Equities shed 0.2% as Forte Oil leads gainers

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Forte OilTrading in equities closed on bearish note on the Nigerian Stock Exchange yesterday, following sell- offs from prospective investors.

Specifically, the All Share Index depreciated 0.19 per cent to close at 36,805.10 points, as against the rise of 0.26 per cent recorded on Friday to close at 36,925.82 points.

Market capitalisation shed N22bn to close at N11.739trn, lower than the increase of N30bn recorded on Friday to close at N11.761trn.

The Oil and Gas Index led sectorial indices with 1.81 per cent to close at 189.39 points, followed by the Insurance Index with 1.04 per cent to close at 138.55 points.

The NSE 30-Index dipped 0.28 per cent to close at 1,728.02 points, while the Banking Index fell 0.1 per cent to close at393.10 points.

The Consumer Goods Index depreciated 0.55 per cent to close at 1,045.16 points, while the Lotus Islamic Index rose 0.02 per cent to close at 2,575.88 points.

The Industrial Goods Index declined 0.06 per cent to close at 2,202.99 points, while the Alternative Securities Market remained flat.

Forte Oil Plc led the gainers’ table with N4.02 or 10.21 per cent to close at N43.40 per share, followed by Wema Bank Plc with 10 kobo or 9.80 per cent to close at N1.12 per share.

May and Baker Plc appreciated 11 kobo or five per cent to close at N2.31 per share, while UTC Plc rose three kobo or 4.92 per cent to close at 64 kobo per share.

Transnational Express Plc gained six kobo or 4.76 per cent to close at N1.32 per share.

On the flip side, Portland Paints Plc lost 28 kobo or five per cent to close at N5.32 per share, while Air Service Plc declined 19 kobo or 4.97 per cent to close at N3.63 per share.

Paint Manufacturing Company shed eight kobo or 4.35 per cent to close at N2.20 per share, while Learn Africa Plc dropped eight kobo or 4.30 per cent to close at N1.78 per share.

NEM Insurance Plc fell three kobo or 4.29 per cent to close at 67 kobo per share.

Meanwhile, the Exchange has lifted ban on Merit Securities Limited and Mc-Finerco Investment Limited. The duo was recently banned from trading on the Exchange.

 

Information from Daily Independent was used in this report.

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