Sideways trading persists, NSE ASI down 10bps
What shaped the market today?
 Nigerian equities maintained a negative close, albeit marginal, as declines in Financials overturned gains in some key sectors. On the global scene, markets extended their week-long rally despite a surprise BOE decision to leave rates unchanged as investors continued to look forward to other Central Bank meetings.
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 The Oil & Gas sector (+133bps) came off a five-day downward trend as gains in FO (+500bps) outweighed declines in MRS (-500bps) and OANDO (-29bps). Consumer Goods (+40bps) closed in the green thanks to price appreciation in HONYFLOUR (+952bps), UNILEVER (+500bps) and DANGSUGAR (+303bps). However, the Financial Services Sector (-145bps) slid further amidst declines in SKYEBANK (-896bps), DIAMONDBNK (-317bps) and GUARANTY (-294bps). The Industrial Goods sector closed flat.
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 FBNH topped the volume chart, trading 32 million units whilst DANGCEM topped the value chart trading, 2.2 million units worth N419 million.
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What will shape the next trading session?
 With sentiment still appearing somewhat tepid amidst weak market indicators, we foresee further sideways trading with a downward bias in session ahead.
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