Stocks to Watch   

3rd July, 2020

On the Bid Cart: Contrary to the persistent declines witnessed so far in the week, the Banking index posted a positive performance for the day, up by 0.32% amidst bargain hunting in the two Tier 1 banking heavyweights; ZENITHBANK (+304bps) and GUARANTY (+48bps). However, with the significant declines recorded in other sessions during week, the index closed the week down by 752bps.

On the Offer Cart: UACN emerged as the worst performing stock for the day, posting a 10.00% loss while closing the week lower at ?7.20. The counter traded about 860k units today, with most trades occurring at the offer side. Following today's significant decline, its YTD performance worsened to -19.10% from the -10.11% recorded yesterday.          

Reporting for EasyKobo on Wednesday ,03 July 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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