Connect with us

Business

Wema Bank, Total, Access Bank make Ripples Nigeria stock watchlist. See why

Published

on

Wema Bank, Total, Access Bank make Ripples Nigeria stock watchlist. See why

The Nigerian Stock Exchange (NSE) seems to be finding its footing as the bourse have had 2 weeks closing bullish and depleting the losses. Last week also witnessed less corporate actions.

Out of the traded stocks with corporate actions from last week, 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 stock watchlist is not a buy, sell, or hold signal. Consult your financial advisor before making any investment related decision.

Wema Bank Plc

Wema Bank takes the number one spot on our watchlist by virtue of being the best-performing stock on the bourse last week. Wema Bank opened the week at N0.59 and closed at N0.76, gaining 28.81%.

Read also: University Press, Champion Breweries, Stanbic IBTC lead Ripples Nigeria Stock Watchlist

Total Nigeria Plc

Total takes the second by being the worst-performing stock of last week’s trades. The stock opened at N123 and closed at N110.90, losing 9.98%.

Access Bank Plc

Access Bank is in our watchlist by virtue of its year to date gains as at November 15, 2019. The stock already gained 58.82% and saw investors selling down on the stock.

Unilever Nigeria Plc

Unilever is on our watchlist by virtue of hitting a 10-year low of N18.50. The drop in the stock price can be attributed to its poor 2019 performance so far and may cut down on dividend payout.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations