Stocks to Watch   

1st July, 2020

On the Bid Cart: BUACEMENT closed today's session as one of the best performing stock, rising 853bps above yesterday's closing price, to end the day at N42.00. Today's upward movement resulted from bargain hunting in the counter which dropped significantly yesterday, thereby creating opportunity for savvy investors. Also, on a year to date scale, the industrial goods stock has been impressive, trading 20.00% above its year opening price.          


On the Offer Cart: After five consecutive sessions of capital appreciation, NEIMETH led the other decliners for the day, shedding 970bps to close at N1.49. The counter was largely affected by profit taking action today, as investors took advantage of gains made recently. However, despite today's downward movement, the counter has gained 140.32% YTD, while also maintaining its position as the best performing stock so far in 2020.      

Reporting for EasyKobo on Wednesday ,01 July 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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