24 July 2019

On the Bid Cart:  SEPLAT led gainers today climbing 938bps to close at N525.00. After remaining at its 52week low (N480.00) for four sessions, SEPLAT appreciated today on the back of bargain hunting on the low price. On the global scene, Oil prices remain volatile amidst international tensions and sanctions from the United States, however the price of oil has remained healthy. SEPLAT has declined 18% YTD (Oil & Gas sector: -21% YTD).

On the Offer Cart: UNITYBNK shed 937bps today to settle at a 52-week low of N0.58. The lower tier bank traded as high as N1.14 in February and is now trading at a 49% discount to the high price. UNITYBNK has declined 46% YTD (Banking sector: -16% YTD). 

Reporting for EasyKobo on Wednesday , 24 July 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited