Banking Bulls sneakily bootleg optimism back into ASI at week open   

08 October 2018 : The equity market opened the week on a positive note, rising 0.19% buoyed by gains in the Banking sector. Following the gains, the YTD decline fell to 15.16%. The advances in ( ZENITHBANK ) by 0.93%, ( GUARANTY ) by 0.41%, ( STANBIC ) by 1.06%, ( FBNH ) by 1.69% and ( UBN ) by 2%, was good enough to sway the ASI to the positive direction. 


The other sector that boasted of bullish sentiment was the consumer goods sector fueled by a 2.13% gain in ( HONYFLOUR ) and 0.33% gain in ( NB ). 


While the industrial goods sector closed flat, the oil and gas sector was the only sector which was predominantly bearish following decline sin ( ETERNA ) by 2.36% and ( JAPAULOIL ) by 4.17%.


Reporting for EasyKobo on Monday , 08 October 2018 in Lagos, Nigeria


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