Tuesday, January 22, 2019 1:41:42 PM- Nigerian Stock Exchange.



  Bear exploit ASI- courtesy DANGCEM

      

22 June 2018- DANGCEM weighs on Nigerian Bourse yet again and causes its ASI ship to sink by 0.76%.This caused a slack in the industrial goods sector as well, and unfortunately the dip in ( WAPCO ) by 2.5% made things worse. These declines beat out ( CCNN )'s gain of 3.12%

Most sectors closed in red today, expect the insurance industry, which performed really well and observed some major wins buoyed by gains in ( SOVRENINS ) by 6.9% , ( NEM ) by 4.83%, ( EQUITYASUR ) by 4.55% and (AIICO ) by 1.67%.

Banking sector, also performed fairly well with advances in ( JAIZBANK ), ( ZENITHBANK) and  ( GUARANTY ) overpowered the decline in ( UBA ) by 0.93%.

The oil and gas sector also behaved in a sluggish manner, caused by declines in ( ETERNA ), ( FO ) and ( OANDO ) by 4.93%, 4.82% and 1.5% respectively. Even the rise in ( OKOMUOIL ) by 4.43% couldn't save this sector.

Due to increased competition from Grand cereals and Olam, ( LIVESTOCK ) shares fell by 4.82%

Lastly, ( HONYFLOUR ) and ( NB ) dragged the consumer goods sector after dipping by 1.34% and 8.33% respectively. 


Reporting for EasyKobo on Friday, 22 June 2018 in Lagos, Nigeria






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