Posted by : Emog in (Reflection and Inspiration)
Stock Market Update as @ 4/6/2008
The Nigerian Stock Exchange Index and Market Capitalization
has been on the decline over the past few weeks. This decline
could largely be attributed to profit takers. People are trying as
much as possible to salvage what they can from a negative market.
The volume and value of traded equities also declined with the
insurance sub-sector having the bulk of the activities. Over 400
million units of shares were traded in this sector.
This is well over 50% of the total volume of trade on the floor
of the stock market. Investment and Allied Assurance was
responsible for majority of the activity in the sector. An overall
look at the market shows that out of the 143 traded stocks, 50
gained while 46 lost and 47 remained as they were. Chevron
Nigeria Plc topped the gainers chart adding about N17.00 to Read the rest of this entry »