UBA, Transcorp Lead, As Investdata’s Stock Pick Offers 32% Average Returns In Q4

Ahead of its virtual 2024Q1 Master Class holding on Monday, January 1, the management of Investdata Consulting Limited on Friday released the performance of five stocks recommended for those who attended the 2023Q4 class showing that those who positioned in the companies recorded 32.08% as of close of trading on the Nigerian Exchange Limited on December 28.

United Bank for Africa Plc, on e of the recommended stocks, made investors smile the most, returning 49.4%.

UBA Plc opened at N16.80 each during the period and closing at N25.10 after attaining a height of N26.24 between the months of October and December 28. Transnational Corporation of Nigeria (Transcorp) followed with a capital appreciation of 46.91%, as its share price appreciated from the N5.99 opening price in October, closing at N8.80 each, just as it attained a peak of N9.30 per share last Thursday.

Chams Plc was equally an investors’ delight returning 41.41% during the period, after closing N1.81 per share in the period under review, from N1.28 each, which was below its N2.66 best in the three-month period.

Others on the Investdata picks include NAHCo Plc (formerly Nigerian Aviation Handling Company Plc), which returned 11.53%, closing at N26.60 per share, just whiskers from its best for the period of N26.95; and UPDC, which closed at N1.33, which translated to a capital appreciation of 10.83%, and slightly below its N1.48 per share best for the quarter.

According to organisers of the master class tagged: “Secure You Financial Future in 2024,” experts have been lined up as usual to take participants on such sub-themes as “Understanding Market & Economic Trends For Profitable Investing,” “Revolutionary Trading And Investing Strategies For 2024,” “How To Find Great Stocks for 2024 & Beyond,” and “Market Timing & Positioning: Using Numbers/Dates.”

Benefits of attending the Q1 master class holding on Monday, January 1, which is a public holiday, according to Ambrose Omordion, Chief Research Officer of Investdata Consulting Ltd., include “building wealth through knowledgeable trading and investing, profitable rebalancing and sector rotation to stay ahead of the market and manage risk, navigating the market for consistent profits by having a roadmap and simple timing tools on which to build your structure, and trading with supply and demand levels for maximizing profits and protect capital.”

Five hyper-growth stocks to trade with 100% upside potentials and three stocks that beat inflation in a 91-Day time frame, he assured, will be recommended to participants.

The Master Class will also be of great benefits to traders and investors who desire to take full advantage of the forthcoming full-year earnings reporting season and dividend announcement in Q1 2024. This is apart from serving as a guide to trading profitably while taking opportunities, the profits ahead and helping investors stay a step ahead in the dynamic world of investing and trading.

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