Easykobo - Nigerian stock market investing

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

Readers's Opinion(0)

If you would like to post comments! Please log in.

Community sentiment

Top Stocks creating buzz on easykobo
Finance message boards

Bullish
DANGOTE CEMENT PLC
FLOUR MILLS NIGERIA PLC
ETERNA PLC

Bearish
AFROMEDIA PLC
INTERNATIONAL ENERGY INSURANCE COMPANY PLC
OANDO PLC

Maintainance

MPC leaves all rates unchanged

GDP grew by 1.95% in Q1 2018

INFLATION fell to 12.48% in April

CBN tells people to reject old notes at banks

Place Your Ad Here