The Nigerian stock market was gloomy for most parts of last week with the bear taking its toll on the market though the market experienced two days of bullish session. The two key market performance indicators simultaneously closed in the negative 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.
Ripples Nigeria 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 stock watch-list is not a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making any investment decision.
Presco tops our list this week on the strength of being the best performing stock last week. It opened at N37.85 last week and closed at N43.50, appreciating by 14.93% in the process.
Chams makes the list by virtue of being highest price loser for last week. Opening at N0.37, it fell to N0.30 as the week ended, shedding 18.92%.
INTERNATIONAL BREWERIES PLC
International Breweries makes our list on the account of its proposed rights issue. The company had earlier submitted for approval an application for a Rights Issue of Eighteen Billion, Two Hundred and Sixty-Six Million, Two Hundred and Six Thousand, Six Hundred and Fourteen (18,266,206,614) ordinary shares of Fifty Kobo (N0.50) each at N9.00 per share on the basis of 17 new ordinary shares for every 8 ordinary shares held as at Wednesday, 6 November 2019.
The acceptance list opened on Thursday 5th December 2019 and is expected to close on Tuesday 24th December 2019.
Afromedia makes our list on the account of being at its lowest price in the last 52 weeks. The stock currently sells for N3.89.
BETA GLASS PLC
Betaglass makes our list by reason of being at its lowest price in the last 52 weeks. The stock currently sells for N53.80.
FIDSON HEALTHCARE PLC
Fidson makes our list for this week for being at its lowest price in the past 52 weeks. It currently sells for N3.10.
MRS OIL NIGERIA PLC
MRS makes our list on the account of selling at its lowest price in 52 weeks. The stock sells for N15.30 at the moment.
SOVEREIGN TRUST INSURANCE
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.
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