Tuesday, January 22, 2019 1:10:49 PM- Nigerian Stock Exchange.



  DANGCEM gives ASI the green light.

      

25 June 2018 ( Lagos ) : The week opens with ASI being back with a bang. The Nigerian Bourse closed in green today, after having a difficult last week, finally rose 0.34% and gave some respite to the investors.  
This is mainly due to the heavy weight champion ( DANGCEM ) that grew 2.22%, this along with the rise in ( CCNN ) by 4.85%, was enough to overweigh the dip in ( WAPCO ) of 2.31%.

Drilling down to a sectorial level; dip in the bellwether stocks like ( SEPLAT ) by 4.99%, ( JAPAULOIL ) by 4.26% and ( OANDO ) by 3.05% led laggards in the oil and gas sector. 

Whereas the Banking and Consumer goods industry shared some mixed sentiments today. While there were advances in ( STERLNBANK ) , ( ZENITHBANK ), ( GUARANTY ), ( STANBIC ) by 2.94%, 0.19%, 0.86%, 0.51% respectively ; stock like ( FIDELITYBK ), ( ACCESS ) and ( UBN ) dragged the sector down by shedding 2.63%, 2,4% and 0.85% respectively.

Similarly, while ( FLOURMILL ) and ( HONYFLOUR ) felt predominantly bullish today by gaining 0.16% and 2.39% respectively. Bears slayed the sector due to declines in ( DANGFLOUR ) by 1.43%, ( NESTLE ) by 0.33%, ( NB ) by 0.45% and ( GUINNESS ) by 0.51%.

Lastly, in the insurance sector, the dips in ( LINKASSURE ) by 4.65 and ( PRESTIGE ) by 4.55% outweighed the gain in ( LASACO ) by 5.88%.


Reporting for EasyKobo on 25 June 2018, Monday in Lagos, Nigeria

  









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