02 July 2018 ( Lagos ):The equity sector suffered Monday blues, losing 331.63 bps in the day owing to a negative performance by the banking sector and the Market giant (
DANGCEM ) which lost by 2.14%.
The sentiment in the banking sector was predominantly bearish, and it snapped after a sky-scaping jump on Friday, last week. Majority of the sector closed under except a rise in (
UNITYBNK ) OF 9.28%. Stock with high capitalization also faced hits, like (
ZENITHBANK ) fell by 1.6%, (
GUARANTY ) declined by 1.23%. Other banking stocks that received blows were (
FIDELITYBK ) that dipped by 4.35%, (
UBN ), (
FCMB ) and (
DIAMONDBNK ) which also fell by 1.64%, 4.13% and 3.5% respectively.
The consumer sector saw some advances but also some steep declines as well. As (
HONYFLOUR ) and (
NB ) led laggards by dipping 9.6% and 0.96% respectively. (
FLOURMILL ) , (
DANGFLOUR ) and (
GUINNESS ) tried to save the day by rising 2.5%, 1% and 1.33% respectively.
Oil and Gas sector was slated by bears, when the the sector was led by declines in (
ETERNA ) by 1.93%, (
JAPAULOIL ) by 8.33%, (
FO ) by 9.74%, and (
MRS ) by a gigantic decline of 16.64%. Consequently the advances in (
OANDO ) by 3.12% and (
MOBIL )by 9.23% couldn't really make a difference.
Lastly, (
AIICO ) observed an increase of 9.84% today.
Reporting for EsyKobo on 2 July 2018, Monday in Lagos, Nigeria.