18th June, 2019

On the Bid Cart: The second consecutive insurance company to lead the bid cart, NEM gained 878bps to settle at N2.23 after trading on full bid for most of the session. The insurance company has declined 17% YTD (Insurance Sector YTD: -8%), the stock hit its year low of N1.72 in January and is now trading 30% above that level low.

On the Offer Cart:  OKOMUOIL closed limit down (-10.00%) settling at N66.60 to lead the offer cart today. The palm oil maker traded on full offer towards the end of the session with little demand to match the vast supply of the stock. The steep decline to its year low came after a month of trading flat. The stock traded as high as N85.00 in February and has now declined 13% YTD (vs. PRESCO's 14% YTD decline).

Reporting for EasyKobo on Tuesday , 18 June 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited