Leadership (Abuja)
Taiwo Ogunmola
14 October 2008
As market resumed yesterday on the floor of the Nigerian Stock Exchange (NSE), market capitalisation maintained its bearish posture with N9.381 trillion to N9.45trillion on Friday.
All share Index dropped from 44,057.05 points to close at 44, 380.96 points last week. The banking sub- sector was the most active measured by a turnover volume of 113.836 million shares, worth N901.680million exchanged by investors in 2,658 deals. Insurance sub-sector ranked with a turnover of 32.716million valued at N65.817 million shares in 374 deals.
Multiverse Resource was the only company that led on the gainers chart with N0.08kobo to close at N2.15kobo.
Also, Julius Berger came first on the losers, chart shedding N0.72kobo to close at N71.34kobo. Other losers were BCC (N0.44kobo), NB (N0.41kobo), UBN (N0.40kobo), WAPCO (N0.37kobo) and Zenith Bank (N0.34kobo).
Investors traded 204.410 million shares worth N1.258 billion in 4,966 deals in contrast to a total of 259.166 million valued at N1.664 billion in 6,177 deals.
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