21 June 2018 ( Lagos ) : The Nigerian stock exchange remained in the negative territory today, with most sectors closing in red today causing the ASI to drop by 1.17%.
It wasn't a great day for the Dangote group with (
DANGCEM ) losing 3.64% and (
DANGSUGAR ) falling by 2.06%. Since, (
DANGCEM ) is the most heavily weighted stock in the Nigerian bourse, it strongly affects the ASI movement and hence even the advances in (
DANGFLOUR ) of 0.96%, dint really save grace. This affected the Industrial goods sector as well, and the steep fall of (
CCNN ) by 4.76% really dint help the case.
In the banking sector, the advances made by (
FIDELITYBK ) of 4.59%,and (
ACCESS ) of 0.97% were not able to overpower the declines in ( JAIZBANK ), (
ZENITHBANK ), (
UBA ), (
GUARANTY ) and (
STANBIC ) of 4.48%, 1.15%, 0.47%, 1.48% and 0.51 % respectively.
The oil and gas and consumer goods sector shared mixed sentiments, with (
JAPAULOIL ) feeling bullish by gaining 9.3%, but (
SEPLAT ) and (
ETERNA ) just missed the bull arena and fell by 4.49% and 1.39% respectively. Similarly, where (
NB ) advanced by 2.75%; ( HONYFLOUR ) fell by 5%.
Lastly, insurance sector observed some nice gains, with (
MANSARD ) and (
NEM ) rising by 4.91% and 4.69% respectively.
Reporting for EasyKobo on Thursday, 21 June 2018 in Lagos, Nigeria
Reporting for EasyKobo on Thursday, 21 June 2018 in Lagos, Nigeria