You May Consider Buying These Stocks This Week

By Modupe Gbadeyanka

It is another new trading week and investors are getting ready to pick which of the stocks available to buy, sell or hold.

This is where those at Meristem Research come handy as they give insight into which equities to pick and expect yield in the short-term.

Five main stocks have been pencilled down for consideration, while others have also made their watch list.

They believe investors who buy Dangote Cement at its present price of N189 could have the opportunity to sell later at N232.11k per unit, giving them a yield of 22.81 percent.

Another stock on the list is FCMB, which sells at N1.90k at the moment and could return 19.47 percent after hitting N2.27k per share.

Also, investors have been urged to buy Fidelity Bank shares because it could them 19.59 percent gain, selling later at N2.32k against its present value of N1.94k.

On the list too is Mobil Oil Nigeria, which is anticipated to hit N199.38k per unit from N175 it sells now, yielding 13.93 percent.

Last on the list is Zenith Bank, which sells at N20.90k at the moment and could return 32.92 percent to sell at N27.78k.

The other stocks recommended by Meristem Research for this week are presented below this article for your perusal.

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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