Wednesday, December 19, 2018 4:53:16 PM- Nigerian Stock Exchange.



  Banking Bulls, the robin hood of the equity crusades

      

04 December 2018 : After what felt like decades of draught, the market finally experienced sprinkles of rain, with the ASI rising by 0.68%, resulting in the YTD slightly improving to -18.92% and the market capitalisation rising to N 11.25 Trillion. 

The credit primarily goes to the Banking Bulls, that saved the market from its agony, albeit temporarily. ( GUARANTY) and ( STANBIC ) were amongst the highest gainers boasting a gain of 3.75% and 1.09% respectively; ( ZENITHBANK ) grew by1.69%, ( UBA ) jumped by 6.67%, while ( FBNH ), ( ETI ) and ( ACCESS ) rose by 2.7%, 0.31% and 0.67% respectively.

The consumer goods sector did observe some negative sentiment, but the sector was broadly positive and Bullish, with ( HONYFLOUR ) rising 1.85%, ( DANGSUGAR ), ( FLOURMILL ) and ( DANGFLOUR ) surging by 0.38%, 0.5% and 0.81% respectively. ( UNILEVER ) and ( NB ) dragged the sector down by 0.4% and 0.5% respectively. 

The industrial goods sector closed negative owing to the bearish performance of ( WAPCO ) by 4.48%

Reporting for EasyKobo on Tuesday , 04 December 2018 in Lagos, Nigeria




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