Stocks to watch: Q3 2018 results are on their way

Stocks to watch this week comprises the top gainers and losers of the previous week, as well as companies that have released results or taken other corporate actions after trading hours.

Stocks to watch is not a Buy/Sell/Hold recommendation.

Wema Bank Plc

Wema Bank tops our watchlist by virtue of being the best performing stock last week. The stock closed at N0.66 up 26.92%. Investors could decide to cash out some of their profits, especially in view of current market sentiments.

First Aluminium Nigeria Plc

First Aluminium has a spot on our watchlist by virtue of being the worst performing stock last week. The stock fell by 21.43% to close at N0.33. The stock could make slight gains in the following week, as speculators could decide to go in for short-term trades.

The suspended 6

DN Tyre & Rubber Plc, FTN Cocoa Processors, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon Salt Plc and Unic Diversified Holdings Plc all have a joint spot in our watchlist.

Last week, the companies were suspended from trading by the NSE for failure to submit their results when required. Union Dicon has since responded with the release of its most recent results.

PZ Cussons Nigeria Plc

PZ Cussons Nigeria has a spot on our watchlist by virtue of its Annual General Meeting (AGM) which will hold on the 18^th of October, 2018.

Royal Exchange Plc

Royal Exchange Plc has a spot on our watchlist by virtue of its Annual General Meeting (AGM) on the 18^th of October, 2018.

Dangote Sugar Refinery Plc

Dangote Sugar Refinery Plc has a place on our watch list this week, by virtue of a notice announcing the resignation of its Group Managing Director, Abdullahi Sule. A few weeks ago, Nairametrics had reported that Sule might step down following his clinching the APC gubernatorial ticket for Nassarawa State.

CAP Plc

CAP Plc has a spot on our watchlist by virtue of a board meeting which will hold on the 19^th of October, 2018. At this meeting, the company’s Q3 2018 results will be considered and approved.

The company has had stellar 2018 results so far and could be in for one of its best results in the last few years.

Dangote Cement Plc

Dangote Cement has a spot on our watchlist by virtue of the company’s board meeting holding on the 19^th of October, 2018. The board will be considering the company’s Q3 2018 results at the meeting.

Diamond Bank Plc

Diamond Bank Plc has a spot on our watchlist by virtue of its board meeting which will be held on the 18^th of October, 2018. The board will consider and approve the bank’s Q3 2018 results.

Transcorp Hotels Plc

Transcorp Hotels Plc has a place on our watchlist this week, by virtue of the company holding a board meeting on the 16^th of October, 2018. The board will consider the company’s Q3 2018 results.

Portland Paints and Products Plc

Portland Paints and Products Plc has a spot on our watch list this week, by virtue of the company holding a board meeting on the 16^th of October, 2018. On the agenda is the company’s Q3 2018 results.

Africa Prudential Plc

Africa Prudential Plc has a spot on our watchlist by virtue of the company holding a board meeting on October 18, 2018. Agenda is to consider the company’s Q3 2018 results.

Guaranty Trust Bank Plc

Guaranty Trust Bank has a spot on our watchlist by virtue of the bank’s board meeting scheduled for October 17, 2018. Agenda is to consider the bank’s Q3 2018 results.

RT Briscoe Plc

RT Briscoe Plc takes a spot on our watchlist by virtue of the company’s board meeting holding on October 16, 2018. Agenda is to consider the company’s Q3 2018 results.