October 19, 2018

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4 Stocks Under N10 That Could Make You Big

4 Stocks Under N10 That Could Make You Big

Investing in some stocks could make you big returns within a very short time. If you are interested in stocks, and ready to put some money out there, here are some stocks to look at today.

UNITY BANK

Unity bank suffered a huge price crash in February when the price went as high as N1.90. Fundamental and technical indicators favour the bank which has generated an alpha of 237 so far in 2018 and has a low correlation with the market. The current price of N0.97 indicates a crossing above its 1-week, 5-week, 10-week and 20-week moving averages which could indicate that it is time to jump in.

NEM Insurance Plc

NEM Insurance Plc, one of the oldest surviving insurance companies in Nigeria, has not been struggling for some time. The recent acquisition of its shares at N4 per share by Eaton Acquisition Ltd is an indication of undervaluation. In 2017 fiscal year the company grew its premium by 24.7% while net premium increased by 15.2%. Though its current price of N3.00 per share is below its 1-week, 5-week and 10-week moving average, a reversal may be on the horizon soon.

Cutix Plc

Cutix Plc is engaged in the manufacturing and marketing of electrical, automobile and telecommunication wires, cables and related. The company recorded a Q2 profit margin of 8.44%.

C & I Leasing

C&I Leasing PLC engages in the business of operational leases, finance leases and offshore marine support and other ancillary services in Nigeria. The stock’s current price of N3.00 per share is above its 10_week, 20_week and 5_Week moving averages and the stock has recorded an alpha of 165 and it has a negative beta and correlation with respect to the stock market, meaning that it moves the opposite way from the market.

 

 

 

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