Forte Oil surges 10% on N64.3bn off market trades

Forte Oil

The share price of Forte Oil Plc reached new high on Wednesday June 19, 2019 driven by record off market trading.

A total of 970,166,694 units of Forte Oil Plc were done as off market trades at N66.25 in five deals.

These deals were negotiated deals between Stanbic IBTC Stockbrokers as buyer while APT Securities and Funds Limited, WSTC Securities Limited and Quantum Zenith Securities Limited were sellers.

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Forte Oil rallied most on the Nigerian Bourse, from N31.5 to N34.65, after gaining N3.15 or 10 percent maximum limit as investors anticipate further rally in next trading sessions.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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