17th June, 2019

On the Bid Cart: PRESTIGE closed limit up (+10.00%) today to settle at N0.55. The insurance company has returned 10% YTD (Insurance Sector YTD: -8%) and is currently trading at its year high. Likewise, FO extended gains into today's session rising 986bps to settle at N32.30. The stock is now trading only 8% below its year high and has returned 13% YTD.

On the Offer Cart:  NAHCO declined 635bps settling at N2.80 to lead the offer cart today. The aviation handling company appointed new management staff at the end of May and announced a partnership with Turkish Airlines, which could be the reasons for gains seen around the period. After this, the stock went on a 17% downtrend to settle at today's closing price (N2.80).With the listing of rival SAHCO earlier this year, NAHCO is no longer the only company in its niche industry on the Exchange. The stock has declined 23% YTD.

Reporting for EasyKobo on Monday , 17 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited