Stocks to watch comprises the top gainers and losers of the previous week, as well as companies expected to have corporate actions this week.

Disclaimer: Stocks to watch is not a Buy/Sell/Hold list

SUNU Assurances plc

A strong bull run is being predicted for this stock

SUNU Assurances Nigeria Plc has assured shareholders that recent corporate changes will lead to better performance in the years ahead.
At the annual general meeting yesterday in Lagos, directors of the insurance company said the rebranding of the company and appointment of new management reflected the company’s commitment to long-term growth.

Beta Glass Plc

Beta Glass takes the first spot in this week’s watchlist, having led gainers for the previous week. The stock gained 23.1% last week, and could decline if investors decide to cash in their profits.

Goldlink Insurance Plc

Goldlink Insurance takes the second spot in this week’s watchlist, as it was the worst performing stock last week. The stock declined by 36.11% this week, and may drop further due to its poor fundamentals.

Cadbury Nigeria Plc

Cadbury Nigeria takes a spot this week, as the qualification date for its 2018 dividend is the 17th of May. Investors may decide to take positions in the stock in a bid to qualify.

The firm will be paying a dividend of N0.25 for the 2018 financial year.

International Breweries Plc

International Breweries maintains a spot in this week’s watchlist, as the company is yet to release its release its results for the 2018 financial year. In addition, its Q1 2019 results are due.

Presco Plc

Presco Plc also maintains a spot this week, as the company is yet to release its audited full year 2018 results. The firm had indicated that it would release the results on or before the end of May.

11 Plc, Infinity Trust Mortgage Bank, Seplat Plc, Newrest ASL

11 Plc (formerly known as Mobil Oil Nigeria), Infinity Trust Mortgage Bank, Seplat Petroleum, Nigerian Breweries and Newrest ASL have a joint spot this week’s watchlist; the companes will be holding their Annual General Meetings (AGMs) this week

First Aluminum

In preparation for the voluntary delisting of the issued share capital of First Aluminium Nigeria Plc ((First Aluminium or the Company) from the Daily Official List of The Exchange, Apel Asset Limited on behalf of First Aluminium has requested that the issued share capital of the Company be placed on suspension.

In view of the above, the shares of the Company will be placed on suspension effective, Wednesday, 15 May 2019.

The investing public will be notified of further developments regarding the delisting of the Company.

SUNU Assurances plc

Based on fundamental analysis and recent trading volumes, this stock is projected to go on a bull run in the near future

SUNU Assurances Nigeria Plc has assured shareholders that recent corporate changes will lead to better performance in the years ahead.
At the annual general meeting yesterday in Lagos, directors of the insurance company said the rebranding of the company and appointment of new management reflected the company’s commitment to long-term growth.