Latest / Green Ticker Tales / Nigerian stocks to watch WTD June 29, 2026
Transcript
- 0:00Good morning. Welcome to this week's weekly watch list podcast. So here's a rundown of stocks I will be paying close attention to in this week's trading session. First off, I'd start with the stocks I would say are the bearish momentum plays. You have your Regency Alliance Insurance, FCMB, UPDC. They are trading at key psychologically low.
- 0:29uh levels so you have regency trading at 79 couple i closed last week at 79 couple that's trading below its right issue price of 95 couple and the ta on a weekly basis for regency shows a strong sell so we may see further as soft pressure in that stock fcnb closed last week at 995 cover and that means fcnb is trading below the key point
- 0:57I mean from a psychological basis of 10 Naira a share. So just under 9.95 and it's just very close as well to its 52-week low of 8.95 Naira a share. So let's see how FCNB moves. For UPDC, UPDC is 25 Naira away from its 52-week low of 3 Naira a share. So it's possible we could see UPDC retort.
- 1:25it's all hit its 52 weekly of three naira a share depending on how the market was and last week the market was broadly uh bearish uh you had the likes of arad as well there was a loser side of things so um it was an interesting trading session last week i mean you had had slight gains in likes of gt co as any bank but that wasn't enough to push up the market so
- 1:52For Regency, Alliance, Insurance, FCNB and EPDC, the bearish momentum may continue there. Then we have a few stocks that I would say are just managing to keep above or keep around the psychological levels. I mean, you have LendAfrica trading at 10 naira a share. Its S3 support is 9.73 naira, so it's just 27 naira above its S3 support.
- 2:19i read the oculus last week at the thousand four hundred and seventeen there are fifty copper we deep further i guess would have to say i think one of the the the the market moves last week was the high love sales in liquid stocks and some would say that it's uh due to the the those who took part in the uh dango day petrochemical refinery and private um appraisements so obviously
- 2:47liquidating some stocks to hold and all that. And that's a plausible view because in the last few weeks, the sell-offs you've seen in these stocks, I mean, all of a sudden, look at the banking space, you've had quite a number of sell-offs. So, Aradale, let's see how it goes. I think for me, the key point to watch for Aradale is if Aradale can maintain the 1.3, 1.4 levels, we're good. If it falls below 1.3, that fall is going to be a free fall. When my bank closed at,
- 3:1727 naira last week now in my view that's close to what you can call a support level i think 25 would be a good support for that stock so dropping from 27 to 25 would probably be just a a less than 10 percent um a decline so let's see well bank and all this really depends on the broad market sentiments if you still have a sell-off this week um let's see
- 3:43If that happens. If that happens, then yes, you'll see further pullback in some of these stocks. But it's not all doom. You may also have some good news from PZ Cousins Nigeria. Support meeting this Tuesday to consider earnings. So those earnings should probably be out within the week. For PZ Nigeria, I think if you're looking at those results and you can check the past videos on Green Ticker Warrior on YouTube that I've done on PZ, you need to strip away the one-off games. Strip away the one-off games.
- 4:12uh from that company's results to get the true underlying numbers and that's something probably may decide to do within the week when the result comes out and we round up with the auction index index close at around the 232k levels uh the 52 week high is 254k so closing at 232k means that you're just kind of under maybe 10 ish or so percent below it's um
- 4:39are 52 because so i don't see a cause for concern if we can maintain these 232k 220 to 30k we're good if we drop to the two level 210k then we might see a free fall and so that's what i'm going to be watching these are just some of the tickets i'm going to watch in the market the usual names are also there your mtn nigeria your zen in japan your gt code your dango this cement and those are stocks to continue to watch because they are upward or downward movements
- 5:09moves the overall market. I had a few complaints about the video, the text on the font on the video side of things. So I will be shooting the Rumble version. We're also on Rumble at Green Seeker Warrior. Rumble is a video platform. So I'll be shooting on Rumble and then sharing the Rumble link for those who had a bit of difficulties watching the video.
- 5:35Thank you for listening. Have yourselves a lovely trading week ahead.