Leadership (Abuja)
Nkiruka Anene, Lagos
26 June 2008
Investment and Allied Insurance yesterday attracted investors' interest at the stock market as it polled the highest volume of shares both in its sub-sector and the entire market.
Specifically, investors bought a total of 402.2 million shares worth n478.6 million exchanged in 518 deals, representing 54.4 per cent of the sub-sector's turnover.
In all, the insurance sub-sector recorded the highest volume of trade as it accounted for 620.9 million shares worth N1.3 billion done in 2,280 deals, followed by the banking sub-sector which traded 561.998 million shares valued at N13.3 billion in 8,737 deals.
60 listed equities emerged losers as against 31 league of gainers as major indicators still took the southward movement. Specifically, the twin market indicators the All-Share Index and the total market capitalization of all listed equities declined by 0.4 per cent to close lower from their opening marks. While the Index lowered to 53,365.53 from 53,589.67, representing 224.14 points, the total market capitalisation declined to N10.41 trillion as against N10.45 trillion, representing N43 billion.
CAP led the losers' pack with N3 decrease to close at N57 per share, NBC followed with N2.70 increase to close at N51. 45 per share, ETI lost N2.01 to close at N38.29 per share, while Eterna Oil and Presco depreciated by N1.47 and N1.32 to close at N28.08 and N25.26 per share respectively.
On the other hand, Chevron led gainers with N16.12 to close at N338.59per share, Oando followed with N10 increase to close at N210 per share, G.T Bank appreciated by N1.15 to close at N24.30 per share while BCC and Beta Glass chalked N1 and 90 kaobo to close at N48 and N19.05 per share respectively.
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