07 August 2018 ( Lagos ): The equity sector continues the week on a negative note as investors continue to weigh the nation's political chess game and a mixed bag of H1 score-cards.When the decliners continue to royally outnumber the advancers, ASI hanse choice but to shed 145.62 points and lose 0.4%.
Today, the Banking sector and mainly the Oil and gas sector promoted this decline. In the Banking sector, (
ZENITHBANK ) closed 0.84% lower, (
GUARANTY ) lost 2.12%, (
UBA ) dipped by 1.03% and (
ACCESS ) fell by 0.5%, of course, these declines outweighed the upticks in (
FBNH ) by 0.51% and (
ETI ) by 0.23%
The oil, gas and energy sector led major laggards today with declines in first and second tier stocks like (
OANDO ) dipped by 0.87%, (
SEPLAT ) majorly went down by 8.45%, (
ETERNA ) lost 1.61% and (
FO ) declined by 2.34%, obviously an uptick in the third tier (
JAPAULOIL ) did not make any difference.
The consumer goods sector was the sole gainer of the day following upticks in (
FLOURMILL ) by 3.66%, (
NB ) by 2.08%, (
CADBURY ) by 4.74%. The decliners of the sector were (
DANGFLOUR ) by 1.2% and (
NASCON ) by 0.5%.
Industrial goods sector was also punched by the bears, after (
WAPCO ) fell by 1.97%.
In terms of stocks traded, (
WEMABANK ) reported the highest number of stocks traded= 53.5 million worth N 37.4 million; followed by (
GUARANTY )= 23.4 million worth N 925 million, (
UBA )= 22.1 million worth N 213.9 million; (
DIAMONDBNK ) = 16.93 million worth N 21.2 million, and lastly, (
UCAP )= 14.2 million worth N 43.22 million
Reporting for EasyKobo on Tuesday ,07 August 2018 in Lagos, Nigeria