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NSE: Forte Oil leads gainers’ chart as the bourse slides back into bearish zone

Declining graphic

The Nigerian Stock Exchange (NSE) made a southward turn after Wednesday’s bullish round. The All Share Index closed at 26,367.24, down by 0.15%. Year to date, the bourse is down by 16.14%.

Top 5 gainers

Forte Oil led the top 5 gainers with a 10% gain to close at N17.60. Consolidated Hallmark Insurance closed at N0.37, gaining 8.82%.

Sterling Bank gained 2.78% to close at N1.85. Wema Bank followed with a 1.79% gain to close at N0.55.

Dangote Sugar rounds up the day’s top gainers with a 1.47% gain to close at N10.35.

Top 5 losers

On the losing side, Guinness Nigeria took the biggest hit of 9.88% to close at N26.45. Market sentiments round the stock stock might be as a result of its poor Q3 performance.

GlaxoSmithKlein closed at N5.80, losing 9.38%. Ikeja Hotels closed at N1.70, losing 9.32%.

UAC Properties lost 9.17% to close at N0.99. McNichols rounds up today’s top 5 losers with a 6.12% lose to close at N0.46.

Top 5 trades

The bourse witnessed 449.2 million shares valued at N1.6 billion exchanged hands in 2,810 deals.

Top of the trade is Omoluabi Mortgage Bank with 272 million shares valued at N149.6 million traded in 2 deals. The stock have been witnessing large trades since last week.

Tier 2 lender, FCMB followed with 36.2 million shares worth N57.8 million traded in 26 deals. Transcorp traded 29.3 million shares valued at N29.2 million in 49 deals.

Zenith Bank exchanged 24.1 million shares valued at N409.2 million in 471 deals. Heirs Holdings’ UBA rounds up the top 5 trades by volume with 16.9 million shares valued at N97.2 million traded in 279 deals.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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