Latest / Green Ticker Tales / Nigerian stocks to watch WTD June 12, 2026

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Nigerian stocks to watch WTD June 12, 2026 · Green Ticker Tales

• 0:00
  good morning welcome to this week's watch list uh podcast so here are my thoughts on how i think the market will ship out and the area sectors i will be watching first on my radar is index the ocean index close just above the 243k level how the index measures the average performance of stocks on the exchange so when we talk about the index the ocean index that is that's why i would like to talk about it it's sitting just above the first resistance level uh i think it's likely to consolidate around this zone
• 0:29
  or have a pullback to the second resistance level so keep an eye on the ocean index broadly speaking with the market i think we're in bargain territory a lot of needs speaking lots of cherry picking especially with the big cap and mid cap names some of them have had a decent correction i say you want to keep an eye on those uh last week stop gainers international energy insurance abbey bank
• 0:54
  you should see pullbacks i mean they did what over 30 percent i mean international energy insurance getting 46 percent are beginning 38.5 percent you're going to see pullbacks and because they are both financial stocks if you're going by a price to book valuation uh i mean abby is probably trading even if i assume a hundred percent increase based on the the capital in waiting so to speak for abby abby probably is trading at what four four times book value
• 1:21
  I don't know if it's worth getting into. We'll probably have to do the numbers later. And I keep saying this, maybe we should do the numbers. But going by, aside the deposit for shares, that's capital and weighting, as I call it, ABI is probably trading at eight times book value. So now it's expensive. Even if you say ABI is trading at four times book value, why would you want to buy financial stock in Nigeria at four times book value? Because it makes sense.
• 1:50
  uh so abby's if i pull back same thing for iei book value i think just i can't remember the book value bishop around two ish or so uh it's due for a pullback as well so expect profit taking for an international energy insurance and i'll be back for last week's top losers i think some of them most of them are actually going to range trades your abc transport investing press serving trust i don't expect huge tips
• 2:15
  But some of them are trading at good points from a psychological level. I mean, you have eternal trading just under $39. So let's see if it recovers to $39, if it keeps pulling back or it just stays where it is. The big ones, the ones we're watching, Aradale and FCMB group, waiting for FS 2025 and Q1 2026 numbers. Those numbers, I mean, for Aradale, yeah, we don't have much of a...
• 2:43
  uh what's the word to use we there is there is no uncertainty around the numbers is kind of low there was an acquisition but for fcnb they've been silent fcnb group has been silent i'm almost tired of talking about these numbers but say hey we're going to drop our results uh backlog of numbers we're going to drop them in may and may has come we are eight days into the month of june it's been radio silence from fcnb
• 3:08
  but any case we are waiting the numbers the first 125 and give on 2026 numbers from aradale and fcnb group are waiting for those numbers those numbers could drop anytime from now mt and nigeria i think it's an accumulation so mt and nigeria at sub 800 in my view is an accumulation point so watch it carefully are we going to still say it at sub 800 maybe maybe not but at this current price zone i believe investors uh will start to take position
• 3:35
  uh i've said it several times i'm trying to drive the 1000 stock for more context you can go through what uh the videos i've done on mtn you can go listen to the podcast just search for mtn and you would find it uh so you know this is what i'm going to be paying attention to i believe friday is a public holiday june 12 i believe is a public holiday but once you get confirmation that means that it's going to be an abridged trading session so you probably have four trading sessions all in all it's bound to be an interesting week i also wonder
• 4:05
  that with the global uncertainties uh shaking financial markets are we going to see it here as well we had a long conversation uh about uh one of the reasons why probably the short in settlement regime may be affecting the markets and for that are probably in the description i plugged the the link to the twitter space uh that we held and we'd also have to do our best to have the twitter space uploaded as on spotify uh within the week
• 4:34
  I thank you for listening. Have yourselves a lovely day. Have yourselves a lovely week ahead and stay tuned to the Green Tika channels across all social media platforms.