22 April 2020

On the Bid Cart: Contrary to the sell pressure witnessed yesterday across sectors, investors took position in a number of stocks that closed lower yesterday, as tickers like WAPCO (+966bps), PZ (+625bps), ZENITHBANK (+536bps), UBA (+263bps), ACCESS (+246bps), GUARANTY (+136bps) and BUACEMENT (+87bps) all recorded capital appreciation.  

On the Offer Cart: GUINNESS trailed SKYAVN (-816bps) and UNIONDAC (-645bps) as the third worst performing stock, down by 640bps to close at 19.00. The counter has been significantly pressured during the year, currently trading at a new low as well as 64.81% below its 52 week high price (54.00) while posting a YTD loss of -36.77%.  

Reporting for EasyKobo on Wednesday , 22 April 2020 in Lagos, Nigeria

Source: Vetiva Capital Management Limited