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NSE index up 0.25%, as Forte Oil, Honeywell Flourmills, Portland Paints lead gainers

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The Nigerian Stock market sustained previous session’s rebound to close the day with an appreciation of 0.25 percent.

The NSE All share Index settled at 25,739.18 points from previous sessions 25,673.80 points, while market capitalization grew by N22.5 billion to N8.856 trillion from N8.833 trillion.

Market breadth improved but remained negative with 19 gainers to 20 losers.

Forte Oil retained previous session lead position on the gainers chart with a 10.24 percent appreciation, to close at N96.37 per share. Honeywell flour mills followed with a growth of 9.28 percent to close at N1.06 per share while Portland paints added 4.59 percent to close at N2.28 per share.

Wema Bank recorded a growth of 3.77 percent to close at 55 kobo per share and Aiico Insurance improved by 3.51 percent to close at 59 kobo per share

On the other hand, Total led the losers table with a loss of 9.08 percent to close at N276.05 on the back of profit taking, having rose to N304.44 per share in Tuesday’s session. International Breweries and Mobil trailed with a depreciation of 5 percent each to close at N18.05 and N307.15 per share respectively.

Fidson Healthcare Pharmaceuticals dropped 4.79 percent to close at N1.39 per share as Neimeth depreciated 4.76 percent to close at N1.39 per share.

Diamond Bank emerged the most traded stock with 80.3 million shares valued at N64.3 million, International Breweries followed with 16.5 million units of shares worth N297.2 million while Transcorp came third with the sale of 11.4 million shares worth N9.9 million.

Overall investors exchan

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