03 August 2018 ( Lagos ): The equity market has been on a sort of of sin x curve this week. One day it closes under, and the next day it rebounds. But the sector ended the week on a negative note. losing 184.29 points. Interestingly, all the sectors closed red today, with terrible performances from their First and second-tier stocks.
Starting with the sector that led the most laggards- the consumer sector, with dips in (
INTBREW ) by 8.68%, and (
CADBURY ) by 8.88%, these two, topped the top losers list of the day and also dragged the sector down, (
DANGSUGAR ) also went down by 4.19%, (
FLOURMILL ) joined in to lose 0.55%, and ( UNILEVER. ) also declined by 0.29%. These declines obviously overweighed the surge in (
NB ) by 3%.
The hero of yesterday became the villain of today, following declines in (
GUARANTY ) by 0.25%, (
UBA ) by 4.06%, (
STANBIC ) by 0.4%, (
FBNH ) by 3.87% and (
ETI ) by 3.87%, these declines nullified the uptick in (
ZENITHBANK ) by 0.85%.
The oil and gas and Industrial goods sector witnessed mixed sentiments, tilting towards a bearish sentiment, (
SEPLAT ) rose by 0.85% and (
ETERNA ) closed 0.83% higher, but (
FO ) declined by 4.49%. Similarly, while (
CCNN ) gained 0.49% and (
WAPCO ) recorded a 0.72% increase, (
DANGCEM ) lost 0.43% on its share price.
In terms of Volume of shares traded, (
NAHCO ) recorded the highest volume of traded shares = 59.6 million with a value of N 235.4 million. (
UBA ) came second with 29.3 million traded shares worth N 282.9 million. (
DIAMONDBNK ) followed by witnessing a trade of 20.2 million shares worth N 24.7 million, next was (
FBNH )= 17.2 million shares worth N 172.9 million. Lastly,(
NIGERINS ) traded 15.3 million shares worth N 4.6 million.
Reporting for EasyKobo on Friday ,03 August 2018 in Lagos, Nigeria