Stock to watch this week, Airtel Africa

Stocks to watch comprises the gainers and losers from the prior week, as well as companies that are expected to have corporate actions. <span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"

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

Japaul Oil and Maritime  

Japaul Oil and Maritime Plc takes the first spot this week by virtue of being the best performing stock last week. The stock gained 39.29% last week, and is up by over 70% year to date.  

While the reasons behind the stock’s rally are unclear, it could either pull back or continue.  

Sunu Assurances and Union Bank Plc  

The two firms, which operate in the financial services sector, have a joint place this week by virtue of their Annual General Meetings holding on the 7th of May, 2019.  

AXA Mansard and Wema  

AXA Mansard and Wema Bank have a joint third place this week by virtue of the firms holding their Annual General Meetings on the 8th of May, 2019.  

Unilever and Champion Breweries  

Unilever and Champion Breweries have a joint place by virtue of having their Annual General Meetings on the 9th of May, 2019.  

Presco Plc  

Presco Plc has a spot in this week’s watchlist by virtue of the impending release of its audited full year 2018 financial statements and Q1 2109 unaudited results.  

The company had stated, in a notice sent to the Nigerian Stock Exchange (NSE), that it was optimistic that results would be released on or before the 31st of May, 2019.  

International Breweries  

International Breweries has a spot this week, as the company has yet to release its 2018 financial statements.   

In a notice sent last month, the company had stated that it would file its reports within the extended period granted by the exchange.  

 

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