Amid several trade activities last week, few companies in the Nigerian stock market caught the eyes of Ripples Nigeria Stocks Watchlist through their capital market activities.
Some of the companies that made the list are Lasaco Assurance, Access Bank, GTBank, Morison and Champions Brew.
Ripples Nigeria Stocks Watchlist 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 Stocks Watchlist is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
Lasaco Assurance made Ripples Stock to Watch because the month of March seem to be favouring the insurance firm, as the company’s stock price has been on an upward swing, rising from its bearish state in February to gradually becoming a bull.
On March 1, 2021, Lasaco share price dropped to N1.12, but has since become a hot stock in the capital market, with investors valuing Lasaco share at an higher amount, thereby pushing the stock price to N1.12kobo per share as of March 8, 2021.
Access Bank made the list for the exact opposite of Lasaco. The lender’s stock has been slipping in the capital market, with investors pricing Access Bank’s stock for cheap, while some shareholders were willing to sell at a lesser value.
Access Bank share price fell like a park of cards in the first week of March, losing N0.35kobo in the process. This has affected the bank’s share prixe which fell from N8.15kobo power share to N7.80kobo per share.
As GTBank is preparing to release its earnings report, the lender’s stock price has been fluctuating in the first week of March. While GTBank closed the market on Monday, March 1, 2021, with N13 per share, the stock price rose to N31.70kobo per share on Wednesday.
However, as of Friday, March 5, GTBank’s share price had depreciated to N31.05 per share. The fluctuation in share price shows the low confidence investors have in GTBank, as they price and sell for cheap.
Morison has been one of the best stock in the first quarter of this year. The pharmaceutical marketer had gained N0.11kobo in share price to top best performing stock last week.
Morison gained N0.11kobo to rise to N0.66kobo from N0.55kobo per share. The company is one to watch out for during trading this week.
The alcoholic company topped the chart for decliners following a loss of N0.84kobo from the N2.52kobo share price it opened with, to close with N1.68kobo. Champions Brew is in an industry that has been struggling with government policies and COVID-19.
Join the conversation
Join the conversation
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....
Investigation… Inside Enugu markets where traders are choked by multiple taxes
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who...
SPECIAL REPORT: How flood-ravaged farmlands in Anambra threaten food production
Increased rainfall, as a result of climate change, has impacted negatively on many parts of the world. In Anambra State,...
INVESTIGATION… How NDDC spent N2bn on abandoned, non-existent road projects in Edo communities
In 2014, the Niger Delta Development Commission (NDDC) awarded 10 road projects worth over N2 billion in various communities in...
INVESTIGATION… Inside NDDC’s abandoned, poorly executed road projects dotting Abia communities (concluded)
In this concluding part, ARINZE CHIJIOKE discovers that apart from the Obohia-Ohuru-Aba Road, there are similar projects initiated by the NDDC in Abia State which...
Why I’m returning to NFL, Kano Pillars —Musa
Ahmed Musa, the captain of the Super Eagles on Wednesday, revealed the reason behind his shock return to the Nigerian...
Delta to host 2022 National Sports Festival
Delta State will host the 2022 edition of the National Sports Festival. The state won the 20th edition of the...
Real Madrid, Man City complete UCL semi-final line up
Spanish giant, Real Madrid and runaway English Premier League leaders, Manchester City on Wednesday completed the semi-final line up for...
PSG end Bayern Munich reign, Chelsea survive Porto scare in UCL
French giants, Paris Saint Germain on Tuesday night eliminated the defending champion Bayern Munich from this season’s UEFA Champions League...
Team Ogun attacks officials after unexpected defeat at Sports festival
In what looked like planned violence, supporters, officials, and boxers of Team Ogun went berserk after a decision went against...
Latest Tech News
Nigeria’s ShortLet adapts AI to improve business model. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ShortLet adapts...
Nigeria’s ScholarX partners Airtel on new product. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ScholarX partners...
Twitter to open first African office in Ghana
Twitter has picked Ghana as location for its office in Africa. The company disclosed this in a brief statement on...
Kenyan fintech, Tanda, closes funding to expand portfolio. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Kenyan fintech Tanda...
P+ rolls out media intelligence solution for PR measurement
P+ Measurement Services, a Nigerian Independent Public Relations (PR) measurement and evaluation agency, has introduced “Get-Reports” a product that allows...
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Nigerian tech players continue to prove to the world the smartness in their vision to take on the world, winning...