26 November 2019

On the Bid Cart: UNILEVER trailed AIICO (-909bps), as the worst performer for the day, with a decline of 659bps  to close at N16.30. In spite of the rally experienced in recent sessions, UNILEVER has failed to move in the same direction as other mid cap consumer stocks. With a decline of 38.95% so far in November, the counter's YTD performance has worsened to -55.95%.     

On the Offer Cart: AIICO closed the day as the biggest loser, dropping 909bps to close at N0.70. Shares of the Insurance firm have remained strong and defensive in spite of the persistent bearish trend of the overall index so far in 2019, recording a YTD return of 11.11%.    

Reporting for EasyKobo on Tuesday , 26 November 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited