Stocks to Watch   

28th April, 2020

On the Bid Cart: The banking sector again dominated market activities and continued to enjoy investors' renewed interest, after the sector led the other major sectors to a positive close of 2.83% d/d. The performance of the sector was backed by gains in some Tier 1 banking names as GUARANTY (+5.00%), ZENITHBANK (+458bps), FBNH (+230bps) and UBA (+85bps) all closed higher.             

On the Offer Cart: WAPIC emerged as the worst performing stock today, down by 741bps to close the day at N0.25. The counter currently trades 46.81% below its 52 week high price of N0.47 and has lost 28.57% of its opening value YTD while also under performing some of its peers on a YTD basis (AIICO: +11.11% YTD; CHIPLC: +7.14% YTD; CORENERST: +20.41% YTD and LASACO: +12.00% YTD). 

Reporting for EasyKobo on Tuesday , 28 April 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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