12 July 2018 ( Lagos ) : The equity sector continues to remain in negative territory after it shed 26.81 pts today losing 0.07%. The main contributor to this loss is the Banking sector. All the Banking giants and almost all the other companies in the sector declined majorly today wiz (
ZENITHBANK ) lost 1.64%, (
STERLNBANK ) went down by 1.37%, (
UBA ) shed 1.96%, (
GUARANTY ) lost 0.87%, (
ACCESS ) declined 3.37%, (
UBN ) and (
UNITYBNK ) also shed 3.33% and 1.96% respectively. (
STANBIC )'s gain of 0.98% was like a drop of water in the ocean.
The gains in Cement hulks- (
DANGCEM ) by 0.89% and (
WAPCO ) by 1.77%, managed to reduce the total loss in NSEASI, but did not have enough strength to push it to green.
In the consumer goods sector, (
FLOURMILL ), (
HONYFLOUR ), (
DANGFLOUR ), ( DANSUGAR ) and (
NB ) all went down by 0.81%, 6.37%, 3%, 2.86%, 0.72% respectively. But this sector did see some advances as well, with (
INTBREW ) surging 5.61% and (
UNILEVER ) going up by 0.29%.
Lastly the sentiments at the oil and gas sector was predominantly bearish , (
OANDO ) and (
FO ) went down by 2.29% and 3.51% respectively and the gain in (
JAPAULOIL ) of 3.3% couldn't really save grace.
Reporting for EasyKobo on Thursday, 12 July 2018 in Lagos, Nigeria