Forte Oil, NB Plc lead as Nigerian equity market records growth

Activities at the Nigerian Stock Exchange on Wednesday ended on a positive trend with market indicators rebounding by 0.25 per cent.
The News Agency of Nigeria reports that the All-Share Index recorded marginal gain, appreciating by 70.18 points or 0.25 per cent to close at 27,880.46 compared with 27,810.28 recorded on Tuesday.
Similarly, market capitalisation rose by N24 billion to close at N9.58 trillion against N9.55 trillion achieved on Tuesday.
Forte Oil recorded the highest price gain to lead the gainers’ table, growing by N8.5 to close at N178.6 per share.
Nigerian Breweries came second with a gain of N1.42 to close at N141.75, while Dangote Cement appreciated by. 50k to close at N180.5 per share.
GTBank increased by 36k to close at N26.26, while ETI rose by 26k to close at N11.45 per share.
On the other hand, Nestle topped the losers’ chart, dropping by N10 to close at N825 per share followed by Zenith Bank with a loss of 17k to close at N15.59 and Access Bank shed 15k to close at N5.65 per share.
Diamond Bank also dipped by 11k to close at N1.12 and Champion dropped 9k to close at N2.66 per share.
In all, the volume of shares traded closed higher with an exchange of 230.29 million shares valued at N2.96 billion transacted in 3,002 deals.
The News Agency of Nigeria reports that the figure was in contrast with 182.25 million shares worth N2.93 billion traded in 3,113 deals on Tuesday.
Transcorp drove the turnover volume, having accounted for 36.18 million shares valued at N41.01 million.
It was followed by FBN Holdings with a total of 29.52 million shares worth N611.21 million and GTBank sold 25.12 million shares valued at N472.28 million.
NAN.