25 March 2019 : Last week bears dominated the bulls in 4 out of 5 trading sessions resulting in a 0.01% dip in the ASI w/w to close at 31,139.35 points by the end of last week.

As a result the market capitalisation also took the brunt and fell to N 11.612 trillion as sell-offs in the bellwether stocks outran the last-minute bargain hunting ventures.

Breaking it down by sector, it seems that all the indices finished lower with the exception of the NSE CG, NSE Premium, NSE ASeM, NSE Banking, NSE-AFR Bank Value, NSE AFR Div Yield, NSE Industrial Goods and NSE Pension indices which appreciated by 0.66%, 0.27%, 0.55%, 3.82%, 4.76%, 2.97%, 2.42% and 0.71% respectively

Hopefully, the bargain hunters can extend their activities and investors could get some positive returns this week.

These were the top underperforming stocks last week that drove the loses.

COMPANY                                                                                   LOSS%

CUTIX PLC                                                                                    -17.78          

• CADBURY NIGERIA PLC                                                 -17.50
• IKEJA HOTEL PLC                                                             -17.39
• ROYAL EXCHANGE PLC                                                  -17.14
• UACN PROPERTY DEVELOPMENT COMPANY PLC   -12.82
• SOVEREIGN TRUST INSURANCE PLC                           -12.00
• SKYE SHELTER FUND PLC                                              -10.00
• PRESC PLC                                                                           -9.33 
• ASSOCIATED BUS COMPANY PLC                                -9.26
• BETA GLASS PLC.                                                              -8.92

Reporting for EasyKobo on Monday , 25 March 2019 in Lagos, Nigeria