Nigerian stocks fell again last week, dropping by 1.7 percent. This was due to sell pressure on industrial goods and oil and gas shares, which affected the benchmark index.
This marks the second week of a market decline. Thankfully, this has created chances for investors who want to buy stocks at lower prices.
Analysts at Meristem Securities said, “Following the recent market pullback, a number of fundamentally sound stocks are now trading at more attractive valuations, which could spur selective bargain hunting and support renewed buying interest.” They expect some increase in trading activity this week as investors prepare for the end of the half-year in 2026.
PREMIUM TIMES has put together a list of stocks with good fundamentals. This list aims to help you avoid the risk of randomly choosing stocks for investment.
The picks are based on careful market analysis. They serve as a guide to help you make strategic positions, hoping that these stocks will gain value over time. This is not a buy, sell, or hold recommendation. You may want to talk to your financial advisor before making any investment decisions.
United Bank for Africa (UBA)
UBA is the top pick this week due to its strong fundamentals and because it is trading below its true value. The bank’s net profit ratio (NPR) stands at 11.6 percent, while its price-to-earnings (PE) ratio is 5x. Its 14-day relative strength index (RSI) is 41.6.
Transcorp
Transcorp is included in the list based on its strong fundamentals and because it is trading below its underlying value. The NPR for the conglomerate is 45.2 percent, and its PE ratio is 4.8x. Its 14-day RSI is 45.
United Capital
United Capital makes the list due to its solid fundamentals. The NPR of this financial services company is 51.2 percent, while its PE ratio is 9.8x.
Drop your comment
No comments yet — be the first to drop the gist 👇