What to expect in the market today?   


Aug 26 (Lagos) - As anticipated, we have continued to see demand in some Tier-1 banking names, though with a stronger sell side interest in the overall market. 


Stocks to Watch

 

On the bid Cart: ETERNA closed the day as the largest gainer, climbing 10.00% to close at N 6.82. The Oil and Gas company has returned 33.73% YTD, trailing the sector that has gained 64.76%.


On the Offer Cart: ACADEMY was the top loser today, declining 9.76% to close at ?0.37. However, the small-cap counter is currently up 23.33% YTD.


Analysts at Vetiva Capital Management Ltd in Victoria Island expect to see market trade in similar pattern tomorrow with the possibility of investors taking positions ahead of the corporate releases in the banking space.  


Analyst at easykobo have another view and think we could see high volumes in food companies as the impact of high inflation gets priced in fully. Some of these food companies are seeing volumes of 1000% of their Daily average 3 month volume. The rally here could be just getting started. Watch the volumes in HONYFLOUR , UACN and MAYBAKER and you can always compare the daily volume with Daily average 3 month volume on the stock pages of listed companies on easykobo. Learn to research such things yourself on an individual level in order to make better investment decisions and don't get guided by fake analysts.




reporting for easykobo.com on Thursday, Aug 26 2021 from Lagos, Nigeria

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