Equity Market Report   

10th June, 2019

The Nigerian Bourse carried over the bearish sentiment from last week into the new week as the All Share Index shed 36bps to settle at 30,322.19 points. Market activity remained around the same levels we saw at the close of last week with all key sectors closing in the red. Sentiment was bearish with 1.27x negative market breadth (15 advances vs. 19 declines). Today's performance brings the YTD performance of the Index to -3.53%.

What will shape the market tomorrow? 

The week got off to a slow start with no drivers to boost market performance. As such we foresee another session of mild declines in the absence of any catalysts to sway the direction of the index. We highlight that current market levels pose an attractive entry point for unexposed investors.      

Reporting for EasyKobo on Monday , 10 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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