MARKET UPDATE FOR JUNE 26TH, 2008.

The market price indicator only edged up for the first time this week to close at 53,705.30 base points as against yesterdays 53,365.53 base points, indicating a gradual recovery of the market. The Market Capitalisation also went up a bit to N10,482,381,849,556.62 better than yesterday’s N10,416,065,547,467.16 also marking a recovery. There was a total of 17,112 deals involving a share volume of 983,536,948 unit shares valued at N17,294,192,905.58 as against yesterdays 15,973 deals involving a volume of 1,274,507,737 units valued at N16,107,193,177.78.

The market movers in terms of share volume in a descending order includes: (1) INTERCONT which traded a volume of 193,704,201 units valued at N6,217,730,939.52; (2) PLATINUM traded with 120,948,336 unit shares, valued at N3,325,305,901.95; (3) IANSURE traded with 103,889,273 unit shares, valued at N118,433,771.22; (4) FCMB traded with 90,844,400 unit shares, valued at N1,496,545,930.49; (5) FIDELITYBK traded a volume of 40,145,764 unit shares, valued at N404,304,911.73.
The price gainers in a descending order includes: (1) 7UP gained N2.59 to close at N54.46; (2) ASHAKACEM gained N1.84 to close at N38.74; (3) ETI gained N1.71 to close at N40.00; (4) CADBURY gained N1.57 to close at N33.07. While the price losers list includes: (1) OANDO which lost N10.50 to close at N199.01; (2) CONOIL lost N5.20 to close at N99.80; (3) CAP lost N2.85 to close at N54.15; (4) NBC lost N2.44 to close at N49.01.