Weekly Stock Picks: Top Undervalued Stocks to Watch

The main equity index now boasts a year-to-date return of 36.6%, surpassing the country’s inflation rate and showcasing the resilience of Nigerian stocks in delivering strong returns amidst rising price levels.

Market Outlook

Analysts at United Capital foresee a continuation of investor interest in undervalued stocks this week. However, they caution that high interest rates in the fixed-income and money markets could introduce a bearish sentiment as some investors shift focus to take advantage of high yields in those sectors.



To guide your investment decisions, Premium Times has curated a list of stocks currently trading below their intrinsic value with strong potential for growth. Note that this is not a buy, sell, or hold recommendation, and consulting a financial advisor is advised.

Highlighted Stock Picks ️

1. Nascon Allied Industries

• Reason to Watch: Trading near its 52-week low with a PE ratio of 7.2x, RSI of 37.7, and PB ratio of 2.3x.

• Potential: Strong fundamentals suggest it’s significantly undervalued.

2. C & I Leasing

• Reason to Watch: Close to its 52-week low, with a PE ratio of 5x, RSI of 42, and PB ratio of 0.2x.

• Potential: A strong case for a rebound based on its metrics.

3. Access Holdings

• Reason to Watch: PE ratio of 1.1x, RSI of 48.8, and PB ratio of 0.3x.

• Potential: Trading far below intrinsic value, signaling a potential upside.

4. Veritas Kapital Assurance

• Reason to Watch: PE ratio of 2.4x, RSI of 64.2, and PB ratio of 1x.

• Potential: Currently undervalued with room for growth.

5. Prestige Assurance

• Reason to Watch: PE ratio of 4x, RSI of 77.2, and PB ratio of 0.7x.

• Potential: Attractive valuation metrics suggest opportunity.

6. United Bank for Africa (UBA)

• Reason to Watch: PE ratio of 1.8x, RSI of 62.1, and PB ratio of 0.3x.

• Potential: Trading below intrinsic value, presenting an entry opportunity.

Key Takeaways for Investors

• Stay Strategic: Focus on undervalued stocks with strong fundamentals.

• Monitor Trends: Be aware of the impact of high interest rates in competing markets.

• Seek Advice: Consult financial advisors before making investment decisions.


As the new year approaches, these insights can help investors position themselves for opportunities in Nigeria’s dynamic stock market. Always prioritize informed and calculated moves when navigating the equities landscape.T