Forte Oil, Unilever drive negative Nigerian stock exchange performance
Losses recorded in 17 companies led by Forte Oil Plc and Unilever Nigeria Plc today resulted in further decline in investors networth on the Nigerian Stock Exchange, NSE, by N6 billion.
The fall resulted in dip in the market capitalisation to N14.982 trillion from N14.976 trillion, representing 0.04 percent decline.
Analysis of the day’s trading showed that Forte Oil Plc depreciated by 9.09 percent to close at N40.00 from N44.00. Royal Exchange Plc followed, depreciating by 6.06 percent to close at N0.31 from N0.33. Unilever Nigeria Plc placed third, dropping by 4.98 percent to close at N52.45 from N55.20.
Diamond Bank Plc rose by 4.65 percent to close at N2.05 from N2.15, while FTN Cocoa Processors Plc was down 4.55 percent to close at N0.21 from N0.22 per share.
Conversely, 34 gainers emerged during the day, led by Custodian and Allied Plc and glaxoSmithKline Plc with 10 percent increase to close at N4.51 from N4.10 and N28.05 from N25.50 per share respectively.
Multiverse Mining and Exploration Plc was the third on the list as its shares appreciated by 9.25 percent to close at n0.23 from N0.21.
Fidson Healthcare Plc chalked up by 9.49 percent to close at N6.00 from N5.48, while Unitykapital Assurance Plc was up 9.09 percent to close at N0.24 from N0.22 per share.
The post Forte Oil, Unilever drive negative Nigerian stock exchange performance appeared first on Vanguard News.
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