Nigerian stocks jump 7.3% weekly, YTD 55.7% as industrial shares lead; top picks listed
Nigerian equities rose 7.3% last week, pushing the year-to-date yield to 55.7%, driven by industrial goods stocks despite limited trading days. Improved trade volume supported the gain, and analysts at Meristem Securities expect momentum to continue as investors position ahead of dividend payments and anticipate strong Q1 2026 earnings, especially in fundamentally sound companies.
Premium Times compiled a guide of stocks with solid fundamentals to help investors avoid random picks. The list includes Sterling Financial Holdings (NPR 16.5%, PE 4.6x, RSI 45.3), Nascon (NPR 22%, PE 16.9x, RSI 74), Wema (NPR 29.4%, PE 1.3x, RSI 72), Lafarge Africa (NPR 29.4%, PE 20.6x, RSI 93.8), and United Capital (NPR 48.1%, PE 11.8x, RSI 68.4). These metrics show profitability, valuation, and momentum trends.
The guide stresses it is not a buy, sell, or hold recommendation; investors should consult a financial advisor before acting. With the market up over 50% YTD, the data offers a starting point for researching shares that may sustain growth, but due diligence remains essential.