Thursday, January 17, 2019 7:03:59 PM- Nigerian Stock Exchange.



  Bears pull out the big guns and attacks the NSE 30

      

13 August 2018: After shedding 2% last Friday, resulting in a 7.3% YTD loss last week, the Nigerian Bourse opens this week on a negative note again, albeit marginally. The bears attacked the NSE 30 segment, Most of them perished but some fought back, which is why the overall decline is marginal. The Bourse lost 0.13% in today's session.All the sectors witnessed mixed sentiments tilting towards a more bearish trend, except the Industrial good segment which closed flat for the day.

The Oil and gas sector, mainly led laggards due to massive declines in ( OANDO ) by 5.41% and ( JAPAULOIL ) by 6.9% and a dip in ( FO ) by 0.22%. But, these declines were countered by the upticks in ( MOBIL ) of 2.27% and ( ETERNA ) of 9.92%.

While, the Banking sector was a straight up loser due to falls in ( ZENITHBANK ) by 0.64%, ( GUARANTY ) by 0.51%, ( UBA ) by 3.17% and ( ACCESS ) by 1%, these declines overweighed the surges in ( STANBIC ) by 1.32%, ( FBNH ) by 0.52%, and ( ETI ) by 0.48%.

Lastly, in the consumer goods sector, the sentiment was quite mixed fueled by declines in ( FLOURMILL ) by 2.44%,( DANGSUGAR ) by 1.29% and ( GUINNESS ) by 4.26% which weren't able to outweigh the increases in ( UNILEVER ) by 0.19%, ( NB ) by 0.49% and ( INTBREW ) by 4.53% and ( CADBURY ) by 1%.

In terms of shares traded, ( UBA ) reported the highest = 30.5 million shares worth N 288.3 million, followed by ( FBNH ) = 14 million worth N 134.9 million, ( GUARANTY ) = 13.8 million worth N 536.9 million and Lastly, ( ZENITHBANK ) = 12.4 million worth N 291.5 million.

Reporting for EasyKobo on Monday ,13 August 2018 in Lagos, Nigeria






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