29 April 2019 : Following the release of positive Q1'19 earnings (+58% PAT y/y), WEMABANK gained 857bps to settle at N 0.76 (+21% YTD). After shedding points for most of the short week, the stock recovered lost ground in today's session. 

On the Bid Cart:  JBERGER gained 978bps today on the back of positive Q1'19 earnings, posting Revenue growth (+78%). The construction heavyweight traded on full bid (limit-up) for most of the session but closed with a 4.1x bid/offer ratio (N1.50 spread) at the close of market. The stock settled at N24.70, a 23% YTD return. Worthy of note is FO which gained 993bps to settle at N32.10, ahead of the release of its Q1'19 results.

On the Offer Cart:  Releasing its Q1'19 results, posting a loss of N 474 million, TOTAL shed 874bps to settle at N 166.10 (-18% YTD) after remaining flat all through last week. The stock traded with a 0.43x bid/offer ratio ( N 6.00 spread) at the end of the session.

Reporting for EasyKobo on Monday , 29 April 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited