The stock market last week closed on a positive note with 1.26% growth, week on week. Year to date, the market has returned 12.73% with All Share Index and Market Capitalisation at 48,154.65points and N26.229 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 N8.70. In the past 52 weeks, the stock has touched a high of N10.60 and a low of N7.50.
It is trading 17.92% away from its 52 weeks high of N10.60, which implies an uptrend potential of 18% for Access Holdings.
With the Book Value of N29.11, Access Holdings is considered very cheap, relative to its current share price of N8.70.
ZENITH BANK
Zenith Bank is currently trading at N22.75 and has touched a high of N27.5 and a low of N18.90 in the past 52 weeks.
It is trading 17.27% away from its 52 weeks high of N27.50, which implies an uptrend potential of about 17% for the share price of the bank.
Going by its Book Value of N41.68, relative to its current price of N22.75, Zenith Bank is very cheap and embedded with growth potentials.
GTCO
The share price of GTCO is currently trading at N21.4 and it has touched a high of N28.05 and a low of N16.80 in the last 52 weeks.
It is trading 23.71% away from its year high of N28.05, which implies an uptrend potential of about 24% for GTCO.
The Book Value of N29.66, relative to the current price of N21.4 implies that GTCO is underpriced.
UBA
UBA is currently trading at N7.3 with a 52 weeks high of N8.85 and a low of N6.55. It is trading 17.51% away from its 52 weeks high of N8.85, implying an uptrend potential of about 18% for UBA.
Considering its Book Value of N23.64, relative to its share price of N7.3, UBA is underpriced. A position in UBA has uptrend potentials.
FLOUR MILLS
Flour Mills is currently trading at N28.1 with a 52 weeks high of N41.45 and a low of N27.
It is trading 32.21% away from its 52 weeks high of N41.45, implying an uptrend potential of about 32% for Flour Mills.
Considering its Book Value of N47.82, relative to its share price of N28.1, Flour Mills of Nigeria is considered cheap and has uptrend potential.
PRESCO
Currently trading at N113, the share price of Presco has a year high of N200 and year low of N87.8.
There is an uptrend potential of 43.5% in the share price of Presco, relative to its 52 weeks high of N200.
GUINNESS
Currently trading at N63, the share price of Guinness has touched a high of N110 and a low of N36.50 in the past 52 weeks.
Guinness has an uptrend potential of 42.73%, relative to its 52 weeks high of N110.
NIGERIAN BREWERIES
The share price of Nigerian is currently trading at N45 with a 52 weeks high of N78.50 and a low of N36.
It is trading 42.68% away from its 52 weeks high of N78.5, suggesting an uptrend potential of about 43% for Nigerian Breweries.
FIDSON
Currently trading at N8.85, the share price of Fidson has a year high of N11.49 and year low of N5.45.
There is an uptrend potential of 22.98% 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.