23 April 2020

On the Bid Cart: The Banking sector continued to enjoy positive patronage in recent times, as gains in all Tier 1 banking stocks; FBNH (+471bps), UBA (+171bps), GUARANTY (+161bps), ACCESS (+160bps) and ZENITHBANK (+109bps) supported a 0.71% rise in the banking index as the sector's YTD loss reduced to -27.59%.    

On the Offer Cart: UACN closed the day as the worst performing stock, shedding 10.00% to close at its intra-day low price N6.75. The counter traded c.697k units with most trade occurring at the offer side, thereby increasing its YTD loss to -24.16% from the -15.73% recorded yesterday.       

Reporting for EasyKobo on Thursday , 23 April 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited