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Transcorp Hotels, GTBank, Seplat make Ripples Nigeria stock watchlist

Transcorp Hotels, GTBank, Seplat make Ripples Nigeria stock watchlist

It’s the earning season and listed companies are expected to have a closed period, and some will be releasing their Q3 2019 results. Despite the earning season, bearish sentiment still has a hold of the Nigerian bourse as the market winds up with a 0.32% loss from last week trading.

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.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance Plc takes the first spot on our watchlist by virtue of being the stock with the biggest gain from last week’s trading. The stock opened the week at N0.28 and closed at N0.33, gaining 17.86%.

Cornerstone Insurance Plc

Cornerstone Insurance Plc is the second on our list by being the worst-performing stock during last week’s trades on the Nigerian Stock Exchange (NSE). The stock opened at N0.39 and closed at N0.32, losing a whopping 17.95%.

Transcorp Hotel Plc

This stock takes the number 3 position for its corporate action of fulfilling its post-privatisation obligations attached to the sales of hotel asset by the government and consequently received a discharge certificate.

Read also: MTN, Dangote Cement, NB, Guinness make Ripples Nigeria stock watchlist

Seplat Petroleum Development Company Plc

Seplat is on our watchlist for announcing plans to acquire British petroleum company, Eland Oil and Gas Plc in a cash acquisition arrangement of Eland’s entire issued and to be issued ordinary share capital. The cash acquisition arrangement will see Seplat pay 166 pence for each Eland share.

Guaranty Trust Bank

GTBank is on our watchlist for releasing its Q3 2019 financials that saw revenue dropped by 5.6% to N224.2 billion from N237.5 billion in 2018.

United Capital Group

Ucap made it to our watchlist by virtue of releasing its Q3 2019 financials that showed the company had an 11% decline in revenue from N5.97 billion in 2018 to N5.32 billion in 2019.

International Breweries

International Breweries made it to our watchlist by virtue of its rights issue approved by its shareholders at an Extra-Ordinary General Meeting (EGM) held on October 15, 2019, at a price of N9 per share. Further details on the rights issue will be announced by the company.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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