By Dipo Olowookere
Analysts at Meristem Research have picked four stocks investors should watch keenly this week because they have the huge potentials of delivery good yields to holders.
In their weekly recommendation, they said these equities are the top picks for the week and can be mopped up during this five-day trading sessions.
These stocks are CAP, Dangote Cement, NEM Insurance and Zenith Bank.
Explaining why these equities should be acquired by investors, the analysts said for example, Zenith Bank could bring an expected return of 50.16 percent when bought at its opening price of N18.50k on Monday to give N27.78k per share.
For NEM Insurance, they said it could give holders a 39.90 percent price appreciation if purchased at Monday’s opening price of N2.08k to hit a target valuation of N2.91k per unit.
In addition, it was graphically stated by Meristem Research that if Dangote Cement is bought by investor at yesterday’s opening price of N170 each, it could rise to N217.27k, representing an increase of 27.81 percent.
For the last stock on the list, CAP, it was disclosed that this equities has all it takes to yield 24.65 percent if acquired at yesterday’s opening price of N24.75k because its share value could reach N30.85k.
View other recommendations below
https://businesspost.ng/wp-content/uploads/2019/08/STOCK-RECOMMENDATION-5th-August-2019.pdf
Adedapo Adesanya