Stocks to watch comprises the top gainers and losers from the previous week, companies that will be having corporate actions this week, and those that made announcements after Friday’s closing bell.
Stocks to watch is not a Buy/Sell/Hold list.
Oando Plc tops this week’s watchlist, as the company’s court case against the Securities and Exchange Commission comes up for further hearing this week.
The exchange between the firm and the SEC continued, with Oando issuing a press release stating that it had not gotten fair hearing, nor access to the audit report on which the commission’s decisions were based.
Linkage Assurance Plc
Linkage Assurance Plc takes the second spot this week, as it was the best performing stock last week. The stock gained 37.50%, closing at N0.66 and could either appreciate further or decline in this week’s trading.
Chams Plc was the worst performing stock last week, hence its having a place on this week’s watchlist. The stock declined by 13.89%, closing at N0.31, down N0.05.
Trading in the stock has been somewhat volatile since the firm declared a dividend, and it could maintain the same pattern in this week’s trading session.
Ikeja Hotels has a spot in this week’s watchlist, as it will be having a Facts Behind the Figures session at the NSE this week.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc released its full year 2018 results after Friday’s closing bell. The stock could decline this week, as the company has opted not to pay a dividend.
Law Union and Rock Insurance et al
Companies holding AGMs all have a joint spot this week. They include:
Law Union and Rock Insurance Plc, NEM Insurance Plc and Notore Industries Plc. Others are UAC of Nigeria, Jaiz Bank, and Union Diagnostics. Total Nigeria Plc, Tantalizers Plc, and Medview Airline Plc will also be holding AGMs this week.
International Breweries Plc
International Breweries Plc has had a spot in Nairametrics watchlist in the last few weeks as the company is yet to release its full-year 2018 and Q1 2019 results nor given guidance.