09 August 2018: As the sell-off pressures intensifies, the equity sector is slayed by the bears in yet another day of negative trading. Although the decline is quite marginal, as it only shed 67.16 points. But Plummeting can never be good, marginal or not.
The Banking and Oil bears conspired together to take the market down, with declines in (
ZENITHBANK ) by 0.63%, (
UBA ) by 0.53%, (
FBNH ) by 4.52%, (
MOBIL ) by 5.56% and (
JAPAULOIL ) by 10%; the marginal upticks in (
STANBIC ) by 0.2%, (
ETI )by 0.45% and (
ETERNA ) by 1.67% stood no chance in the battle of survival of the fittest.
The consumer goods sector faced mixed sentiments tilting towards bearish, while (
INTBREW ) closed 1.64% higher, (
PZ ) closed 1.4% lower and (
VITAFOAM ) lost 10%.
In terms of shares traded, (
UBA ) reported the highest number of shares traded= 27.2 million worth N 260.23 million, followed by (
LAWUNION )= 25 million worth N 22.5 million, (
ZENITHBANK ) = 19.9 million worth N 471.38 million and lastly (
COURTVILLE ) = 19.6 million worth N 4.1 million.
Reporting for EasyKobo on Thursday ,09 August 2018 in Lagos, Nigeria