Dangote Sugar tops our stocks to watch out for this week

Dangote Sugar Refinery Plc

Dangote Sugar late last week released its financial statements for the year ended December 2017. The company has declared a final dividend of N1.25 per share.

Though investors may have factored in the impressive results going by the massive price appreciation last year, the stock could witness some upside this week, as some position for dividends. Year to date, the stock is up 9%.

GSK Consumer Nigeria Plc

GSK Consumer Nigeria has been top gainer for the past two weeks, as investors have bought into the stock in a bid to qualify for a special dividend announced. GSK closed at N34 last week, up 57.33% year to date.

Fidelity Bank Plc

Besides Ecobank and Stanbic Ibtc holdings, tier two banks are yet to release their results. Fidelity Bank closed last week at N2.68, up 8.94% year to date. The stock could witness another rally, as it is well below its year high of N3.99.

FBN Holdings Plc

FBN is the only FUGAZ bank yet to release its FY 2017 results. In a notice to the NSE, it had indicated that it would do so sometime in April. Year to date, the stock is up 42.99%.

NPF Microfinance Plc

NPF Microfinance Bank late last week released its financial statements for the year ended December 2017. The stock last week closed at a year high of N2.12 and is up 69% year to date.

Diamond bank Plc

Diamond bank is also yet to release its financial statements for the year ended December 2017. Though the stock has shed much of its earlier gains this year, it is up 24% year to date, closing at N1.86 on Friday’s trading session. Diamond could have a slight uptick as investors take positions in anticipation of the release of its results.