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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

The Nation Newspaper

SUNU Assurances assures shareholders of improved performance

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.

At the meeting, shareholders ratified the appointment of Mr Samuel Ogbodu as the Managing Director of SUNU Assurances Nigeria and Mr. Adeleke Hassan as Executive Director, Technical and Operations.

“This is in line with the company’s vision of growing its business consistently over the next five years to become one of Nigeria’s 10 largest underwriting companies,” the company stated.



The company’s rebranding activities involved both internal and external communication strategies to inform stakeholders and the general public of the change of name and to raise awareness of the introduction of the SUNU Group’s presence in Nigeria.

According to the company, the rebranding not only included a change in the company’s aesthetics but also in critical service functions and delivery as the company is focused on leveraging technology to provide quality insurance offerings to its various customers reflecting its pan African presence as a full-fledged member of the SUNU Group.

The company stated that the rebranding was strategic and designed to align with the exemplary brand of the parent company, SUNU Group.

It is worthy to note that SUNU Group is a foremost Pan-African Insurance Group with asset base of over $623 Million and operations in 14 African Countries and 23 office locations spanning West and Central Africa.

“SUNU Assurances Nigeria Plc is therefore positioned to leverage on SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate its offerings and service standards in the Nigerian marketplace,” the company stated.

In addition to strengthening the company’s Balance sheet, the partnership with SUNU Group is expected to provide SUNU Assurances Nigeria with critical organizational capabilities and competencies which would be harnessed to create and deliver value to its esteemed clients.

SUNU Assurances Nigeria reassured shareholders of its commitment to keep providing tailor-made products and better service on which SUNU Group have built their reputation across Africa.

Year to date, the stock is up 85.71%.

Update: Japaul share price doubles from N0.20 to N0.42 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

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Japaul Doubles Price In Bull Run As Predicted, Sunu Assurance To Follow

Japaul Doubles Price In Bull Run As Predicted, Sunu Assurance To Follow

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A N0.20 stock more than doubled in price to N0.42 and I was on for the ride. I'm definitely celebrating

Update: Japaul traded at N0.42 yesterday 6th of May 2019 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

Nigerian Stock Exchange ended Tuesday’s trading session in negative territory. The All Share Index closed at 29.096.41 basis points, down 0.34%.

Year to date, the index is down 7.43%.

Top Gainers and Losers: Beta Glass Plc was the best performing stock today. The stock gained 10% to close at N62.70. Custodian and Allied Insurance Plc gained 6.35% to close at N6.5. Access Bank Plc, rounds up the top three gainers for today. The stock gained 2.88% to close at N7.15.

On the flip side, Dangote Flour Mills Plc was the worst performing stock today. The stock declined 9.86% to close at N17.75. Julius Berger Plc fell by 7.61% to close at N26.95. Okomu Oil Plc rounds up the top three losers for the day, shedding by 2.78% to close at N72.

Top Trades by Volume: Courtville Business Solution Plc was the most actively traded stock today. 106 million shares valued at N26 million were traded in 139 deals. Japaul Oil Plc was next, with 61 million shares valued at 21 million traded in 263 deals. Access Bank Plc rounds up the top three most actively traded stocks today. 53 million shares valued at N378 million were traded in 349 deals

Nigerian Stock Exchange ended Tuesday’s trading session in negative territory. The All Share Index closed at 29.096.41 basis points, down 0.34%.

Year to date, the index is down 7.43%.

Top Gainers and Losers: Beta Glass Plc was the best performing stock today. The stock gained 10% to close at N62.70. Custodian and Allied Insurance Plc gained 6.35% to close at N6.5. Access Bank Plc, rounds up the top three gainers for today. The stock gained 2.88% to close at N7.15.

On the flip side, Dangote Flour Mills Plc was the worst performing stock today. The stock declined 9.86% to close at N17.75. Julius Berger Plc fell by 7.61% to close at N26.95. Okomu Oil Plc rounds up the top three losers for the day, shedding by 2.78% to close at N72.

Top Trades by Volume: Courtville Business Solution Plc was the most actively traded stock today. 106 million shares valued at N26 million were traded in 139 deals. Japaul Oil Plc was next, with 61 million shares valued at 21 million traded in 263 deals. Access Bank Plc rounds up the top three most actively traded stocks today. 53 million shares valued at N378 million were traded in 349 deals

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Tuesday, May 07, 2019

Sunu Assurances Nigeria Plc will on this day hold its Annual General Meeting at BWC Hotel, 1228 Ahmadu Bello Way, Victoria Island, Lagos while Union Bank Plc will on the same day hold its Annual General Meeting at H.A.B. Fasinro Hall, Lagos City Hall, Catholic Mission Street, Lagos.

Tuesday, May 07, 2019

Sunu Assurances Nigeria Plc will on this day hold its Annual General Meeting at BWC Hotel, 1228 Ahmadu Bello Way, Victoria Island, Lagos while Union Bank Plc will on the same day hold its Annual General Meeting at H.A.B. Fasinro Hall, Lagos City Hall, Catholic Mission Street, Lagos.

SUNU Assurances Nigeria PLC, formerly Equity Assurance Plc, is a Nigeria-based insurance company. The Company’s principal activity is the provision of non-life insurance business, health management, and financial services to corporate and retail customers in both Nigeria and Ghana, respectively.

The Company’s segments include Non-Life, Asset Management and Health Management. Its insurance services include Consequential Loss Insurance, Burglary Insurance, Householder’s Insurance, Goods in Transit Insurance, Public Liability Insurance, Products Liability Insurance, Aviation Insurance, and Fidelity Guarantee Insurance.

SUNU Assurances Nigeria PLC, formerly Equity Assurance Plc, is a Nigeria-based insurance company. The Company’s principal activity is the provision of non-life insurance business, health management, and financial services to corporate and retail customers in both Nigeria and Ghana, respectively.

The Company’s segments include Non-Life, Asset Management and Health Management. Its insurance services include Consequential Loss Insurance, Burglary Insurance, Householder’s Insurance, Goods in Transit Insurance, Public Liability Insurance, Products Liability Insurance, Aviation Insurance, and Fidelity Guarantee Insurance.

Japaul Oil & Gas Services Plc

Japaul Oil and Maritime Services was the best performing stock of the week, continuing a bull run that started last month. The stock gained 39.29%, opening at N0.28 and closing at N0.39, up N0.11.

Year to date, the stock is up 85.71%.

Update: Japaul traded at N0.42 yesterday 6th of May 2019 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

Japaul Oil & Gas Services Plc

Japaul Oil and Maritime Services was the best performing stock of the week, continuing a bull run that started last month. The stock gained 39.29%, opening at N0.28 and closing at N0.39, up N0.11.

Year to date, the stock is up 85.71%.

Update: Japaul traded at N0.42 yesterday 6th of May 2019 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

Japaul Oil & Gas Services Plc

Japaul Oil and Maritime Services was the best performing stock of the week, continuing a bull run that started last month. The stock gained 39.29%, opening at N0.28 and closing at N0.39, up N0.11.

Year to date, the stock is up 85.71%.

Update: Japaul traded at N0.42 yesterday 6th of May 2019 as we predicted last month Sunu Assurance is about to go on a similar bull run having had it's largest trading day in months yesterday with millions of shares exchanging hands in anticipation of the coming rally. Don't say we didn't tell you in advance

Nigerian Stock Exchange ended Wednesday’s trading session, in negative territory. The All Share Index closed at 29.900.11 basis points, down 0.58%.

Year to date, the index is down 4.87%.

Top Gainers and Losers

Dangote Flour Mills Plc was the best performing stock today. The stock gained 9.79% to close at N12.90. BOC Gases Nigeria Plc gained 9.76% to close at N4.16. Fidson Healthcare Plc rounds up the top three gainers for today. The stock gained 9.64% to close at N4.55.

On the flip side, Conoil Plc was the worst performing stock today. The stock declined by 9.57% to close at N20.80. International Breweries Plc fell by 8.70% to close at N21. AG Leventis Plc rounds up the top three losers for the day. The stock shed 7.14% to close at N0.26.

Top Trades by Volume

Zenith Bank Plc was the most actively traded stock today. 25 million shares valued at N543 million were traded in 371 deals. Access Bank Plc was next with 27 million shares valued at 190 million traded in 314 deals. United Bank of Africa Plc rounds up the top three most actively traded stocks today. 25 million shares valued at N180 million were traded in 340 deals.

Nigerian Stock Exchange ended Wednesday’s trading session, in negative territory. The All Share Index closed at 29.900.11 basis points, down 0.58%.

Year to date, the index is down 4.87%.

Top Gainers and Losers

Dangote Flour Mills Plc was the best performing stock today. The stock gained 9.79% to close at N12.90. BOC Gases Nigeria Plc gained 9.76% to close at N4.16. Fidson Healthcare Plc rounds up the top three gainers for today. The stock gained 9.64% to close at N4.55.

On the flip side, Conoil Plc was the worst performing stock today. The stock declined by 9.57% to close at N20.80. International Breweries Plc fell by 8.70% to close at N21. AG Leventis Plc rounds up the top three losers for the day. The stock shed 7.14% to close at N0.26.

Top Trades by Volume

Zenith Bank Plc was the most actively traded stock today. 25 million shares valued at N543 million were traded in 371 deals. Access Bank Plc was next with 27 million shares valued at 190 million traded in 314 deals. United Bank of Africa Plc rounds up the top three most actively traded stocks today. 25 million shares valued at N180 million were traded in 340 deals.

NSE

NSE

The Nigerian Stock Exchange closed marginally in the green, in the first trading day after the Easter holidays. The All Share Index closed at 30,088.65 basis points, up 0.01%. Year to date, the index remains in the red down 4.27%

Top Gainers and Losers

Japaul Oil and Maritime Services Plc was the best performing stock today. The stock gained 10% to close at N0.22 like we predicted last week based on our technical analysis, Sunu Assurance plc also seems on the verge of having a similar rally based on technical analysis of it's share price and volumes available. Dangote Flour appreciated by 9.81% to close at N11.75. First Aluminium rounds up the top three gainers for today. The stock added 9.76% to close at N0.45.

On the flip side, Guinness Nigeria Plc declined by 10% to close at N54. Forte Oil shed 9.83% to close at N24.30. Unilever rounds up the top three traders for the day, dropping by 8.82% to close at N31.

Top Trades by Volume

Japaul Oil once again topped the volume chart as 69 million shares valued at N14.1 million were traded in 118 deals. Unilever is next with N41.2 million shares valued at N1.2 billion traded in 92 deals. Sterling Bank rounds up the most actively traded shares by volume with 38.5 million shares valued at N104 million traded in 34 deals

Top Trades by Value

Unilever was the most actively traded stock by volume with N1.2 billion worth of shares traded. Zenith Bank was next with N517 million worth of shares traded. Guaranty Trust Bank rounds up the top three most actively traded stocks with N426 million worth of shares traded.

Corporate Actions

UBA holds AGM and releases Q1 2019 results

UBA Plc today held its Annual General Meeting and released its results for the first quarter ended March 2019. Interest income increased from N90.3 billion in 2018 to N98.5 billion in 2019. Profit before tax increased from N26.5 billion in 208 to N30.1 billion in 2019. Profit after tax increased from N23.7 billion in 2018 to N28.6 billion in 2019.

SAHCOL lists shares

SAHCOL today listed 1,353,580,000 ordinary shares of SAHCOL at N4.65 per share following the conclusion of its initial public offer.

Olam offers to buy Dangote Flour Mills

The Board of Dangote Flour Mills Plc today notified the Nigerian Stock Exchange, its shareholders, and the investing public about the receipt of a binding offer from Olam International Limited to acquire all of Dangote Flour’s outstanding shares that are not currently held by Olam or its subsidiary.

The Nigerian Stock Exchange closed marginally in the green, in the first trading day after the Easter holidays. The All Share Index closed at 30,088.65 basis points, up 0.01%. Year to date, the index remains in the red down 4.27%

Top Gainers and Losers

Japaul Oil and Maritime Services Plc was the best performing stock today. The stock gained 10% to close at N0.22 like we predicted last week based on our technical analysis, Sunu Assurance plc also seems on the verge of having a similar rally based on technical analysis of it's share price and volumes available. Dangote Flour appreciated by 9.81% to close at N11.75. First Aluminium rounds up the top three gainers for today. The stock added 9.76% to close at N0.45.

On the flip side, Guinness Nigeria Plc declined by 10% to close at N54. Forte Oil shed 9.83% to close at N24.30. Unilever rounds up the top three traders for the day, dropping by 8.82% to close at N31.

Top Trades by Volume

Japaul Oil once again topped the volume chart as 69 million shares valued at N14.1 million were traded in 118 deals. Unilever is next with N41.2 million shares valued at N1.2 billion traded in 92 deals. Sterling Bank rounds up the most actively traded shares by volume with 38.5 million shares valued at N104 million traded in 34 deals

Top Trades by Value

Unilever was the most actively traded stock by volume with N1.2 billion worth of shares traded. Zenith Bank was next with N517 million worth of shares traded. Guaranty Trust Bank rounds up the top three most actively traded stocks with N426 million worth of shares traded.

Corporate Actions

UBA holds AGM and releases Q1 2019 results

UBA Plc today held its Annual General Meeting and released its results for the first quarter ended March 2019. Interest income increased from N90.3 billion in 2018 to N98.5 billion in 2019. Profit before tax increased from N26.5 billion in 208 to N30.1 billion in 2019. Profit after tax increased from N23.7 billion in 2018 to N28.6 billion in 2019.

SAHCOL lists shares

SAHCOL today listed 1,353,580,000 ordinary shares of SAHCOL at N4.65 per share following the conclusion of its initial public offer.

Olam offers to buy Dangote Flour Mills

The Board of Dangote Flour Mills Plc today notified the Nigerian Stock Exchange, its shareholders, and the investing public about the receipt of a binding offer from Olam International Limited to acquire all of Dangote Flour’s outstanding shares that are not currently held by Olam or its subsidiary.

Sunu assurance

Sunu Assurance Nigeria Plc said it will explore opportunities in the insurance industry, as part of its aspiration to become one of the top ten insurance companies over the next five years.

The company’s Managing Director, Mr Samuel Ogbodu, stated this yesterday in Lagos, during a news conference. According to him, the company is working hard to ensure better profitability, in order to meet the expectations of of its core investors.

“WE WANT TO DO BUSINESS THE WAY IT SHOULD BE DONE, TO SERVE CUSTOMERS AND STAKEHOLDERS BETTER. WE ARE WORKING HARD TO INCREASE NIGERIA’S CONTRIBUTION IN THE GROUP AS THE BIGGEST ECONOMY IN AFRICA.

How they intend to achieve this – According to Mr Ogbodu, the goal can be achieved by exploring the numerous opportunities in the insurance industry. He said with locations across the six Geo-political zones, it would drive growth through technology and physical presence.

Taking advantage of Nigeria’s population- He further explained that the company will take advantage of the country’s population to boost its market share in the industry, stressing that it would increase its focus on the retail market to bring insurance to 180 million Nigerians in every nooks and crannies of the country.

Leveraging the group- Mr Ogbodu also stated that the Nigerian subsidiary plans to leverage the success and expertise of its group – SUNU Assurance Group – to drive growth.

Working towards the goal – The recent appointing Mr Samuel Ogbodu as Managing Director, is one of the steps taken to towards this new this new set goal.

Also, the company recently launched an innovative mobile USSD insurance solution, which it claimed was first of it’s kind. It is a self service solution that enables car owners or users to purchase third party auto insurance with the use of their mobile phones in less than five minutes.

Buy sunu assurance

Nairametrics


Sunu Assurance Nigeria Plc said it will explore opportunities in the insurance industry, as part of its aspiration to become one of the top ten insurance companies over the next five years.

The company’s Managing Director, Mr Samuel Ogbodu, stated this yesterday in Lagos, during a news conference. According to him, the company is working hard to ensure better profitability, in order to meet the expectations of of its core investors.

“WE WANT TO DO BUSINESS THE WAY IT SHOULD BE DONE, TO SERVE CUSTOMERS AND STAKEHOLDERS BETTER. WE ARE WORKING HARD TO INCREASE NIGERIA’S CONTRIBUTION IN THE GROUP AS THE BIGGEST ECONOMY IN AFRICA.

How they intend to achieve this – According to Mr Ogbodu, the goal can be achieved by exploring the numerous opportunities in the insurance industry. He said with locations across the six Geo-political zones, it would drive growth through technology and physical presence.

Taking advantage of Nigeria’s population- He further explained that the company will take advantage of the country’s population to boost its market share in the industry, stressing that it would increase its focus on the retail market to bring insurance to 180 million Nigerians in every nooks and crannies of the country.

Leveraging the group- Mr Ogbodu also stated that the Nigerian subsidiary plans to leverage the success and expertise of its group – SUNU Assurance Group – to drive growth.

Working towards the goal – The recent appointing Mr Samuel Ogbodu as Managing Director, is one of the steps taken to towards this new this new set goal.

Also, the company recently launched an innovative mobile USSD insurance solution, which it claimed was first of it’s kind. It is a self service solution that enables car owners or users to purchase third party auto insurance with the use of their mobile phones in less than five minutes.