06 August 2018 ( Lagos ): The equity market opened the week on a negative note, spreading pessimism like wildfire. The NSEASI shed 20.25 points dropping by 0.06%. Although the dip is marginal,it seems like this bearish trend is here to stay, as it trends back to a YTD loss of 4.6%.
The consumer goods sector was the biggest loser of the day as it witnessed gigantic dips in (
FLOURMILL ) of 8.89%, (
DANGFLOUR ) of 7.78%, and the sector's bellwether stock- (
NB )by 2.04%, (
CADBURY ) also declined by 2.56%, (
UNILEVER )'s negligible uptick by 0.1% couldn't make much of a difference.
The oil and gas sector went though some mixed sentiments today, tilting towards Bullish. while (
OANDO ) rose by 2.68%, (
ETERNA ) went up by 2.48% and (
FO ) gained 0.64%; (
OKOMUOIL ) lost 3.83% and (
JAPAULOIL ) closed 3.33% lower.
The banking sector also pushed hard to close positive, and almost made it, with upticks in (
ZENITHBANK ) by 0.42%, (
UBA ) by 2.65 5, (
STANBIC ) by 0.2%, (
ETI ) by 4.27% and (
ACCESS ) by 0.5%, overweighed the dips in (
GUARANTY ) by 0.12% and (
FBNH ) by 1%.
While (
DANGCEM ) decided to plunge by 0.44%, (
WAPCO ) tried to be the hero of the sector by gaining a massive 8.93% .
( UBA ) recorded the highest volume of 21.7 million traded shares, followed by ( UCAP ) (20.37m), ( REGALINS ) (16.87m) and ( ACCESS ) (13.87m)