Tuesday, February 20, 2018 2:14:42 PM- Nigerian Stock Exchange.



  Growing S-50 club

      

Jan 31 (Lagos) - New stocks have made their entry into the sub 50 Kobo level this week. We call it the S-50 club. 



The stocks in the club are Insurance Companies PRESTIGE , AFRINSURE & ROYALEX



Other members of the S-50 right now include LASACO , FTNCOCOA & MULTIVERSE .



In November 2017 we discussed the Companies that could possibly hit the lowest level of 1 Kobo per unit and these names were part of that group because they were stuck at 50 Kobo levels for a long time. 



The stocks that surprised the market and have zoomed off since December from 50 Kobo levels are UNITYBNK , NEIMETH  , WAPIC , WEMABANK & SKYEBANK



Shareholders of these Companies finally re-couped some of their losses while new investors have seen sharp gains. 




reporting for easykobo.com on Wednesday, Jan 31 2018 from Lagos, Nigeria



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