26 July 2018 ( Lagos ).: After two days of negative trading, the Nigerian Bourse enjoyed a victorious day, after gaining 0.22%
today. The banking segment led the gainers with all its first and second tier stock flaring up today
. ( ZENITHBANK
) rose by 1.94%, ( GUARANTY
) increased by 0.52%, ( FBNH
) went up by 2.66% and ( UBA
) surged by 1.58%.
Even the Oil and gas sector enjoyed a bullish day with upticks in ( OANDO
) by 1.04%, thanks to the oil rally
; and ( CAPOIL
) by 8.7%, these increases outweighed the dip in ( JAPAULOIL
) by 7.14%.
The consumer goods segment however, witnessed mixed sentiments., slightly tilting towards negative. While, ( NESTLE
) went up by 3.52%, ( HONYFLOUR
) flared up by 9.88% and ( NASCON
) gained 2.5%. ( NB
) declined by 0.48%, ( FLOURMILL
) shed 5.23%, ( DANGFLOUR
) lost 5.17%, ( INTBREW
) went down by 5.33% and ( DANGSUGAR
) also lost 3.23%.
Lastly in the industrial goods sector, market giant ( DANGCEM
) lost 0.43% while ( CCNN
) gained 8.78%.
With the H1'18 results rolling in, we expect that investors will make smarter investments better judgements and the sell-off pressure might cool down, and with an RSI of about 30 points, the market is expected to bounce back.
Reporting for EasyKobo on Thursday, 26 July 2018 in Lagos, Nigeria
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