Stocks to watch comprises stocks that were the top gainers and losers in the previous week, those that released their results after trading hours, stocks having corporate actions, and those in the news for one reason or the other.

It is not a Buy, Sell, or Hold recommendation.

Union Diagnostic and Clinical Services Plc

Union Diagnostic tops our watch list this week by virtue of being last week’s biggest gainer. The stock appreciated by 50% and could either witness a selloff from investors that got in, or a rally from those intending to buy in.

The company will also be holding its Annual General Meeting (AGM) this week.

Smart Products Plc

Smart Products Plc was the biggest loser last week, hence its spot on our watchlist. The stock could drop further this week, despite being thinly traded.

STACO Insurance Plc

STACO Insurance gets a spot on our watchlist this week by virtue of a notice sent to the NSE informing the investing public of its dismissal of Sakiru Oyefeso, its founding Chief Executive Officer. The move, according to the statement, was due to misappropriation of funds, and breach of corporate governance best practice.

Bayo Fakorede has been appointed as the new Chief Executive Officer, subject to approval by the National Insurance Commission (NAICOM).

Investors may decide to either sell off the stock, or buy in depending on sentiments towards the new CEO.

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EKO Corp Plc

EKO Corp (parent company of the popular EKO Hospital) is on our watch list due to its release of results for the first quarter ended March 2018 after closing hours. Turnover dropped from N367 million in 2017 to N362 million in 2018.

The company made a loss before tax of N66.5 million in 2018, as against a profit before tax of N56.2 million in the comparative period of 2017. Loss after tax stood at N66.5 million, as against a profit after tax of N54.7 million made in 2017.

Standard chartered

Unity Kapital Assurance Plc

Unity Kapital makes our watch list by virtue of its full year 2017 results being released after trading hours. Gross premium written increased from N2.1 billion in 2016 to N2.4 billion in 2017. The company made a loss before tax of N558 million in 2017, as against a profit before tax of N408 million in 2016.

It also made a loss after tax of N700 million in 2017 as against a profit after tax of N285 million made in the comparative period of 2016.

Investors may decide to sell off the stock in view of the poor results.

C&I Leasing Plc

C&I Leasing is on our watch list by virtue of the company’s planned Facts Behind the Figures presentation scheduled for this week. During such events, companies usually provide an insight into their plans for the rest of the year.

Zenith Bank Plc

Zenith Bank is on our watch list by virtue of the impending release of its H1 2018 results. The bank had, in a notice released a few weeks ago, stated that the results had been sent to the Central Bank of Nigeria (CBN) for approval.

PZ Cussons Nigeria Plc

PZ Cussons Nigeria is on our watch list by virtue of the impending release of its full year results. In the last few years, the company has released its audited full year results in the first or second week of August.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via


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