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Seplat leads this week’s watchlist on the NSE

@seplatpetroleum leads stocks to watch on the @nsecontact for the trading week ending August 2, 2019.



investors on NSE, Stock to watch this week, Airtel Africa

Stocks to watch comprises the top gainers and losers of the previous week, as well as companies that announced corporate actions, or are expected to have theirs this week. 

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

Seplat Petroleum Development Co. Plc 

Seplat takes the first spot this week, as the company had indicated that it would release its H1 2019 results on the 30th of July, and hold an investor call shortly after. 

 PZ Cussons Nigeria Plc  

PZ Cussons Nigeria takes the second place in this week’s watchlist due to the impending release of its full year 2018/2019 results. While the firm has not given guidance to the exact day, its parent company, PZ Cussons UK, has since released its results.  

FBN Holdings Plc  

FBN Holdings Plc has a spot in this week’s watchlist, as the firm would hold a board meeting today to consider its H1 2019 results.  

Prestige Assurance et al  

Prestige Assurance Plc, C and I Leasing Plc, Mutual Benefits Assurance Plc, and Chams Plc, all have a joint place this week as they will be holding Annual General Meetings this week.  

AGMs provide opportunities for management teams to give guidance on key plans for the rest of the current year.  

Ellah Lakes Plc 

Ellah Lakes Plc has a place in this week’s watchlist as the firm will hold an Extra Ordinary General Meeting. The firm will seek shareholders approval to raise capital, as well as ratify the appointment of some non executive directors.

NPF Microfinance Bank Plc 

NPF Microfinance Bank Plc was the best performing stock last week, hence its taking a spot on this week’s watchlist. The stock could decline if short term investors decide to take profits 

Linkage Assurance Plc 

Linkage Assurance Plc was the worst performing stock on the NSE last week, declining by 20.31%, hence its having a place on this week’s watchlist. The stock could rebound this weekdepending on market sentiments.  



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Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training.He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE).He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.You can contact him via [email protected]

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