29 July 2018( Lagos) : The Nigerian Bourse goes green as market hulk (
DANGCEM ) upbeats by 1.78% coupled with the bullish market sentiments caused by upticks in the bellwether stocks in major sectors. Consequently, NSEASI rose by 1.44%.
Drilling down to individual sectors, the banking sector's investors enjoyed a merry day with upticks in blue chip stocks like (
ZENITHBANK ) by 0.4%, (
STERLNBANK ) by 0.72%, (
GUARANTY ) by 1.12% and (
STANBIC ) by 4%. The sector also observed some advances in (
DIAMONDBNK ) by 4.38% , (
WEMABANK ) by 4.29%, (
UNITYBNK ) by 4.3%, (
FIDELITYBK ) by 0.88% and (
ACCESS ) by 0.49%. These advances royally overweighed the dips in (
UBA ) of 0.47%, (
UBN ) of 0.81% and (
FCMB ) of 4.8% and (
SKYEBANK ) of 4.17%
The Consumer goods industry followed a similar pattern where giants with high market capitalization observed upsurges, like (
NESTLE ) rose by 4.92%,(
NB ) by 2.88%, (
GUINNESS ) by 0.72% and (
INTBREW ) by 3.29%, these advances beat the declines in (
FLOURMILL ) and (
HONYFLOUR ) of 0.62% and 4.98% respectively.
Recovering from yesterday's losses the oil and gas sector also saw some applaud worthy closings, as (
TOTAL ) rose by 4.74%, (
ETERNA ) jumped up 4.99%, (
OKOMUOIL ) increased 2.22% on its price, and (
MOBIL ) grew by 1.1%. There were some sinking as well, as (
OANDO ),(JAPAULOIL ) and (
FO ) got exploited by bears after they plummeted by 1.54%, 2.7% and 3.52% respectively.
Lastly, (
CCNN ) supported the industrial goods sector by rising 2.13%, and along with (
DANGCEM ) they defeated the dip in (
WAPCO ) of 2.5%, after its French parent company was put under spotlight following allegations of the company funding terrorist groups.
This market positivty is sure to give the investors a happy weekend.
Reporting for EasyKobo on 29 June 2018, Friday in Lagos Nigeria.