19th June, 2020

On the Bid Cart: BUACEMENT closed as one of the best performing stocks for the day, rising 628bps to close the week at N44.00. The cement manufacturing company continues its impressive run this year, going against all odds to post a YTD return of 25.71% while outperforming other counters in its sector (DANGCEM: -8.45% YTD; WAPCO: -18.84% YTD; NSEINDUSTRIAL: +13.40% YTD).              

On the Offer Cart: NEIMETH has been under significant pressure in recent times, dropping another 994bps in today's session to close at N1.54. Since peaking at N2.57 on the 11th of June 2020, investors have consistently taken profit on some of the gains made, with the counter dropping 40.01% WoW while reducing its YTD performance to +148.39%.  

Reporting for EasyKobo on Friday , 19 June 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited