Bears claw their way back to Bull territory   

22nd July, 2019

The Nigerian bourse returned to negative territory after closing in the green at the close of last week. The NSE ASI shed 40bps on the day to settle at 27,808.69 points in a session characterized by weak activity, though only marginally below Friday's levels. Market breadth was 1.36x negative with 14 advances vs. 19 declines.

What will shape the market tomorrow? 

The NSE ASI traded below its opening level for most of the session before experiencing some volatility towards the close of trading courtesy of DANGCEM. As such, despite the attractive entry points across the board, we foresee another session of declines tomorrow. 

Reporting for EasyKobo on Monday , 22 July 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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