Stocks to Watch   

18th June, 2020

On the Bid Cart: CILEASING emerged as the best performing stock for the day, up by 952bps to end the day at N4.60. The counter which opened a little above the oversold region of the 14 day RSI, traded about 1.1m units with most trades occurring at the bid side. With today's capital appreciation, its YTD return improved from the -31.71% posted yesterday to -25.20%.  


On the Offer Cart: NB trailed NEIMETH (-952bps) and FIDSON (-971bps) as the third worst performing stock, closing 952bps below its opening price to end the day at N38.00. Today's bearish performance can be attributed to profit taking on the counter which rallied over 90.00% since dropping to its year low price of N22.00 in April 2020. Just like other Brewers on the local bourse, NB has been under significant pressure, posting a YTD loss of -35.59% (GUINNESS: -41.76% YTD; INTBREW: -52.11% YTD).    

Reporting for EasyKobo on Thursday , 18 June 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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