Top Stock Picks for This Week: United Capital, Aradel, Custodian Investment

Trading in Nigerian stocks saw a boost last week. This was the best activity level in over six weeks as the earnings season got serious. Transaction size jumped by 57.3 percent to 4.4 billion shares.

Some strong half-year results were shared, especially from BUA Cement. More results are on the way as companies rush to meet the deadline for filing their unaudited reports.

Investors will be looking at companies' chances of paying interim dividends as they make their moves.

PREMIUM TIMES has put together a list of stocks with solid fundamentals. We used careful approaches to help you avoid picking stocks randomly for investment.

This list is based on market analysis. It serves as a guide for entering the market and making smart choices, with the hope that selected stocks will increase in value over time.

This is not a buy, sell, or hold recommendation. It is a stock investment guide. It is wise to consult your financial advisor before making any investment decisions.

United Capital

United Capital is at the top of this week's list because of its strong fundamentals. The investment bank has a net profit ratio (NPR) of 51.2 percent. Its price-to-earnings (PE) ratio stands at 10.4 times. The 14-day relative strength index (RSI) is 56.2.

Aradel Holdings

Aradel Holdings is included for its strong fundamentals. The energy company has an NPR of 68.7 percent and a PE ratio of 8.8 times. Its 14-day RSI is 43.2.

Custodian Investment

Custodian Investment made the list due to its strong fundamentals and because it is trading below its true value. The company's NPR is 27.6 percent, with a PE ratio of 6.3 times. The 14-day RSI is 67.4.