Cammell Laird Shares Shoot Up After 9:1 Split

Shares in ship repairer Cammell Laird Holdings Plc. rose early last week after a nine-for-one share split made the stock more attractive for private investors. The shares closed on Aug. 20 at $16.32 each and opened on Aug. 23 at around $16.64 following the split. "Stocks often rise on the first day of a split as they are seen as being as more affordable by private investors," said a dealer. Cammell shares have risen 68 percent since the beginning of the year, outperforming the FT All Share index by about 51 percent.