10th June, 2019

On the Bid Cart: CHIPLC gained 10.00% to settle at N0.22 to lead the bid cart today. The stock was trading on full bid at the end of the session. The rise in the price comes after hitting its year low of N0.20 (and exchange price floor) in the previous session and could be investors taking advantage of the price bottoming out. CHIPLC traded at its one-year high of N0.38 coming into the year and through most of January before it began to decline.The stock has shed 42% YTD.

On the Offer Cart:  UNITYBNK lost 10.00% to settle at N0.63. The stock was trading with a 0.6 bid/offer ratio at market close, indicating more supply than demand on the security. The bank has shed 45% from 18th February, when it hit its year high - N1.14, till date. UNITYBANK has declined 41% YTD while the Banking sector has shed 11% over the same period.

Reporting for EasyKobo on Monday , 10 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited