As bargain appetite for equities remained low, no fewer than N38 billion was eroded from the value of Nigerian equities.
Market capitalisation decreased to N13.578 trillion from N13.616 trillion the preceding. At the close of transactions, 16 equities prices gained while 27 equities prices lost.
At the top is
Forte reported profit before income tax growth of 152% to N4.191 billion against N1.663 billion in H1 2013.
The company s Profit After Tax rose by 125% to N3.134 billion from N1.391 billion in H1 13. Basic earnings per share rose by 48% to N1.91 from N1.29. The company did not propose interim dividend.
Volume of equities increased by 117.25%, from 178.412 million to 387.602 million, while the total value of stock traded increased by 94.16% from N2.028 billion to N3.937 billion in 4,795 deals.
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