Stocks to Watch   


7th August, 2019


On the Bid Cart:  AIICO topped gainers chart today up by 938bps to close at N0.70/share. AIICO hits a year low of N0.60/share on 26th of July after which investors resulted into bargain hunting which triggered a 17% gain over 8 sessions. The price appreciation was supported by the release of positive H1’19 result (PAT: +52% Y/Y). AIICO has returned 11.11% YTD ([LASACO: 5.88% d/d; 20.00% YTD], [Insurance sector: -1.92% d/d; -15.43% YTD]). 

On the Offer Cart: JAIZBANK closed the day on offer dropping 714bps to settle at
N0.39/share. The current price of N0.39 is an all-time low price for the firm and a discount of 73% to its peak price (N1.42). The stock was on full offer towards the close of today’s session. JAIZBANK has been on a downward trend since February 2019 shedding 27% YTD (WEMABANK: -12.70%; Banking sector: -19.15%).


Reporting for EasyKobo on Wednesday , 07 August 2019 in Lagos, Nigeria


Source: Vetiva Capital Management Limited

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