100412: All-Share Index dips by -0.41% as market sentiment turns negative

As investors return from the Easter break, trading activities on the Nigerian bourse closed downtrend to open the first trading day of the week pessimistic with a depressed market breadth while Oando Plc informed the market of a likely decrease in its budgeted profit forecast for the FYE 2011 which will be released on or around 10th May, 2012.

Nevertheless, the key benchmark indices retraced as sentiments turned red, taking hits majorly from Small CAP stock which was particularly driven by OKOMUOIL while Medium CAP stocks also contributed to the outlook recorded today due to selling activities witnessed in Consumer Goods sector.

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