Forte Oil records highest loss as NSE market indices drop by 0.54%

Activities at the Nigerian Stock Exchange (NSE) on Wednesday closed negatively with the market indices dropping by 0.54 per cent, following huge loss posted by some highly capitalised equities.
The index lost 182.68 points to close lower at 33,879.21 compared with 34,061.21 achieved on Tuesday.
Similarly, the market capitalisation which opened at N11.574 trillion lost N62 billion or 0.54 per cent to close at N11.512 trillion.
A breakdown of the laggards’ table indicated that Forte Oil recorded the highest loss, losing N8.14 to close at N154.86 per share.
Total Nigeria came second having lost N5.95 to close at N155.05, while Nigerian Breweries declined by N1.50 to close at N148.50 per share.
Presco and GTBank lost N1.35 and N1.05 respectively to close at N32 and N27.55 per share.
Conversely, Nestle posted the highest gain, gaining N30 to close at N880 per share.
Betaglass followed with N1.99 to close at N41.76, while 7UP appreciated by N1.50 to close at N179.50 per share.
Guinness Nigeria Plc increased by N1 to close at N165, while Cadbury grew by 90k to close at N29 per share.
Over all, investors staked N3.36 billion on 252.33 million shares transacted in 4,053 deals.
This was against a turnover of 224.07 million shares valued at N3.48 billion traded in 3,940 deals on Tuesday.
Mansard Insurance was investors’ delight, accounting for 52.35 million shares worth N146.98 million.
It was followed by Zenith Bank with 24.73 million shares valued at N502.19 million, while GTBank sold 19.28 million shares worth N533.95 million.
Ecobank Transnational accounted for 16.66 million shares valued at N355.81 million, while Access Bank exchanged 13.50 million shares worth N82.48 million.