NEM, First HoldCo, Africa Prudential Among Top Nigerian Stocks to Watch This Week

Nigerian stocks continued their upward momentum last week, marking the third consecutive week of gains, led primarily by oil and gas equities. All sector indexes rose, pushing the year-to-date return for the Nigerian Stock Exchange to 6.8 per cent. Strong investor confidence has fueled high buying interest across multiple sectors since the start of 2026.

Analysts at Meristem Securities say early-year portfolio adjustments and fresh market inflows are likely to sustain this demand. “Investors are positioning themselves ahead of full-year earnings releases, particularly in stocks with strong fundamentals, clear earnings growth, and attractive dividends,” the analysts noted in their weekly outlook.

PREMIUM TIMES has identified a list of stocks with solid fundamentals to guide investors, helping reduce the risk of random equity selection. This list serves as a strategic market guide, highlighting companies expected to record reasonable price appreciation over time. It is important to note that this is not a buy, sell, or hold recommendation, and investors should consult financial advisors before making any decisions.

This week, NEM Insurance tops the list for its strong fundamentals, trading below intrinsic value, with a net profit ratio of 21.2% and a price-to-earnings (PE) ratio of 4.6x. First HoldCo is noted for a PE ratio of 3.5 and an RSI of 71.6, making it an attractive pick for value-seeking investors. Meanwhile, Africa Prudential impresses with a net profit ratio of 36.5% and a PE ratio of 20.8x, highlighting its robust fundamentals.

Other notable stocks include NASCON, with a net profit ratio of 19.6% and PE of 10x, and Fidson, trading below its underlying value with a net profit ratio of 8.8% and PE ratio of 16. As investors navigate the market, these companies offer potential opportunities for growth based on strong fundamentals and market positioning.

source: premiumtime