Stock Picks of the Week: Nascon, C&I Leasing, Access Holdings Highlighted
By Fly Cable News
Nigerian stocks rose by 1% last week, driven by insurance and consumer goods sectors, with a year-to-date return of 36.6%. Analysts expect continued interest in undervalued stocks despite high fixed-income yields.
Top Picks Include:
– Nascon Allied Industries: Trading near a 52-week low, PE 7.2x.
– C&I Leasing: Undervalued with a PE of 5x.
– Access Holdings: Significant potential, PE 1.1x.
– Veritas Kapital Assurance: PE 2.4x, RSI 64.2.
– Prestige Assurance: PE 4x, RSI 77.2.
– UBA: Strong fundamentals, PE 1.8x.
Note: This is a guide, not an investment recommendation. Consult your financial advisor.
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