NSE: First Inland lifts
banking sector
By OMODELE ADIGUN and KELECHI MGBOJI
Wednesday, April 30, 2008
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Photo:
Sun News Publishing
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First Inland Bank investors traded over 100 million shares
on the Lagos floor of the Nigerian Stock Exchange (NSE) Tuesday
to propel the banking sub-sector atop the activity chart.
At the close of business, First Inland Bank traded 106.4 million
shares to put turnover in the banking sub-sector at 397.6
million shares valuing N8.95 billion and done in 8,574 deals.
It was followed by the Insurance sub-sector with 165.4 million
shares valued at
N695.5 million exchanged in 3,274 deals. In all, the day’s
turnover stood at 689.9 million shares valuing N12.2 billion
exchanged in 17,963 deals.
Meanwhile , the market indicators continued to falter as the
All Share Index receded to 59, 663.22 points while the market
capitalization dropped to N11.5 trillion.They opened for business
at 60,122.77 and N11.62 trillion respectively.
On price movement, Total was the chief gainer for the day
as it netted N10.75 to raise its price to N239.95 per share.
Flourmills, NBC, Benue Cement and 7Up went up by 332 kobo,
258 kobo, 216 kobo and 140 kobo to close at N89.34, N61, N45.39
and N49.90 respectively. G Cappa, Nigeria-German Chemicals
and Unilever moved up by 135 kobo, 119 kobo and 114 kobo to
close at N28.39, N25.12 and N23.94 respectively. Arbico and
Afribank were up by 101 kobo and 100 kobo to close at N29.51
and N24.89 respectively.
On the losers side, Nestle topped the group with 800 kobo
to close at N218 per share. Following it were ETI, WAPCO,
Union Bank and Eterna Oil with 340 kobo, 299 kobo, 191 kobo
and 189 kobo to close at N246.50, N56.86, N36.99 and N36 respectively.
Other losers were First Bank, Okomu Oil, Ashaka Cement and
Okomu Oil with 178 kobo, 159 kobo and 145 kobo to close at
N41.02, N30.33 and N42.25 respectively. The rest were NAHCO
and Oando with 114 kobo and 113 kobo to drop to drop to N22.06
and N221 respectively.
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