Stocks to Watch   

On the Bid Cart: GUARANTY closed among the top gainers for the day rising 286bps to close at N27.00. The shares of the Banking heavyweight saw a significant decline in October, dipping 14.73% while closing the month at its year low price of N24.90. However, the counter has experienced renewed interest so far in November, gaining 8.43% MTD while reducing its YTD loss to -21.63%.         


On the Offer Cart: UNILEVER closed the day fully offered at N21.65, dipping 998bps below its opening price. The consumer goods company continues to trade at new lows as investors keep on reacting negatively to the rigid macro economic environment in the consumer goods space. The weak sentiment has resulted in a 40.00% devaluation YTD.

Reporting for EasyKobo on Thursday , 7 November 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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