Hot Stocks of the Day!   

14th June, 2019

On the Bid Cart: FO closed nearly limit up today rising 991bps to settle at
N29.40. The stock traded on full bid through out the session. FO hits its year high of N35.30 at the beginning of May after which it saw some steep declines as investors took profit on the inflated price. FO is currently trading 21% above its year low of N24.30 and has returned 2% YTD (Oil & Gas sector: -17% YTD).

On the Offer Cart:  INTBREW led the offer cart today, shedding 725bps to settle at its new year low of 
N18.55. The stock was trading with a 0.3x bid/offer ratio at the close of trading. The best fit line of the price chart of the stock shows a downtrend from the beginning of 2018, when it was trading as high as N64.00, till date, during which period is has shed 71%. INTBREW started the year at N30.00 levels and has declined 39% YTD.

Reporting for EasyKobo on Friday , 14 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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