Friday, October 19, 2018 9:39:14 AM- Nigerian Stock Exchange.



  Consumer good's bears steamroll the ASI

      

04 October 2018 : The ASI declined again today, albeit marginally, shedding 0.09%. The market capitalization dropped by N 9 million. Consequently, the YTD loss cam down to 15.22%.


This marginal loss was fueled by the prevailing pessimism in the consumer goods sector, which was led by the 2.81% decline in ( NB ) closely followed by dips in ( HONYFLOUR ) by 3.45% and ( DANGSUGAR ) by 1.03%. ( OKOMUOIL )'s 4.94% in the oil and gas sector also buoyed the ASI fall.

On the other hand, the oil and gas sector also witnessed some decent advances: ( OANDO ) by 2%, ( ETERNA ) by 1.6%, ( JAPAULOIL ) by 4.55% and ( FO ) by 3.27%.


The Banking sector had mixed sentiments following declines in ( UBA ) by 0.6%, ( ETI ) by 1.96% and ( ACCESS ) by 0.62%, which was strongly countered by advances in ( ZENITHBANK ) by 2.75% and ( GUARANTY ) by 0.14%.


Lastly, the industrial goods sector was strongly positive, thanks to the massive 7.76% uptick in ( CCNN )


Reporting for EasyKobo on Thursday , 04 October 2018 in Lagos, Nigeria  




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