Nascon, Academy Press and Sterling Bank are top stocks to watch this week
The Nigerian stock market’s valuation last week rose 1.16% as more funds chased stocks, affirming investor faith that the market could still perform well beyond the downturn season. results.
The market has returned 5.17% since the start of the year and it is possible that this figure will be higher at the end of the year.
PREMIUM TIMES has gathered a number of stocks with fundamentals and other potentials, taking key analytical approaches so you don’t have to randomly choose stocks to invest.
Selection, the product of analytical market intelligence, provides a guide for entering the market and taking strategic positions with the expectation that stocks will gain value over time, especially in the short term.
This is not a recommendation to buy, sell or hold. You may need to involve your financial advisor before making any investment decisions.
NASCON ALLIED INDUSTRIES (NASCON)
Nascon is making this week’s pick to trade at its lowest price in 52 weeks, making it relatively cheap for investors looking for stocks offering a bargain. It is priced at N13.20 per unit, a price / benefit (PE) ratio of 12.42 and earnings per share (EPS) of N1.06.
Academy Press lists current exchanges well below its true value, which means it has a good chance of registering price appreciation. It is trading at N0.52, has a PE ratio of 1.83 and EPS of 0.26 N.
Sterling Bank appears in the pick for trading below its actual value and near its lowest price in 52 weeks.
The bank’s EPS is 0.47 N and its PE ratio is 3.22, while its unit price is 1.52 N.
CUSTODIAN INVESTMENT PLC
Custodian The investment appears in the selection on the basis of exchanges below its intrinsic value at the time. The financial services group has EPS of N 1.89 with a PE ratio of 4.12 and is priced at N 7.80 per share.
ACCESS TO THE BANK
Access Bank makes the trading list much lower than its real value. Nigeria’s largest bank per asset is priced at N 9.05 per unit, has a PE ratio of 2.60, and EPS of 3.48 N.
Support PREMIUM TIMES integrity and credibility journalism
Good journalism is expensive. Yet only good journalism can guarantee the possibility of a good society, responsible democracy and transparent government.
For free and ongoing access to the best investigative journalism in the country, we ask that you consider modestly supporting this noble enterprise.
By contributing to PREMIUM TIMES, you are helping to maintain relevant journalism and ensure that it remains free and accessible to everyone.
Make a donation
TEXT OF THE ANNOUNCEMENT : To advertise here . Call Willie +2347088095401 …