12 March 2020

On the Bid Cart: CAVERTON led the other two gainers for the day, advancing by 10.00% to close at N2.31. The shares of the marine and aviation logistic company were positively patronized after being sold to its year low price of N2.10 yesterday. Following the gain, its YTD performance improved from the -21.35% recorded yesterday to -13.48%.        

On the Offer Cart: Contrary to the improvement witnessed at the local bourse yesterday where a number of stocks closed higher, trading session today was largely dominated by sellers as NB (-10.00%), ZENITHBANK (-996bps), MTNN (-995bps), OKOMUOIL (-993bps), PRESCO (-991bps), UBA (-968bps), ACCESS (-930bps) and GUARANTY (-905bps) among others closed deep in the red.  

Reporting for EasyKobo on Thursday , 12 March 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited