Forte OIL: N152 is Last Line of Defense

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

Forte Oil Q3 hit the market yesterday with;

• Revenue of N36.7bn mixed; -24.9% q/q; +20.4% y/y
• Profit before tax of N1.4bn down; -53.7% q/q; -32.6% y/y
• Profit after tax of N0.6bn down; -55.9% q/q; -67.9% y/y

Forte TRW E-trader:

• Total volumes traded 102,759 units
• Total volumes on offer 254,923 unuts
• Total bids: NIL

 

 

 

 

 

 

 

FORTE OIL WEEKLY REPORT:

• Current market price at N152.00 is within the March 2015 support levels
• This current level will determine a Break/Fade rally (Consolidate within these levels or a Continuation of Current bear trend.