Equities Market Reverses Gain as Bearish Trend Perseveres


The equities market for the week ended Friday July 6, 2018 on a negative note as the bears reversed gains recorded in the previous week by 1.71 percent to close at 37,625.59 points.

In the same vein, the Year-to-Date return also close negative, at 1.61 percent as four of the five trading sessions, reflecting the negative climate closed in red, as sell pressures ensued in value stocks.

Specifically, the Consumer Goods sector topped the dropping by 3.49 percent while the Oil & Gas fell by 2.87 percent Industrial Goods depreciated by 2.77percent, and Banking dipped by 0.07 percent indices followed suit.

On the other hand, the Insurance sub-sector with 0.53 percent was the sole gainer. 40 stocks recorded losses inn share prices during the week in review, led by Forte Oil Plc with a loss of 19.79 percent, while Mutual Benefit Assurance Plc gained 21.62 percent to lead led the 25 price gainers

Leave a Reply

Your email address will not be published. Required fields are marked *