Despite UNICEF’s endorsement, Nigeria’s only open defecation-free state struggles with human faeces.INVESTIGATION: Toxic Tactics: US govt funds pesticide/GM propaganda in Nigeria.Nigerian stocks advanced by 1 per cent last week despite fewer trading days occasioned by two public holidays observed in commemoration of Christmas. The gain rode on the back of the performance of the insurance and consumer goods indexes, which returned 7.9 per cent and 3.1 per cent respectively.
The main equity index itself has yielded 36.6 per cent year to date. That is higher than country’s inflation rate, highlighting the ability of Nigerian stocks to deliver strong returns in the face of rising price levels. Going into the week, analysts at the investment bank United Capital said “The equities market is expected to retain its buy interest as investors cherry-pick undervalued stocks.” “However, given the high interest rates in the fixed income and money markets, we expect some bearish undertone to persist in the equities market as fixed income biased investors take advantage of the high yields in the fixed income space,” they added. PREMIUM TIMES has assembled some stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment. The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will increase in value with the passage of time. This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.Nascon tops this week’s pick for currently trading significantly below its intrinsic value and close to its lowest price in 52 week
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