Nigerian Breweries tops our watchlist this week

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Stock to watch this week

Stocks to watch this week comprises the top gainers and losers of the prior week, as well as companies having corporate actions.  

Stocks to watch is not a Buy/sell/Hold list. <span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"

Bua group

Nigerian Breweries Plc 

Nigerian Breweries Plc has the top spot on our watchlist by virtue of a board meeting holding on February 15, 2019.

On the agenda, among other things, is the consideration of the company’s audited results for the 2018 financial year, and a proposal for the payment of a dividend.

Regency Alliance Insurance Plc 

Regency Alliance Insurance Plc takes the second spot by virtue of being the best performing stock last week. 

The rally in the stock (which gained 19% last week) may be due to a possible bonus. Investors may continue to take position, in anticipation.   

Royal Exchange Plc  

Royal Exchange Plc has a spot on Nairametrics’ watchlist, by virtue of being the worst performing stock last week. The stock shed 13.33% last week, but could bounce back if positive market sentiments are maintained.

United Capital Plc  

United Capital Plc has a spot on our watchlist by virtue of the company’s board of directors holding a board meeting on February 15, 2019. Issues for discussion include the consideration of the company’s full year audited results for the 2018 financial year.  

Golden Guinea Breweries 

Golden Guinea Breweries takes a spot due to its releasing its results on Saturday after trading hours.

Coronation Research

Investors may offload their holdings in the stock, as no timeline was provided for the company’s resumption of operations, as well as its posting a loss.  

Dangote Cement Plc 

Dangote Cement Plc takes the last spot on the watchlist this week, by virtue of the company declaring a closed period starting from today. While the company has not given notice of a board meeting, this could be an indication that a board meeting may be close by.  

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