Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, September 13, 2018 06:32 PM/Proshare
Research
Following the revelation earlier in the week of the
possibility that the leadership of the Peoples Democratic Party (PDP) in Lagos
State may offer the party’s 2019 governorship ticket to the chairman of Forte
Oil Plc Femi Otedola, FO’s share price has dropped significantly by -16.67% in
four trading days.
The stock closed three trading days out of four in red
while it recorded 4.42% gain at the close of trading on Sept 12th,
2018 to erase parts of earlier trading loss.
The highest loss was recorded on Monday Sept 10th,
2018 with -9.29% while the volume traded has not been significant compared to
the last volume of 1.12m traded on Friday Sept 7th, 2018. The
highest volume traded within the period under review was on Tuesday Sept 11th,
2018 which was put at 727,453.
The Chairman of Forte Oil has neither denied or
affirmed this news and up till now, word on the street is from third parties
operating in a season of fast developments, speculations and alliances.
Date |
Price |
% Chg |
Volume |
13-Sep-18 |
17.5 |
-7.41% |
359,882 |
12-Sep-18 |
18.9 |
4.42% |
546,328 |
11-Sep-18 |
18.1 |
-4.99% |
727,453 |
10-Sep-18 |
19.05 |
-9.29% |
709,248 |
07-Sep-18 |
21 |
0.00% |
1,127,546 |
Source: NSE, Proshare Research |
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