120412: NSE ASI dips by -0.35%; Sterling Bank Plc proposes 10k Cash Dividend

Today, the bears continue to exert their grip on the market as trading activities closed negative for the third session in a row; market breadth closed depressed with two losers for every gainer recorded while Sterling Bank Plc proposes 10k dividend with its full Audited Financial Statements to be transmitted to the market tomorrow, April 13, 2012.

Nevertheless, the key benchmark indices sustained downtrend as sentiments remained bearish, taking hits majorly from Medium CAP stock which was particularly driven by MOBIL while Large CAP stocks also contributed to the outlook recorded today due to continuous sell pressure witnessed in Consumer Goods, Financial Services and Industrial Goods sectors.

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