It was positive start for trading on the floor of the Nigerian Stock Exchange (NSE), as market capitalization added N29 billion to close at N8.74 trillion.
The All Share Index (ASI) ramped up 0.34 percent to also close at 25,249.49 basis point, as against 0.44% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.05%.
Market breadth closed positive as PZ led 10 gainers against 19 Losers topped by FO at the end of today’s session- an unimproved performance when compared with previous outlook.
Forte oil shed N2.97 kobo to close at N56.24 kobo per share ahead of the company bond listing on the NSE.
The ₦9 billion Forte Oil PLC Bond (Series 1 under a ₦50.00bn Medium-Term Bond Programme) on FMDQ OTC Securities Exchange (‘FMDQ’ or ‘the OTC Exchange’), Was the first corporate debt listing in 2017.
Market turnover closes negative as volume moved down by 77.29% against 232.42% uptick recorded in the previous session. UCAP, ZENITHBANK and FIDELITYBK were the most active to boost market turnover. ZENITHBANK and NB topped market value list.