21st October, 2019

On the Bid Cart: CORNERST emerged as one of the top gainers for the day, rising 938bps to close at ?0.35. The counter closed fully bidded at its intra-day maximum price (?0.35) as investors scrambled for position in the shares of the Insurance stock which has shown a negative correlation with the performance of the ASI (-16.04% YTD), with a YTD return of 75.00%.         

On the Offer Cart: Cart: WAPIC started the week with a negative performance, closing 857bps below its opening price to settle at ?0.32. The counter closed at its lowest price for the year and trades at a discount of 31.91% to its 52 week high price of ?0.47. WAPIC has lost 23.81% YTD (AIICO: 6.35%; CONTINSURE: 20.94%; CUSTODIAN: 9.73%; Insurance Sector: -5.50% YTD).

Reporting for EasyKobo on Monday , 21 October 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited