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MTN, Dangote Cement, NB, Guinness make Ripples Nigeria stock watchlist



MTN, Dangote Cement, NB, Guinness make Ripples Nigeria stock watchlist

Last week was a bearish one for the Nigerian Stock Exchange (NSE), with the market shedding 1.68%. Out of the traded stocks we have carefully curated a list of stocks you should watch out for this week.

Stock watchlist is a list of securities being monitored for potential trading or investing opportunities. An investor or trader may create a watchlist of several, dozens or even hundreds of trading instruments to make more informed and opportune investment decisions. Lucky for you, we have reduced the hassle.

Ripples Nigeria’s stock watchlist is not a buy, sell, or hold signal. Consult your financial advisor before making any investment related decision.

ABC Transport

Associated Bus Company Plc is the first on our list today by virtue of being the highest gainer from last weeks trade. The stock opened the week at N0.34 and closed on Friday at N0.44, gaining 29.41%.

Guinness Nigeria

Guinness Nigeria Plc takes the second spot for being the worst performing stock during last week’s trading sessions. The stock opened on Monday at N32.90 and closed on Friday at N29.35, losing 10.79%.

Read also: BUSINESS REVIEW: 13 quick steps Nigeria must take to attract quality foreign direct investment

Custodian Investment

Custodian takes the third spot by virtue of declaring a close period for its Q3 2019 financial results. The stock witnessed a large trade during the week that suggest a new investor might be taking position. Custodian also made last week’s top 10 losers.

MTN Nigeria, FCMB, Dangote Cement, Nigerian Breweries, CCNN, Nestle

These stocks are on the fourth spot for declaring closed period and board meetings to approve their Q3 2019 financial results.

Dangote Flour Mills

Dangote Flour Mills is on our watchlist because the company released a notification that it will be postponing its Annual General Meeting (AGM) for the year ended December 31, 2018. The postponement is due to a Court-Ordered Meeting to get shareholders’ approval for the Olam International Limited deal. Olam had moved to acquire the flour milling company and working on getting regulatory approval, hence the court-ordered meeting. The AGM will now hold on or before December 21, 2019.

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