20 July 2018 ( Lagos ) : Finally a sprinkle of rain after a 6-day draught.The equity sector shares a very special relationship with mid-day, despite opening on a negative note today, the NSEASI surged by mid-day, finally closing at green, gaining 0.37%. After trending on a downward spiral throughout the week, market closed the week on a bullish note.
Wresting champion (
DANGCEM ) came to rescue, appreciating by 2.04%. Other blue chip companies joined the bandwagon and pulled the market out of the canyon, wiz; (
ZENITHBANK ) rose by 0.22%, (
NB ) surged by 1.8%. Some mid-weight companies also showed stellar performances, with (
FBNH ), which was amongst the top 10 index movers of last year, surged by 2.84% today, along with (
STANBIC ) that grew by 2.52%. (
UNILEVER ) also grew by 0.29% following their positive H1'2018 results declaration. (
OANDO ) which is the largest listed energy company in Nigeria, grew by 6.73%, despite all the court confrontation the firm is going through.
Talking about the firms that led laggards, from a sectorial standpoint, The consumer goods segment was largely bearish today, following declines in (
NESTLE ) by 0.85%, (
INTBREW ) by 4.34%, (
DANGFLOUR ) by 4.21%, (
FLOURMILL ) by 1% and (
DANGSUGAR ) by 9.23% .
The advances in the Banking sector outweighed the dip in (
UBA ) of 1.55%. Similarly, the advances in (
OANDO ) , (
FO ) by 3.33% overshadowed the dips in (
ETERNA ) of 5.8% and (
JAPAULOIL ) by 8.82%.
(
CCNN ) was the top gainer of the day, surging by 8.26%, and hence the decline in (
WAPCO ) by 4.41% was outweighed.
In terms of performance of the NSE- market indices, the index stands at an overall YTD loss of 4.29%.In terms of shares being traded, (
STERLNBANK )
recorded the highest volume of 317 million traded shares, followed by ( MEDVIEWAIR ) (100m), ( ZENITHBANK ) (64.93m) and ( LAWUNION ) (50.07m).
Reporting for EasyKobo on Friday, 20 July 2018 in Lagos, Nigeria