Stocks to Watch   


5th September, 2019


On the Bid Cart: Investors continue to react positively to the announcement made by the Board of Directors of UAC of Nigeria Plc (UACN) and UACN Property Development Company Plc (UPDC) in respect of the strategic initiatives involving a recapitalization and restructuring of UPDC. Subsequently, UACN and UAC-PROP
both gained 10.00% today closing higher at N5.50 and N0.99 respectively.

 

On the Offer Cart: IKEJAHOTEL (-930bps) topped laggards for the day, leading the other 18 decliners and closing fully offered at N1.17. The counter has been sold down so far this week, shedding 18.18% WTD while recording a -15.69% YTD loss.


Reporting for EasyKobo on Thursday , 05 September 2019 in Lagos, Nigeria


Source: Vetiva Capital Management Limited


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