Nigeria's stocks lead global gains as H1 2026 earnings season approaches
Nigeria's equity market delivered the world's best dollar-denominated performance from January to June 2026, driven by strong investor sentiment. As the half-year earnings season begins, analysts at Meristem Securities expect bargain hunting in fundamentally sound stocks that became attractively valued after a recent market pullback. Premium Times highlights five stocks with strong fundamentals: Zenith Bank (NPR 21.8%, PE 4.4x, RSI 41.6), Unilever (NPR 14.8%, PE 21.4x, RSI 14.1), BUA Cement (NPR 36.4%, PE 25.5x, RSI 0), Coronation Insurance (NPR 19.8%, PE 8.1x, RSI 46.2), and UACN (NPR 2.3x, PE 26.2x, RSI 53). These selections are based on analytical screening, not buy/sell/hold recommendations, and investors should consult financial advisors before acting. The positive momentum could continue if H1 2026 results exceed last year's performance, offering potential for reasonable price appreciation over time.