21 February 2020

On the Bid Cart: JAIZBANK led the other 13 gainers for the day, increasing its value by 952bps to N0.69. The counter has enjoyed positive investor patronage in the last 5 months, trading at a 102.94% premium to its 52 week low price of N0.34 and just 11.54% below its 52 week high price of 0.78%.        

On the Offer Cart: Stocks in the consumer goods sector continued to experience negative market sentiment as NESTLE (-902bps), UACN (-667bps) and NB (-592bps) closed among the top decliners for the day. Following the declines across board, the sector's value depreciated by 5.39% today while increasing the YTD loss to -19.66%.  

Reporting for EasyKobo on Friday , 21 February 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited