On the Bid Cart: Tier one banking stocks dominated market gainers for the day as ACCESS (+952bps), FBNH (+741bps), GUARANTY (+593bps), UBA (+394bps) and ZENITH (+88bps) experienced renewed buying interest. The consecutive capital appreciations in the banking names ensured the Banking index (+8.51%) closed higher for the week. 

On the Offer Cart: UNILEVER once again led other decliners for the day, closing as the worst performing stock with a 947bps decline to settle at N19.60. The consumer goods stock experienced massive sell-offs during the week, shedding over 26.00% WTD while closing the week at its lowest price in 5 years. The negative trend can however be linked to the unimpressive Q3'19 result declared by the company. 

Reporting for EasyKobo on Friday , 8 November 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited