17th May 2019 

On the Bid Cart: MTNN closed limit up (+10.00%) to settle at N 108.90. The stock traded 32 million units amounting to a value of N 3.5 billion. The company was listed by introduction yesterday and has provided respite for the bourse since then. We foresee the stock driving the market to further gains in coming sessions.

On the Offer Cart:  FO Led the offer cart for the second session this week as investors continues to take profit on the rally seen on the stock from the end of April till early May. The stock closed limit down (-10.00%) to settle at N 28.35. FO is trading 17% above its year low of N 24.30.

Reporting for EasyKobo on Friday , 17 May 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited