Nigerian stocks dipped slightly last week, down by 0.5 percent. This drop was mainly due to selling pressure on bank shares affecting the main stock index.
Out of the five sector indexes watched by the Nigerian Exchange, all but the insurance index fell.
"Investor positioning ahead of Q3:2026 earnings should provide extra support, especially as expectations rise around the Tier-1 banks’ results," analysts at Meristem Securities said in a note to investors before the week.
"The ongoing effect of Nigeria’s FTSE Russell reclassification should also keep trading activity active and maintain interest in big-cap stocks," they added.
The release of companies’ Q3 earnings reports is expected to start soon.
PREMIUM TIMES has put together some stocks with solid fundamentals. This was done using careful methods to help you avoid random equity picks for investment.
The list is based on careful market analysis. It aims to guide you on how to enter the market and make smart choices, hoping that the selected stocks will appreciate in value over time.
This is not a buy, sell, or hold recommendation. You might want to talk to your financial advisor before making any investment decisions.
Zenith Bank
Zenith is at the top of this week’s list because of its solid fundamentals and its current trading price, which is below its true value. The net profit ratio (NPR) for this bank is 21.8, and the price-to-earnings (PE) ratio stands at 5.3x. Its 14-day relative strength index (RSI) is 68.
Fidson Healthcare
Fidson is included on the list due to its attractive fundamentals. The NPR for this pharmaceutical company is 7.8, while the PE ratio is 18.8x. The 14-day RSI is 51.2.
NEM Insurance
NEM is part of the selection because of its strong fundamentals and its trading price being below its true value. The insurer’s NPR is 15.7, and its PE ratio is 5.6x. Its 14-day RSI is 43.2.
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