502.97 at Wednesday?s close

In all, a total of 696.766 million shares, valued at N11.403bn, were trade in 21,016 deals.

This represents an increase of 27 per cent, in terms of turnover, over the 550.131 million shares, worth N8.634bn, exchanged on Tuesday in 18,051 transactions.

In the insurance sub-sector, 236.031 million shares, valued at N936.270m shares, were traded in 4,361 deals.

The sub-sector accounted for 34 per cent of the total market turnover.

High trading in the shares of Gold Link Insurance Plc, Investment and Allied Assurance Plc, N.E.M. Insurance Company of Nigeria Plc and Universal Insurance Company Plc largely drove activities in the sub-sector as the four companies accounted for 59 per cent of the sector?s turnover.

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INVESTORS STAKE N8BN ON BANK SHARES
« on: May 15, 2008, 06:06:36 PM »

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