Ruth Ibikunle
The essence of investing in the stock market is to make profit, but patience is needed in the profit making process. Recently investors have been experiencing fluctuation in the prices of stocks. Just as the market closed flat at the end of trading activities last week, it again closed flat yesterday.
Stockswatch reviewed the market performance on Monday with Mallam Garba Kurfi, the M.D/C.E.O of APT Securities and Funds Limited. Below are his views on the trend of the market.
The market closed flat on Monday, what should we expect in the coming days this week?
We are expecting the market to close positively by the end of the week as most of the companies Q3 results are out and looks promising for the better performance for the year end December, 2022.
What is driving the price of Royal Exchange, Cutix and UCAP? Is UCAP a good BUY?
The Q3 Results of UCAP is very good with a double digit growth. The company have a very good dividend pay out and with Q3 results its give confidence that it can sustain the Dividend of N1.50 with a possibility of improving upon previous year that give rise to the price. While Royal Exchange declared more losses than the previous years. The only reason given for the increase in prices may be attributed to recorded lowest price in the last three years, while Cutix has to do with good performance together with the lowest price record for the year.
UCAP is a good buy.
Learn Africa dropped from N1.68 to N1.52? How low will the price get to? Is it a good buy at the current price?
Learn Africa drop in price due to market inter play but in terms of performance, it has done very well for the Q2 ended September, 2022. It move from losses recorded in the previous years into Profit with a good performance. As for the price is good to take position now for both Short term and Long-term
Geregu dropped to N115.9 from N120 on Monday. What price is the best entry price for Geregu?
Geregu fall to N115 is part of the inter market play which is one of the characteristics of the Capital market.
How attractive is GTCO?
GTCO at the current price is good to take position for short, medium and long term with the Q3 results shows positive improvements compared with the previous years, for the first time it shows positive improvement compared with the previous quarter to quarter performance
What are the stocks to watch for the week?
The stocks to watch are Fidson, NAHCO. FBNH, GTCO, ZENITH BANK, ACCESS, MTN & WAPCO