Forte Oil led other 25 stocks to help the bourse stay 0.10% afloat


The Nigerian Bourse on Tuesday bounces back from the decline of the last trading session, advancing by 0.10% as the All Share Index grew 38.85 points, closing at 40802.78 points as against the previous close of 40,763.93 points.

Market capitalisation advanced to N14.740 trillion from the previous close of N14.725 trillion implying a gain of about N15 billion for investors.

The volume and value of traded stocks declined by 53.50% and 58.55% to settle at 246.6 million units and N3.2 billion respectively in 4918 deals.

Market Breadth

The market breadth is balanced as 26 stocks closed positive against 26 that lost

Percentage Gainers

Forte Oil led other percentage gainers closing 10.18% above the previous close of N39.3, to settle at N43.3. Honeywell Flour grew 5.99% and Nestle grew 5% ahead other stocks like Custodian, Learn Africa, Wema Bank and VERITASKAP.

Percentage Losers

GSK tops the losers’ chart losing 27.19% of its share price. This is followed by Fidson, shedding 9.6% of its share price, while Champion Breweries and Julius Berger both shed 5% each of their share price.

Volume Drivers

Transcorp has the highest traded volume of about 35.38 million units, and Guaranty Trust Bank  has the highest traded value of about N805 million.

Zenith Bank is the most actively traded stocks for the day, trading about 24.6million units of its shares in 339 deals, worth about N682million.





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