Intercontinental Bank Third Quarter Profit Attracts New Savers.

(From Vanguard (Nigeria) - AAGM)

Byline: Michael Eboh

INVESTORS staked N42.75 billion on 3.65 billion shares in 107,536 deals on the Nigerian Stock Exchange for the month of December 2006. This was in contrast to November's N50.11 billion staked on 4.02 billion shares in 141,068 deals, representing a decline of 9.20 per cent on the turnover volume. The Banking sub-sector dominated other sub-sectors accounting for 80.53 per cent of the market turnover, followed by the Conglomerates sub-sector accounting for 8.56 per cent of the market turnover, while the Building Materials sub-sector accounted for 2.16 per cent of the market share .

Fidelity Bank …