SCRAMBLE FOR ZENITH AT NSE FEBRUARY 27

It was more or less scramble for shares of Zenith International Bank PLC February 27 as 69,113,031 units were sold in record 859 deals.

The shares were sold at price up only 0.48% meaning Zenith could not dominate gains as well for the day.

In terms of volume, it also did not amount to domination because close on its heels was 62,300,000 units of rare showing UNIC Insurance sold in 54 deals.

However, the scramble really showed in the nearly 900 deals recorded because day second high number of deals was United Capital's 218 for 12,045,538 units down 2.72% in price per share and FBN Holdings 201 deals for 8,746,005 units up 1.29% in price per share.


In spite of high volume recorded by Zenith and UNIC total volume for the day at 254,747,127 units was 1.76% down on Friday close.

On the other hand, number of deals jumped by 40.4% to 3373.

In all there were 17 gainers with Honeywell Flour leading the pack 5% up but in terms of Naira, lead gain was Seplat petroleum N18 per share or 4.86% up.

Losers were more but with only 7up Bottling losing substantially in Naira terms, (down N6.50), All shares index rose by 0.48% to 25373.

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