Top Stock Picks This Week: BUA Cement, Unilever, Jaiz Bank

Nigerian stocks dropped by 2.1 percent last week due to profit-taking across various sectors. This was mainly driven by industrial goods and oil and gas stocks.

With this decline, the year-to-date yield for the market now stands at 59.9 percent. The drop came with a sharp fall in transaction volume, which fell by 62.9 percent to 2.9 billion shares, down from 7.6 billion shares the week before.

Analysts at United Capital shared their views ahead of the week. They expect investors to focus on stocks with strong earnings, good dividend yields, and solid fundamentals. They also noted that lower yields in the fixed-income market could make stocks more appealing.

PREMIUM TIMES has put together a list of stocks with good fundamentals to help you avoid random choices when investing.

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

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

BUA Cement

BUA Cement is the top pick this week due to its strong fundamentals. The cement company has a net profit ratio (NPR) of 33.8 percent and a price-to-earnings (P/E) ratio of 19.1 times. Its 14-day relative strength index (RSI) is 56.1.

Unilever Nigeria

Unilever Nigeria is included in the list because of its solid fundamentals. The conglomerate has an NPR of 14.1 percent and a P/E ratio of 17.6 times. Its 14-day RSI is 63.4.

Jaiz Bank

Jaiz Bank makes the list due to its strong fundamentals as well. The non-interest bank has an NPR of 28.3 percent and a P/E ratio of 11.2 times. Its 14-day RSI is 44.3.