04 December 2018 : After what felt like decades of draught, the market finally experienced sprinkles of rain, with the ASI rising by 0.68%, resulting in the YTD slightly improving to -18.92% and the market capitalisation rising to N 11.25 Trillion.
The credit primarily goes to the Banking Bulls, that saved the market from its agony, albeit temporarily. ( GUARANTY) and (
STANBIC ) were amongst the highest gainers boasting a gain of 3.75% and 1.09% respectively; (
ZENITHBANK ) grew by1.69%, (
UBA ) jumped by 6.67%, while (
FBNH ), (
ETI ) and (
ACCESS ) rose by 2.7%, 0.31% and 0.67% respectively.
The consumer goods sector did observe some negative sentiment, but the sector was broadly positive and Bullish, with (
HONYFLOUR ) rising 1.85%, (
DANGSUGAR ), (
FLOURMILL ) and (
DANGFLOUR ) surging by 0.38%, 0.5% and 0.81% respectively. (
UNILEVER ) and (
NB ) dragged the sector down by 0.4% and 0.5% respectively.
The industrial goods sector closed negative owing to the bearish performance of (
WAPCO ) by 4.48%
Reporting for EasyKobo on Tuesday , 04 December 2018 in Lagos, Nigeria