The stock market rebounded last week with 1.19% growth, week on week. This is occasioned by renewed by interest in equities by smart investors.
Year to date, the market has returned 4.16% with All Share Index and Market Capitalisation at 44,492.73 points and N24.234 trillion respectively.
Prices of some stocks have started looking up gradually, although most stocks are still trading far below their fair value.
We have always advised investors to take position in fundamentally sound stocks because they stand the test of time. Just to mention a few, the following stocks can be considered for strategic entry:
ACCESS HOLDINGS
Access Holdings is currently trading at the share price of N8.10. In the past 52 weeks, the stock has touched a high of N10.60 and a low of N7.50.
It is trading 23.58% away from its 52 weeks high of N10.60, which implies an uptrend potential of 24% for Access Holdings.
With the Book Value of N29.11, Access Holdings is considered very cheap, relative to its current share price of N8.10.
ZENITH BANK
Zenith Bank is currently trading at N21.35 and has touched a high of N27.5 and a low of N18.90 in the past 52 weeks.
It is trading 22.36% away from its 52 weeks high of N27.50, which implies an uptrend potential of about 22% for the share price of the bank.
Going by its Book Value of N41.68, relative to its current price of N21.35, Zenith Bank is very cheap and embedded with growth potentials.
GTCO
The share price of GTCO is currently trading at N19.45 and it has touched a high of N28.05 and a low of N16.80 in the last 52 weeks.
It is trading 30.66% away from its year high of N28.05, which implies an uptrend potential of about 31% for GTCO.
The Book Value of N29.66, relative to the current price of N19.45 implies that GTCO is underpriced.
UBA
UBA is currently trading at N7.15 with a 52 weeks high of N8.85 and a low of N6.55. It is trading 19.21% away from its 52 weeks high of N8.85, implying an uptrend potential of about 19% for UBA.
Considering its Book Value of N23.64, relative to its share price of N7.15, UBA is underpriced. A position in UBA has uptrend potentials.
FBNH
The share price of FBHN is currently trading at N11. Within the last 52 weeks, the share price of the financial institution has touched a high of N12.60 and a low of N8.20.
It is trading 12.7% away from its year high of N12.60, which implies an uptrend potential of about 13% for FBNH.
With the Book Value of N24.89, relative to its current price of N11, FBNH is underpriced.
FLOUR MILLS
Flour Mills is currently trading at N27.3 with a 52 weeks high of N41.45 and a low of N27.
It is trading 34.14% away from its 52 weeks high of N41.45, implying an uptrend potential of about 34% for Flour Mills.
Considering its Book Value of N47.82, relative to its share price of N27.3, Flour Mills of Nigeria is considered cheap and has uptrend potential.
PRESCO
Currently trading at N120.5, the share price of Presco has a year high of N200 and year low of N87.8.
There is an uptrend potential of 39.75% in the share price of Presco, relative to its 52 weeks high of N200.
GUINNESS
Currently trading at N60.50, the share price of Guinness has touched a high of N110 and a low of N36.30 in the past 52 weeks.
Guinness has an uptrend potential of 45%, relative to its 52 weeks high of N110.
NIGERIAN BREWERIES
The share price of Nigerian is currently trading at N41.25 with a 52 weeks high of N78.50 and a low of N36.
It is trading 47.45% away from its 52 weeks high of N78.5, suggesting an uptrend potential of about 47% for Nigerian Breweries.
FIDSON
Currently trading at N8.15, the share price of Fidson has a year high of N11.49 and year low of N5.45.
There is an uptrend potential of 29.07% in the share price of Fidson, relative to its 52 weeks high of N11.49.
OKOMU
Currently trading at N167.50, the share price of Okomu has a year high of N216.9 and year low of N127.8.
There is an uptrend potential of 22.78% in the share price of Okomu Oil, relative to its 52 weeks high of N216.9.