Connect with us


Cornerstone Insurance, Fidson, Vitafoam top Ripples Nigeria Stock Watch list



NSE LIVE! Investors scout for low-priced stocks amid mixed trading

Last week was a good one for investors with the market recording gains in all the four trading days on the back of renewed interest for blue-chip equities.

The two key market performance indicators simultaneously closed in the positive territory.

We have selected a group of stocks you should watch out for this week on the basis of how the market fared last week and some fundamental factors.

Ripples Nigeria watch list is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken the pain to do that based on certain parameters in order to save you that hassle.

Kindly note that Ripples Nigeria stock watch-list is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.


Cornerstone Insurance tops our list this week on the strength of being the best performing stock last week. It opened at N0.38 last week and closed at N0.53, appreciating by 39.47% in the process.


Chams makes the list by virtue of being highest price loser for last week. Opening at N3.10, it fell to N2.70 as the week ended, shedding 12.90%.


Vitafoam makes our list on the account of its declaration of 42k per share dividend as a result of its impressive Full Year 2019 results which saw after-tax profit grow by nearly 300%. The resolution is subject to shareholders’ approval at the firm’s next Annual General Meeting (AGM) to be held on 4th March 2020. Shareholders whose names appear on the company’s register of members at the Close of Business (COB) on 7th February 2020 will be eligible for the proposed dividend payout. The register of members will be closed on 14th February 2020, preparatory to the dividend payment date on 5th March 2020.

Read also: BUSINESS ROUNDUP: Electricity tariff hike; rising oil price; See other stories that made our pick


Arbico makes our list on the account of being at its lowest price in the last 52 weeks. The stock currently sells for N3.51.


Betaglass makes our list by reason of being at its lowest price in the last 52 weeks. The stock currently sells for N53.80.


GSK makes our list for this week for selling pretty close to its lowest price in the past 52 weeks. It currently sells for N5.50.


International Breweries makes our list on the account of selling pretty close to its lowest price in 52 weeks. The stock sells for N9.50 at the moment.


Sovereign Trust Insurance makes our list on the strength of being at its lowest price in the last 52 weeks. The stock is currently at N0.20 per share.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now