Stocks to Watch   

26th March, 2020

On the Bid Cart: Stocks in the Banking sector extended yesterday's positive performance as all Tier 1 banking stocks; ACCESS (+982bps), UBA (+729bps), GUARANTY (+526bps), FBNH (+375bps) and ZENITHBANK (+298bps) closed higher. Investors' continued to take positions in the Tier 1 banking names that have declined significantly due to the downside pressure at the domestic bourse.            

On the Offer Cart: NESTLE closed today's session as the highest decliner, down by 10.00% to close at its intra-day low price of N765.00. The Consumer goods heavyweight have been significantly affected with the bearish trend at the local bourse, reporting a YTD loss of 47.96% while trading at a discount of  51.58% to its 52 week high price of N1,580.00.    

Reporting for EasyKobo on Thursday , 26 March 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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