Stocks to watch comprises of companies that were top gainers and losers last week, issued corporate actions after Friday’s trading session and in the news for one reason or the other.
Stocks to watch is not a Buy/Sell/Hold list.
Ellah Lakes Plc
Ellah Lakes Plc tops our watch list by virtue of the company’s intentions to raise N5 billion through a private placement. The stock, though thinly traded, could witness a slight rally, as was the case with AIICO insurance.
Julius Berger Plc
Julius Berger Plc features on our watch list by virtue of the company’s plans to change its operational structure. More details of the company’s plans should emerge this week.
Fidelity Bank Plc
Fidelity Bank is on our watch list by virtue of its H1 2018 results which are yet to be released. The bank, however, stated that it would submit them on or before the 30th of September.
Skye Bank and Unity Bank
Both banks occupy a joint spot on our watch list, as their full-year 2017 results are long overdue. While Skye Bank had stated that its results were with the CBN, Unity Bank has given no form of update on its results’ status.
Law Union and Rock Insurance Plc
Law Union and Rock Insurance Plc is on our watch list by virtue of being the best performing stock last week. The stock gained 18.52% to close at N0.64.
Cement Company of Northern Nigeria Plc
Cement Company of Northern Nigeria Plc has a spot on our watch list this week by virtue of being the worst performing stock last week. The stock could dip further in this week’s trading.
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