Top Stocks to Watch This Week: Fidelity, NEM & Aradel Lead the Pack ✨
Despite a slight 0.1% dip in the Nigerian stock market last week, investors remained active — with trading volume soaring 52% higher. And once again, the financial services sector dominated the market, accounting for a massive 70.1% of all transactions.
As the year draws to a close, analysts note that cautious investors are shifting toward fundamentally strong stocks, especially those that now offer attractive re-entry opportunities.
PREMIUM TIMES highlights five stocks with strong fundamentals worth watching — not as a buy/sell/hold recommendation, but as a guide for informed decision-making.
1️⃣ Fidelity Bank — Leading the Week
Fidelity takes the top spot thanks to:
• Strong fundamentals
• Trading below intrinsic value (undervalued)
• Net Profit Ratio (NPR): 27.5%
• Price-to-Earnings (P/E): 3.6x
• Relative Strength Index (RSI): 45.6
This combination signals earnings strength and potential for future price appreciation.
2️⃣ NEM Insurance — Undervalued & Solid ️
NEM makes the list for being attractively priced relative to its true value.
• NPR: 26.1%
• P/E: 3.8x
• RSI: 38.8
The stock reflects value for money with steady operational performance.
3️⃣ Aradel Holdings — Strong Performance in Energy ⚡️
Aradel earns a spot for its resilient fundamentals and the fact that it’s trading below its intrinsic value.
• NPR: 53%
• P/E: 7.7x
• RSI: 53.1
This indicates high profitability and sustained investor interest.
4️⃣ Fidson Healthcare — Stable but Undervalued
Fidson appears on the list for its solid, though moderate, fundamentals.
• NPR: 8.8%
• P/E: 9.1x
• RSI: 16.7
The extremely low RSI suggests the stock may be oversold, potentially presenting a bargain entry point.
5️⃣ United Capital — High Profitability ⚖️
United Capital rounds out the selection with strong, consistent performance.
• NPR: 54.5%
• P/E: 15.6x
• RSI: 48.3
A highly profitable stock with steady investor confidence.
Quick Market Context
Of all sector indexes this year:
• Only Oil & Gas sits in negative territory at –0.5%
• The NGX benchmark index is still up a strong 39.4% YTD
With year-end approaching, experts expect the market to be driven by selective buying, focused on quality stocks with solid fundamentals and value upside.
Despite a slight 0.1% dip in the Nigerian stock market last week, investors remained active — with trading volume soaring 52% higher. And once again, the financial services sector dominated the market, accounting for a massive 70.1% of all transactions.
As the year draws to a close, analysts note that cautious investors are shifting toward fundamentally strong stocks, especially those that now offer attractive re-entry opportunities.
PREMIUM TIMES highlights five stocks with strong fundamentals worth watching — not as a buy/sell/hold recommendation, but as a guide for informed decision-making.
1️⃣ Fidelity Bank — Leading the Week
Fidelity takes the top spot thanks to:
• Strong fundamentals
• Trading below intrinsic value (undervalued)
• Net Profit Ratio (NPR): 27.5%
• Price-to-Earnings (P/E): 3.6x
• Relative Strength Index (RSI): 45.6
This combination signals earnings strength and potential for future price appreciation.
2️⃣ NEM Insurance — Undervalued & Solid ️
NEM makes the list for being attractively priced relative to its true value.
• NPR: 26.1%
• P/E: 3.8x
• RSI: 38.8
The stock reflects value for money with steady operational performance.
3️⃣ Aradel Holdings — Strong Performance in Energy ⚡️
Aradel earns a spot for its resilient fundamentals and the fact that it’s trading below its intrinsic value.
• NPR: 53%
• P/E: 7.7x
• RSI: 53.1
This indicates high profitability and sustained investor interest.
4️⃣ Fidson Healthcare — Stable but Undervalued
Fidson appears on the list for its solid, though moderate, fundamentals.
• NPR: 8.8%
• P/E: 9.1x
• RSI: 16.7
The extremely low RSI suggests the stock may be oversold, potentially presenting a bargain entry point.
5️⃣ United Capital — High Profitability ⚖️
United Capital rounds out the selection with strong, consistent performance.
• NPR: 54.5%
• P/E: 15.6x
• RSI: 48.3
A highly profitable stock with steady investor confidence.
Quick Market Context
Of all sector indexes this year:
• Only Oil & Gas sits in negative territory at –0.5%
• The NGX benchmark index is still up a strong 39.4% YTD
With year-end approaching, experts expect the market to be driven by selective buying, focused on quality stocks with solid fundamentals and value upside.