Stocks to watch this week are composed of the top gainers and losers of last week. The list is comprised of companies that have released results or taken other corporate actions after trading hours.
See the stocks to below:
Wema Bank Plc
Wema Bank was the best performing stock last week. The stock closed at N0.66 up 26.92%. Investors could decide to cash out some of their profits, especially in view of current market sentiments.
First Aluminium Nigeria Plc
First Aluminium, on the other hand, was the worst performing stock last week. The stock fell by 21.43% to close at N0.33. The stock could make slight gains in the following week, as speculators could decide to go in for short-term trades.
Dangote Sugar Refinery Plc
Dangote Sugar Refinery Plc has to be observed closely because of a notice announcing the resignation of its Group Managing Director, Abdullahi Sule. A few weeks ago, it was reported that Sule might step down following his clinching the APC gubernatorial ticket for Nassarawa State.