Stocks to Watch   

7th June, 2019

On the Bid Cart: CUTIX led the bid cart today rising 667bps to settle at
N1.60 after hitting its year low in the previous session. The gain today could be a factor of bargain hunting on the deflated price of the stock. CUTIX traded as high as N2.25 in march and has shed 29% since that peak. The company has declined 2% YTD.

On the Offer Cart:  PZ shed 982bps settling at
N7.35 to lead the offer cart today. The stock went on a 45% downtrend from the year high of N13.45 at the beginning of March to its year-low today. In the course of twelve months (July 2018 till date), PZ has shed 64% amidst the poor performing broader sector. The Consumer Goods company just celebrated its 120th Anniversary in Nigeria and has now declined 39% YTD worse than the 17% decline for the Consumer Goods sector.

Reporting for EasyKobo on Friday , 07 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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