ASI got attacked by Bears on their camping trip   

8th May 2019 : The All Share Index shed 45bps today as investors continue to take profit from the market. Trading activity returned to normalcy with value traded rising 14% d/d. Market breadth evened out with 21 advances and 21 declines though three of four key sectors closed under. 

What will shape the market tomorrow? 

Whilst prices appear to be attractive, as the ASI dipped below the 29,000 point mark for the first time since Q1'17, Investors appear to be bearish as they continue to divest on select names and take profit on other names. As such, analysts expect market players to hunt for bargains on beating down stocks tomorrow but do not rule out the possibility of a decline induced by sell-offs.

Reporting for EasyKobo on Wednesday , 08 May 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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