Stocks to watch comprises the top gainers and losers of the previous week, as well as stocks having corporate actions or in the news for one reason or the other.
Stocks to watch is not a Buy/Sell/Hold recommendation.
FBNH
FBN Holdings (parent company of FirstBank) tops our watchlist by virtue of a board meeting scheduled to take place this week. Key agenda is the approval of the holding company’s results for the third quarter ended September 30, 2018.
Nigerian Breweries Plc
Nigerian Breweries Plc occupies the second spot on our watchlist by virtue of the company’s board meeting scheduled for October 25, 2018. Key on the agenda is the consideration of an interim dividend. Investors may decide to take a position in the stock for short-term gains.
Morrison Industries Plc
Morrison Industries Plc has a spot on Nairametrics’ watchlist for the week by virtue of a board meeting scheduled for October 25, 2018. The company also plans to transmit its results for the third quarter ended September 30, 2018, if approved immediately after the meeting.
Total Nigeria Plc
Total Nigeria Plc is on our watchlist for the week by virtue of a board meeting holding on October 25, 2018. Among the items on the agenda are the consideration of the company’s results for the third quarter ended September 30, 2018, and the consideration of the payment of an interim dividend. Investors may decide to take a position in order to qualify for the dividend and short-term gains.
Stanbic IBTC
Stanbic IBTC has a spot on our watchlist by virtue of the company holding a board meeting on October 26, 2018. Items on the agenda include the consideration of its results for the quarter ended September 30, 2018.
Julius Berger Plc
Julius Berger Plc has a spot on this week’s watchlist by virtue of the company holding a board meeting on October 25, 2018. Among the items to be considered are the company’s results for the third quarter ended September 30, 2018.
The Initiates Plc
The Initiates Plc has a spot on our watchlist by virtue of the company holding a board meeting on October 26, 2018. Key agenda includes the consideration of the company’s results for the third quarter ended September 30, 2018, and the approval of the company’s 2019 annual budget.
Investors may decide to either offload the stock or build position depending on the outcome of the result.
Prestige Assurance Plc
Prestige Assurance has a spot on our watchlist by virtue of being the best performing stock last week. The stock appreciated by 12% and could decline this week as short-term investors take profit.
Cutix Plc
Cutix Plc has a spot on our watchlist by virtue of being the worst performing stock of the week. The stock declined by 42.82%, largely due to a markdown for a one for one bonus and dividend payment of N0.20.
The company will also be holding its Annual General Meeting (AGM) this week.
Nigerian Enamelware Plc
Nigerian Enamelware Plc will be holding its AGM on October 25, 2018. AGMs are key opportunities for shareholders to gain insights from management teams on their plans for the coming year.
Guinness Nigeria Plc
Guinness Nigeria Plc will be holding its Annual General Meeting (AGM) on October 24, 2018. Shareholders are likely to approve its FY 2018 results and a dividend payment.
