Stocks to Watch   

22nd June, 2020

On the Bid Cart: NESTLE trailed JAPAULOIL (+870bps) as the second best performing stock for the day, rising 772bps to close at N1,179.00. The counter has continued to witness positive sentiment, with most of its recent trades happening at the bid side. With today's upward movement, its YTD return moderated to -19.79% from the -25.54% recorded in the previous session.              

On the Offer Cart: The Bears dominated the trading session for the day, as mid/large cap stocks such as STANBIC (-833bps), ARDOVA (-509bps), FLOURMILL (-343bps), GUINNESS (-294bps), NB (-263bps), BUACEMENT (-227bps), OANDO (-200bps), ETI (-200bps), GUARANTY (-173bs), FBNH (-94bps) and UBA (-78bps) settled lower.          

Reporting for EasyKobo on Monday , 22 June 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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