NSE ASI caps choppy week in negative territory
What shaped the market today?
 The Nigerian equity market shed more weight at week close, albeit marginally (-13bps), as gains in the Financial Services sector were outweighed by losses in other key sectors. On the global front, major indices traded mixed with a bearish bias as investors reacted to smaller-than-expected stimulus package from Bank of Japan, below-view U.S. Q2 GDP (1.2%y/y vs market expectation of 2.6%), lower commodity prices and mixed earnings releases.
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 The Financial Services (+164bps) sector rebounded on the back of advances across sector leaders ZENITHBANK (+368bps), GUARANTY (+234bps) and ACCESS (+127bps). The Industrial Goods (-142bps), Consumer Goods (-73bps) and Oil & Gas (-60bps) sectors however declined further closed lower amidst declines across WAPCO (-345bps), NB (-52bps), PZ (-971bps) HONYFLOUR (-500bps) and OANDO (-492bps).
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 Market breadth remained negative with 19 advances and 30 declines.
What will shape the next trading session?
 We expect mixed trading pattern to persist in the coming sessions as investors continue to react to the mixed earnings numbers.
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