Grapevine

FCMB Group, Lasaco Assurance, Ikeja Hotel top stocks pick this week

Nigerian stocks appreciated marginally by 0.1 per cent last week on the back of increased interest in oil & gas equities.

The market has yielded 30.5 per cent year to date, with the Oil & Gas Index leading other sector indexes. Energy stocks have gained more than double their value at the beginning of the year.

Generally, bank stocks offer stronger prospects for investment than others at the moment as most of the equities in the sector are still low-priced and have good fundamentals.

PREMIUM TIMES has assembled some stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.

The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will increase in value with the passage of time.