Stock to watch this week, Airtel Africa

Stocks to watch comprises the best and worst stocks for the prior week, as well as companies that had corporate actions after trading hours, or are expected in the following week.  

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

FUGAZ Banks  

The FUGAZ Banks had a joint spot on our watchlist last week by virtue of being typically the front liners in terms of early release of results.

Zenith Bank released its full-year 2018 results last week, and the conclusion of the Presidential elections may lead to more tier-one banks doing same.  

Japaul Oil and Maritime Plc  

Japaul Oil and Maritime Plc has a spot on our watchlist by virtue of being the best performing stock last week. If the postulation of a post election rally comes through, the stock may witness further upside.  

Livestock Feeds Plc  

Livestock Feeds Plc has a spot on our watchlist by virtue of being the worst performing stock last week. The stock shed 19.44%. The decline in the stock may pause or continue, depending on sentiments in the market as a whole.  

Transcorp Plc  

Transcorp Plc has a spot on our watchlist by virtue of having Thursday the 28th of February, 2019 as the last qualification date for its dividend.

The stock could witness heavy trades from investors that would take positions to benefit from the stock, as well as those that would sell down immediately after.  

 

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