22 November 2019

On the Bid Cart:  OKOMUOIL(+10.00%) was clearly the best performer of the day after closing at its limit high in today. A late cross at the maximum price for the day was sufficient to push the counter higher. The oil palm producer which closed at N55.00, still trades at a discount to its year high price of N85.00 which it peaked at in February, but  iis significantly higher than its 52-week low of N40.00.

On the Offer Cart: Profit taking in JAIZBANK(870bps) brought down the share price of the non-interest bank today. The stock has enjoyed investors interest since the beginning of the month after moving to its highest price for the year (N0.78) at the start of the week. However, the share price settle at N0.63 today after losing for the fourth consecutive trading session. 

Reporting for EasyKobo on Friday , 22 November 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited