15 August 2018 : Following a N 58 billion loss in the stock value in just two days at week commence, the NSEASI dips further, shedding 213.4 points today and closing the day on a negative note filed by the evil sell-off predominating the market.
Interestingly, there is no single sector to be blamed, and all of them contributed to push the Bourse down the cliff, except the Industrial goods sector which closed flat yet again.
Commending the biggest losers of the day, the consumer goods sector and the oil&gas segment. In the consumer goods segment, (
NESTLE ) shed 3.85%, (
DANGFLOUR ) lost 5%, (
NASCON ) went down by 0.98%, (
CADBURY ) declined by 0.99% and (
DANGSUGAR ) marginally dipped by 0.33%, whereas the oil and gas sector was dragged down by declines in (
OANDO ) by a whopping 9%, (
ETERNA ) by 1.54% and (
JAPAULOIL ) by 3.7%. There was only a marginal uptick in (
FO ) by 0.65% and a surge in (
TOTAL ) by 2.7%, but these couldn't overpower the strong evil decline.
Lastly, in the Banking sector- with all the sector giants plummeting, the sector was doomed to fail. (
ZENITHBANK ) fell by 2.13%, (
GUARANTY ) lost 0.52% and (
UBA ) closed 2.2% lower. These declines overweighed the upticks in (
FBNH ) by 3.14% and (
ACCESS ) by 0.52%.
Reporting for EasyKobo on Wednesday ,15 August 2018 in Lagos, Nigeria