Top Five Stock Picks for the Week

By Modupe Gbadeyanka

A new trading week has started on Monday and investors are optimistic of having the bulls returning to the market following the conclusion of the 2019 general elections at the weekend.

Also, the return of the market to the positive territory on Friday is expected to boost confidence of investors this week.

Analysts at Meristem this morning revealed their top five stock picks for the week and they are presented below.

First on the list is Dangote Cement, which closed N189.70k per share last week. The stock is projected to gain 22.36 percent in the week to close at N232.11k per unit.

Second on the list is GTBank, which is expected to appreciate by 10.24 percent to settle at N41.34k per share against N37.50k per share it ended last week.

Occupying the third position is Mobil Oil Nigeria, which finished at N170 per unit last week. The energy stock is being tipped to close N199.38k per share, representing 17.28 percent rise.

Fourth on the list is UBA, which should, according to Meristem analysts, grow by 18.21 percent to N9.22k per share from N7.80k per unit.

Last on the table is Zenith Bank, which finished at N22.05k per unit last Friday and it is expected to yield 24.63 percent growth to N27.48k per share.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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