8th May, 2020

On the Bid Cart: NB trailed CUSTODIAN (+769bps) and FIDSON (+783bps) as the third best performing stock for the day, gaining 745bps to close at N37.50. The upward movement resulted from buying interest in the counter, as buyers were willing to buy at higher prices. The consistent bargain hunting led the ticker to a +25.00% gain this week while its YTD loss reduced to -36.44%.             

On the Offer Cart: Trading session today was dominated by the Bears, as profit taking was recorded in some of the counters which had gained in the last few session, as MTNN (-667bps), OANDO (-364bps), GUARANTY (-244bps), GUINNESS (-164bps), BUACEMENT (-124bps) and UACN (-73bps) closed the day south.   

Reporting for EasyKobo on Friday , 08 May 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited