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Investors Cautious as Cheap Stocks Flood NGX
The Business NG
|The BusinessNG
At least fifteen Nigerian companies across banking, insurance, industrials, and real estate are currently trading below their book value, sparking debate among investors over whether these stocks represent hidden bargains or dangerous traps.
Data from market trackers show the firms, including Zenith Bank, UBA, Access Holdings, FirstHoldCo, Ecobank Transnational (ETI), FCMB, Julius Berger, C&l Leasing, UPDC REIT, John Holt, Regency Alliance Insurance, Aso Savings, Briclinks Africa Plc, Linkage Assurance, and Smart Products Nigeria, trade at an average price-to-book (P/B) ratio of 0.60.
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