• Friday, March 29, 2024
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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.

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