Stock to watch this week

Stocks to watch comprises the top gainers and losers of the previous week, as well as companies that had corporate actions after trading hours.

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

Caverton Offshore Support Group

Caverton Offshore Support Group tops our stocks to watch by virtue of the company issuing a press release pertaining to the crash of a helicopter used by the Vice President last Saturday.

Investors would most likely react negatively, and sell down their holdings.

Neimeth International Pharmaceuticals Plc

Neimeth International Pharmaceuticals has a spot on the watchlist by virtue of the company holding its Annual General Meeting this week. The event is bound to be a key one, as management would unveil plans under the new Managing Director.

Forte Oil Plc

Forte Oil Plc has a spot on our watchlist by virtue of the company having an Extraordinary General Meeting, holding this Thursday. Shareholders are expected to consider a proposal by the company’s chairman Femi Otedola to buy assets Forte will be selling.

SCOA Plc

SCOA Plc has a spot on our watchlist by virtue of the company holding its Annual General Meeting this Thursday. The company has performed poorly in the last few years, and shareholders are bound to put management to task.

ABC Transport Plc

ABC Transport Plc has a place on our watchlist by virtue of being the best performing stock last week. The stock closed at N0.36, up 24.14%. Investors may decide to sell off their holdings, and cash in profits, depending on market sentiments.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance takes the last spot on this week’s watchlist by virtue of being the worst performing stock last week. The stock shed 17.14% to close at N0.32. If bearish sentiments persist, the stock could dip further.

Coronation Research

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