Stocks to Watch   

2nd April, 2020

On the Bid Cart: The most capitalized stock (DANGCEM), recovered part of the significant decline recorded yesterday, rising 993bps to close the day at ?128.40. However, the counter which traded sideways for most part of the trading period closed higher due to the cross deal that occurred just before the pre-close session. Following today's upward movement, its YTD performance improved from the -17.75% recorded yesterday to -9.58% YTD (WAPCO:-33.33% YTD; BUACEMENT:+0.86% YTD).    


On the Offer Cart: Though the domestic bourse closed the session in the green (thanks to the positive performance in DANGCEM), sell pressure however persisted in today's session, as a number of mid/large cap stocks such as: NB (-927bps), INTBREW (-654bps), MTNN (-569bps), FBNH (-513bps), ACCESS (-435bps), ETI (-370bps), ZENITHBANK (-351bps), UBA (-202bps) and GUARANTY (-142bps), all settled in the red.       

Reporting for EasyKobo on Thursday , 02 April 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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