29 June 2020

On the Bid Cart: Gains in OKOMUOIL (+10.00%), NESTLE (+473bps) and DANGSUGAR (+84bps) supported today's positive close, while also pushing the Consumer goods index up by 1.86%, to emerge as the best performing sector for the day. Following today's gain, their YTD returns settled at +26.62%, -14.50% and -14.29% respectively.               

On the Offer Cart: At the top of the losers table was UNILEVER, which declined significantly by 10.00% to close today's session at N15.30. Unlike the positive movement seen in a number of consumer goods stocks today, the shares of UNILEVER were negatively patronized as most of its trades occurred at the offer side while also closing the session fully offered. With the 10.00% drop recorded today, its YTD performance worsened to -26.09% (vs -17.87% posted in the last trading session).    

Reporting for EasyKobo on Monday ,29 June 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited