The Nigerian bourse posted gains in its four sessions last week. Week to date, it reported a 1.87% appreciation.
We have selected a group of stocks you should watch out for this week on the basis of how the market fared last week.
Ripples Nigeria Stock 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.
OKOMU OIL PLC
Okomu Oil makes our list this week on the basis of its dividend proposal last week for Full Year 2019.
The board announced a proposal of N2 per share dividend subject to shareholders’ endorsement.
The qualification date has been fixed for 18th May and the payment date for 29th May.
JULIUS BERGER PLC
Julius Berger makes our list on the account of its’ proposal of a revised dividend of N2 per share last week for FY2019.
The qualification date is 29th May while the payment date is 19th June.
Its EPS is N6.58 while its PE ratio is 3.92 according to Bloomberg.
Ardova makes our list for being the highest price gainer last week. Opening at N9.55, the stock closed at N11.55, appreciating by 20.94%.
NIGERIAN BREWERIES PLC
Nigerian Breweries features on our list for being the highest price loser last week. Opening at N34.50, the stock closed at N30, declining by 13.04%.
MRS OIL NIGERIA PLC
MRS Oil appears on our list this week by virtue of trading at its lowest price in 52 weeks. It currently trades for N13.80 per share.
GUINNESS NIGERIA PLC
Guinness features our list this week by virtue of trading close to its lowest price in 52 weeks. It currently trades at N18.50 per share, has an EPS of N1.18 and a PE Ratio of 15.55.
BOC GASES PLC
BOC Gases makes our list this week on the basis of trading at its lowest price in 52 weeks. It currently trades at N3.65 per share.
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