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shed 1.1 per cent as profit-taking efforts by investors weighed on equities, with bank stocks most affected. A couple of corporate actions, notably dividend declarations, were announced during the week, but the financials and the cash reward plans of three of the big lenders – Zenith, GTCO and UBA – are still being awaited.
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. You may need to involve your financial advisor before taking investment decisions.C & I Leasing tops this week’s pick for currently trading significantly below its intrinsic value, brightening its chances of strong price appreciation in the future.Wema makes this week’s list for proposing a dividend per share of N0.50 per share for full-year 2023, 40 per cent higher than that of the preceding year. The lender’s PB ratio is 0.9x, while the PE ratio is 4.5x.