29th October, 2019
On the Bid Cart: CORNERST came behind REDSTAREX (+988bps) as a top gainer, gaining 976bps to close at its intra-day high price of N0.45. CORNERST enjoyed investor patronage today, with a bid/offer ratio of 137.7x (over 600k bids against 4800 units on offer), pushing the company's YTD performance to +5.95%.
On the Offer Cart: WAPCO trailed CHAMS (-435bps) and NAHCO (-408bps) to close among the top decliners, down 401bps to close at N14.35. Today's performance resulted from profit taking action by investors on gains made in yesterday's session. Investors rallied around the counter yesterday after impressive Q3'19 earnings were reported by the company. However, despite profit taking, WAPCO's YTD return remained positive at 15.25%.
Reporting for EasyKobo on Tuesday , 29 October 2019 in Lagos, Nigeria
Source: Vetiva Capital Management Limited