Stocks to watch comprises the top gainers and losers from the previous week, as well as companies having corporate actions, this week.
Stocks to watch is not a Buy/Sell/Hold list.
Diamond Bank Plc
Diamond Bank has the first spot on our watchlist by virtue of being the best performing stock last week. The stock gained 56.92% last week. Investors that got in when the stock touched a low of N0.61 could decide to sell off their holdings, which would lead to a drop in price.
Continental Reinsurance Plc
Continental Reinsurance has a spot on our watchlist by virtue of being the worst performing stock last week. The stock declined by 12.50% last week.
The stock has traded in a volatile manner, since news broke of a proposed acquisition by CRe Investments of minority holdings, as investors take short-term positions for profit.
Multiverse Resources Plc
Multiverse Resources Plc has a spot on our watchlist by virtue of the company holding its Annual General Meeting (AGM) this week.
The company has recorded losses in the last few years, and investors would put management on their toes regarding progress with a turn around plan.
Interlinked Technologies Plc
Interlinked Technologies Plc will be having its Annual General Meeting on the 13th of December 2018, hence its spot on our watchlist.
This is another penny stock that has performed poorly, and investors would put management to task at its AGM.
