Tug of war between stocks, results in a marginal win of the ASI Bulls   


10 April 2019 : ASI experienced a marginal increase of 0.15%, courtesy the increase in bellwether stocks, this resulted in the YTD reducing to -7.09% and market capitalisation going up to N 10.96 trillion.


This increase was supported majorly by the banking and industrial goods: of course the powerhouse of the market ( DANGCEM ) closed higher by 1%, while ( CCNN ) and ( WAPCO ) decline by 1% and 4.48% respectively.


Similarly, in the Banking sector, while ( ZENITHBANK ) rose by 0.45%, ( GUARANTY ) another banking giant fell by the exact same percentage : 0.45%, but the outlook for the banking sector was predominantly bullish, owing to the increase in ( UBA), ( FBNH )  and ( ACCESS ) by 0.15%, while ( ETI ) grew by 0.1%. On the other hand ( STANBIC ) fell by 0.2%.


The consumer goods sector was predominantly bearish owing to the declines in ( UNILEVER ) by 1%, ( DANGFLOUR ) by 0.5%, ( PZ ) BY 0.95% and ( CADBURY ) by 0.4%, only ( DANGUSGAR ) sided with the bulls rising by 0.1%.


The oil and gas sector, was mostly flat, slightly tilted towards a bullish sentiment, owing to the 0.1% increase in ( ETERNA ).


Reporting for EasyKobo on Wednesday , 10 April 2019 in Lagos, Nigeria




Copyright @ 2010-2019 Easykobo.com by Naija infotech & solar energy ltd. All rights reserved