8th January, 2021 

On the Bid Cart: With the significant improvement seen in the prices of Crude Oil in the last few days, stocks in the Oil & Gas region have witnessed some renewed interest as SEPLAT (+10.00%), TOTAL (+10.00%) and ARDOVA (+973bps) all closed at their intra-day limit up prices, while pushing the YTD return of the sector to +13.16%.          

On the Offer Cart: The Industrial goods sector wrapped the week as the lone decliner, posting a loss of 4.02% for the day, while also declining 2.29% WoW. Today's bearish performance resulted majorly from declines in DANGCEM (-813bps) and WAPCO (-45bps). Following today's declines, their YTD performances stood at -8.13% YoY and +5.94% respectively.  

Reporting for EasyKobo on Friday, 08 January 2021 in Lagos, Nigeria

Source: Vetiva Capital Management Limited