Bears maintain a hold on the equities market as ASI pares 0.34%

The NSE-ASI contracted on Tuesday as it slid 0.34% to place YTD returns at -11.90%. Analysis by sector using the NSE-Sector indices showed that NSEBNK10 and NSEIND declined 0.41% and 0.71% accordingly. The Industrial index pared on account of negative sentiment in DANGCEM (-1.2%) as did banking by losses in GUARANTY (-0.4%) and UBA (-0.2%)….