Fidson, UACN, Ikeja Hotel top stock pick this week

The market saw limited trading sessions last week on account of public holidays on Monday and Tuesday, with the main equity index declining by 0.1 per cent.

Stocks have returned 2.5 per cent year to date, driven by bank stocks, while the insurance index remains the worst performer of the five sector indexes, having depreciated by 6.7 per cent.

“The equities market is expected to improve as investors position themselves for the FY-2024 earnings season and possible corporate action…