Monday, January 21, 2019 6:30:28 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 on Wednesday, Jan 31 2018 from Lagos, Nigeria

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