By Modupe Gbadeyanka
It is no doubt that the local stock market has been on the downtrend for some weeks now, but for smart investors, the best time to buy stocks is when the market is down because prices are very low and when the market begins to pick, you can then sell to make profit.
For those who have the balls, this is the time to enter the market and select some fundamentally sound stocks at the market.
Analysts at Meristem Research have listed five equities investors can keep a close tab on in this trading week and they are presented below.
First on the list is Dangote Cement, which presently sells at N189 per unit. The stock is expected to hit N232.11k to yield 22.81 percent.
Second on the chart is Zenith Bank, which trades at N20.50k per share at the moment and is project to reach N27.78k to return 35.51 percent.
The third stock to consider buying this week is UBA, which is projected to yield 45.20 percent to reach N9.22k from its present value of N6.35k.
Fourth on the table is Seplat, which sells at N590 at the market, but is tipped to hit N700.35k per unit to return 18.70 percent to its holders.
Last on the list is Mobil Oil Nigeria, which is anticipated to grow 17.28 percent to hit a target price of N199.38k from N170 it currently trades.
