160412: Market sentiments turn negative; SKYEBANK declares 25k dividend
Today, the bears return in style to open the first trading day of the week red as the marginal gain recorded in the previous session was erased while sell pressure outweighed bargain activities amid low volume turnover and Naira votes with market breadth also closing depressed.
Nevertheless, the key benchmark indices sustained downtrend as sentiments turned bearish, taking hits majorly from Small CAP stocks which was particularly driven by CONOIL while Large CAP stock also contributed to the outlook recorded today due to selling activities witnessed in Financial Services sector.
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