Stocks to watch comprises the top gainers and losers from the previous week, as well as companies that will be having corporate actions this week.
Stocks to watch is not a Buy/Sell/Hold list.
While MTN Nigeria does not fit into any of the criteria, the company has a spot this week, by virtue of it being its first full week of trading, and one of the biggest stocks on the exchange by market cap.
The stock gained 20% last week, and is expected to rally this week, due to pent up demand and limited supply.
Thomas Wyatt Plc
Thomas Wyatt Plc takes the first spot this week by virtue of being the best performing stock last week. The stock gained 24%, and could pull back, as speculators cash in their gains.
Regency Alliance Insurance Plc
Regency Alliance Insurance Plc takes the second spot by virtue of being the worst performing stock last week. The stock shed 20% last week, largely due to a mark down and could rebound this week.
AIICO Insurance et al
AIICO Insurance Plc, Caverton Offshore Support Group Plc, Consolidated Hallmark Insurance, NCR, Pharmadeko, GlaxoSmithKline Consumer Nigeria, Berger Paints all have a joint spot, as they will be holding their Annual General Meetings this week.
Presco Plc retains a spot in this week’s watchlist due to the impending release of its FY 2018 results. The company had promised to do that on or before the end of the month.
International Breweries Plc
International Breweries Plc has a spot this week, as it is yet to release its full year 2018 results, and has not given a guidance on the exact date that it will do so.