SHARES in African Life Assurance fell sharply in the wake of the unbundling of stakes in the group by Real Africa Holdings (RAH) and Real Africa Investments Ltd (RAI). ”Real Africa Holdings and Real Africa Investments have unbundled their stakes in Aflife and it would seem some of the recipients of the shares are selling,” a trader said. ”However, this is no need to worry as the share price should rebound once the overhang in the market is mopped off,” he added. The fall in Aflife shares was out of line with a firmer life assurance sector, which rose 0.85%, outpacing the benchmark All-Share index. The All-Share index nudged up 0.16%to 8,378.9. – Reuters
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