Daily Market Performance: CommentaryNegative Sentiment Prevails, Indices Go Down: AP Still in Winning Streak, Nestle, Total Shed Heavily :: 
The decline in key market indices captured the overall negative sentiment that prevailed in the market's Tuesday trading. Prices losses were still more dominant, with heavy weight-shedding by NESTLE (12.00) and TOTAL (9.37). Most of the 51 stocks that went down in price took losses that were in high naira value and near the 5% movement limit. ETI (N), WAPCO (N), CAP (N), CONOIL, GUINNESS and ASHAKA were top losers, too.That took the All-share index down for the third day in a row, as it shed 613 points or 1.05%. AP however kept its hold to its price and still pushed up
Top trade value performance was an all-banking affair as the top ten trades in value were bank stocks. Investors have kept an abiding interest in bank stocks, which keeps those stocks very liquid. AFRBANK, WEMABANK, UBA, INTERCONT and IBTC led in traded value. Total units and value were however down from previous day by 22.70% and 25.00% respectively. After it's initial burst of energy at the start of the year, the market has clearly throttled down, shedding some value for three days running. It would all be characterised, though, as market sentiment as no adverse economic variables have emerged to point to any deterioration of the operating environment and in any key economic fundamentals.
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