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Sterling Bank, Three Other Companies Make Ripples Nigeria Stocks-to-Watch List

Sterling Bank, Three Other Companies Make Ripples Nigeria Stocks-to-Watch List

Sterling Bank and other three companies have made it into the Ripples Nigeria stock-to-watch list.

According to Ripples Nigeria, the companies that have made it to the stock-to-watch list include Dangote Cement, Mansard, University Press, and Sterling Bank. Information Guide Nigeria

In a report filed by Ripples Nigeria, the stock-to-watch list involves a selection of stocks monitored for viable trading or investing opportunities.

According to them, an investor may casually generate a list of equities for investment purposes.

Ripples Nigeria however suggests that the stock watch list is not a buy, sell, or hold recommendation and advises that investors should consult financial advisors before making any investment decision.

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Dangote was at a high risk as its stock value climbed by 14.2 percent in the Nigerian bourse according to Ripples Nigeria. Jamb Results

The company gained N35 to push its share price from N245 to N280 per share in four days of trading. This will make the stock one to watch out for.

Ripples Nigeria reports that Mansard shareholders sold off their investment last week and the company’s stock value fell which made them lose N1.50kobo in share price.

Ripples Nigeria also reports that investors queued behind University Press, as they believe the company’s asset will grow in value and this led to the firm’s stock value rising by 23 percent.

According to them, this growth represents N0.21kobo gain as last week ended with four days of capital market activities.

Ripples Nigeria describes Sterling Bank as one of the money lenders to watch out for when planning to enter the financial market, as the bank’s value has continued to drift sideways since ending of July.

According to Ripples Nigeria, Sterling Bank investors lost N3.45 billion as shareholders engage in profit-taking every time there’s a jump in the company’s equity’s value.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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