Strong Q1 Results Fuel Market Optimism as Academy Press, NNFM, Zenith, Others Emerge Top Picks This Week
Market Overview:
Nigerian stocks sustained their positive momentum last week, climbing for the third consecutive time, driven largely by strong Q1 results in the consumer goods sector. The NGX All-Share Index rose by 2.5%, one of the fastest weekly gains this year, bringing the year-to-date return to 5.6%.
Analysts at United Capital note that while investors await the Monetary Policy Committee (MPC) decision later this May, retail players are simultaneously engaging in profit-taking, causing slight sell-offs that limit consistent upward movements.
As we move into a crucial week marked by investor caution, PREMIUM TIMES presents stocks selected based on strong fundamentals and valuation indicators—not as a buy, sell, or hold recommendation, but as a strategic guide for informed investing.
Top Stock Picks This Week:
1. Academy Press Plc
• Why it stands out: Trading significantly below intrinsic value, with strong Q1 performance.
• Valuation:
• PE Ratio: 5.9x
• RSI: 95.2 (indicates it may be nearing overbought territory, so timing is crucial)
2. Northern Nigeria Flour Mills (NNFM)
• Why it stands out: Deeply undervalued with solid fundamentals.
• Valuation:
• PE Ratio: 4.0x
• RSI: 75.3 (also approaching overbought territory)
3. Zenith Bank
• Why it stands out: Attractive valuation relative to performance; strong brand and dividend history.
• Valuation:
• PE Ratio: 1.5x
• RSI: 56.8
4. AXA Mansard
• Why it stands out: Undervalued with moderate risk indicators.
• Valuation:
• PE Ratio: 7.2x
• PB Ratio: 2.9x
• RSI: 45.6
5. Fidelity Bank
• Why it stands out: Appealing valuation for value-oriented investors.
• Valuation:
• PE Ratio: 1.5x
• RSI: 70.2
Final Note:
This list serves as a guide based on current market data and may help in identifying opportunities with growth potential. However, this does not represent financial advice. Please consult with your financial advisor before making investment decisions.
Market Overview:
Nigerian stocks sustained their positive momentum last week, climbing for the third consecutive time, driven largely by strong Q1 results in the consumer goods sector. The NGX All-Share Index rose by 2.5%, one of the fastest weekly gains this year, bringing the year-to-date return to 5.6%.
Analysts at United Capital note that while investors await the Monetary Policy Committee (MPC) decision later this May, retail players are simultaneously engaging in profit-taking, causing slight sell-offs that limit consistent upward movements.
As we move into a crucial week marked by investor caution, PREMIUM TIMES presents stocks selected based on strong fundamentals and valuation indicators—not as a buy, sell, or hold recommendation, but as a strategic guide for informed investing.
Top Stock Picks This Week:
1. Academy Press Plc
• Why it stands out: Trading significantly below intrinsic value, with strong Q1 performance.
• Valuation:
• PE Ratio: 5.9x
• RSI: 95.2 (indicates it may be nearing overbought territory, so timing is crucial)
2. Northern Nigeria Flour Mills (NNFM)
• Why it stands out: Deeply undervalued with solid fundamentals.
• Valuation:
• PE Ratio: 4.0x
• RSI: 75.3 (also approaching overbought territory)
3. Zenith Bank
• Why it stands out: Attractive valuation relative to performance; strong brand and dividend history.
• Valuation:
• PE Ratio: 1.5x
• RSI: 56.8
4. AXA Mansard
• Why it stands out: Undervalued with moderate risk indicators.
• Valuation:
• PE Ratio: 7.2x
• PB Ratio: 2.9x
• RSI: 45.6
5. Fidelity Bank
• Why it stands out: Appealing valuation for value-oriented investors.
• Valuation:
• PE Ratio: 1.5x
• RSI: 70.2
Final Note:
This list serves as a guide based on current market data and may help in identifying opportunities with growth potential. However, this does not represent financial advice. Please consult with your financial advisor before making investment decisions.