By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday extended losses, with the all-share index (ASI) dragged by a heavy loss in the Industrial Goods counter falling by 0.50 percent to close at 25,857.06 points. “On the back of today’s loss, the Month-to-Date (-5.01 percent) and Year-to-Date (-10.04 percent) returns […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Monday sustained its hold on the Nigerian Stock Exchange (NSE), as the all-share index (ASI) declined by 0.70 percent to close at 25,986.81 points. “Following today’s negative proceedings, the Month-to-Date (-4.53 percent) and Year-to-Date (-9.57 percent) returns declined further,” according to Cordros […]

November 11, 2016/Cordros Research We upgrade recommendation on DANGSUGAR to BUY (previously HOLD), with 2017 TP of N8.31. The company’s dominance in the sugar industry — more so considering that unofficial imports have been significantly constrained by FX scarcity — has allowed management to boldly respond to cost pressures via […]