Mild losses at week open, NSE ASI down 11bps
What shaped the market today?
 The Nigerian bourse opened the week down 11bps from previous close, following mixed performances across weighty sectors. Global markets traded mostly up as investors anticipate decisions from the U.S Federal Reserve and the Bank of Japan later this week.
 The Industrial Goods (-160bps) and Oil & Gas sectors (-389bps) were the biggest drags on the NSE ASI at today’s session following losses in DANGCEM (-251bps), FO (-974bps) and SEPLAT (-500bps). The Financial Services sector (+170bps) and Consumer Goods sector (210bps) however closed higher following advances in ZENITHBANK (+182bps), GUARANTY (128bps) and NB (+500bps).
 ZENITHBANK topped the volume and value chart, trading 115 million units N425 million.
 Market breadth remained positive with 27 advances and 17 declines.
Please click here for details of market performance.
What will shape the next trading session?
 Although the market lost today, we note a couple of turnarounds in key large caps, particularly in the Financial Services sector. We think this could provide support for mild gains in the sessions ahead.
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