17th March, 2020

On the Bid Cart: A number of mid/large cap stocks enjoyed positive investor patronage today including but not limited to, WAPCO (+10.00%), ACCESS (+10.00%), CADBURY (+962bps), FBNH (+811bps), NB (733bps), ZENITHBANK (+547bps), GUARANTY (+316bps) and MTNN (+204bps). The positive performance is largely due to bargain hunting in counters  that have recorded significant declines recently.        

On the Offer Cart: DANGCEM led the other 11 market decliners for the day, shedding 10.00% to close at its intra-day low price of N137.70. Following the persistent sell pressure in the most capitalized stock, the Counter fell to its 4 year low price today and trades at a 50.48% discount to its five year high price of N278.00.  

Reporting for EasyKobo on Tuesday , 17 March 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited