17 April 2020

On the Bid Cart: NB once again closed among the top gainers, rising 985bps to settle the week at N32.35. The counter enjoyed positive investors' patronage during the week, rallying c.41.00% above last week's closing price of N22.20, while reducing its YTD loss to -45.17%. However, in spite of the bullish performance recorded during the week, the counter trades at a 51.06% discount to its 52 week high price of N66.10.    

On the Offer Cart: Cart: CADBURY led the other 8 decliners for the day, closing 10.00% lower than its opening price for the day, while ending the week at N6.30. Following the significant decline recorded today, its YTD performance worsened to -40.28% (against the 33.65% recorded yesterday).       

Reporting for EasyKobo on Friday , 17 April 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited