UBA, Zenith, Ecobank top stocks to watch this week (www.premiumtimesng.com)

UBA, Zenith, Ecobank top stocks to watch this week


Last week, Nigerian stocks depreciated 1.1 per cent on account of profit-taking actions in stocks that have appreciated over the weeks.

A couple of fundamentally sound stocks with low pricing are still available even though the current uptrend in the market has pushed the valuation of many equities substantially up.

Investors will be on the lookout for the outstanding earnings reports of companies like Access Holding, which could determine the direction of trade this week.

PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.

UBA tops this week’s pick for declaring an interim dividend per share of N0.50, which is 150 per cent higher than what it paid shareholders a year ago. The proposed cash reward followed the release of the lender’s half-year 2023 financial result, which saw net profit surge more than five times to N378.2 billion.

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