Home Front Page MTN Nigeria leads the watchlist once more

MTN Nigeria leads the watchlist once more

-

Stocks to watch this week comprises the top gainers and losers of 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.

MTN Nigeria

MTN Nigeria tops the watchlist for the second week running  by virtue of a notice released last Saturday, that it had received a letter from the Economic and Financial Crimes Commission (EFCC) requesting for information pertaining to its listing on the Nigerian Stock Exchange.

The news could lead to a decline in the company’s share price, as the telco has an ongoing case with the Office of the Attorney General of the Federation.

Thomas Wyatt Plc

Thomas Wyatt Plc takes the second spot this week, having led the gainers for last week. The stock gained 29.03% last week and is up by over 70% year to date. Investors at this point, may decide to sell down some of their holdings and cash their profits.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance Plc was the worst performing stock last week, hence a spot on this week’s watchlist. The stock declined by 20.69% last week, and could either rebound or fall further, depending on investor sentiments.

Courteville Business Solutions Plc et al

Courteville Business Solutions Plc, Nestle Nigeria Plc, Portland Paints and Products Plc, Livestock Feeds Plc and May & Baker Plc, all have a joint spot this week, due to their Annual General Meetings holding this week.

Presco Plc

Presco Plc maintains a spot in the week’s watchlist for the second week running, as the company is yet to release its audited results for the 2018 financial year and first quarter ended March 2019.

In a notice sent to the NSE, the firm had stated that it would do so on or before the 31st of May, 2019.

Unity Kapital Assurance Plc

Unity Kapital Assurance Plc makes a rare appearance in Nairametrics’ watchlist. The company last week released its full year 2018 audited results, and could thus release first quarter 2019 results in due time.

Ikeja Hotel Plc 

Ikeja Hotel Plc takes a place in this week’s watchlist as the company will be holding a Facts Behind the Figures presentation at the Nigerian Stock Exchange (NSE) this week.

International Breweries Plc

International Breweries Plc rounds up the stocks on this week’s watchlist, as the company is yet to release its results for the financial year ended December 2018.

While the company did not give any specific date, the results are way overdue.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

Domino's Pizza

Domino’s Pizza confirms it has invested over N10 billion in Nigeria

Eat'N'Go Limited's CEO, Patrick McMichale said they have invested over N10 billion in Nigeria. Find out how.
Understanding Mutual Fund Fees

INSIGHT: Why you really should consider investing in mutual fund today

A Mutual Fund is a Trust or Company that pools money from many investors and invests in a specified class of securities such as stocks, bonds, real estate or a balanced mix of asset classes.
Aliko Dangote

Dangote’s NASCON Allied Industries Plc moves operation from Apapa

NASCON Allied Industries Plc has moved some of its operations away from the  Apapa area of Lagos to Oregun and Port Harcourt.