May & Baker Plc dives below 7yrs low as investors sell-off.
A technical analysis of the stock performance reveals an unrelenting sell tendency and increased price volatility towards the stocks despite the sustained optimism and steady bullish run witnessed in the market recently- a pointer to strong negative sentiment from both investors and the shareholders.

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Sentiment Analysis Report – W/E May 11, 2012
Analysis of the market activity in the week ended May 11th 2012 technically revealed a decline in market optimism and weak bargain drive with significant increase in speculative activities in the investors’ trading pattern as against an improved market optimismis and sustained positive sentiments with steady active bargain tendency observed in the previous week’s performance.
In the week just ended, weak bargain and profit taking tendency was observed across the major sectors as market sentiments turned negative, mainly towards big and medium CAP stocks. However, there is concentration of weak bargain postures is some active sectors while we observed fresh and sustained moderate sell tendency in some unattractive sectors.
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MARKET SURVEY/PROMO
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Taxation & nnnnn
FIRS arrests CE0s of seven companies over N2.17bllion tax debts
Thomson Reuters debuts SEC reporting system |
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People & Global Market
Three to Exit J.P. Morgan after Losses
Yahoo CEO Thompson to Step Down
IOSCO Holds 37th Annual Conference in Beijing, China
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Corporate Earnings
Corporate Earnings for the Week Ending 11th May, 2012
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