September 4, 2020/Cordros Report The Nigerian bourse recorded a higher level of activity this week from both local and foreign investors, as positive earnings releases from the tier I banks and bargain buying across some bellwethers drove the market to its largest gain in almost a month. Specifically, interest in […]
Investors Bite
NSE-ASI Sustains Uptrend, Gains +0.20% Boosted by Banking Consumer Counters
September 3, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.20% to close at 25,511.02pts. In today’s trade, the market breadth index was positive with 19 gainers against 6 losers. UAC-PROP (+8.33%) led the gainer’s chart today, while NEIMETH (-6.50%) was the top loser. TRANSCORP (-1.69%) was the most actively traded stock with about 71million units of shares worth about […]
GUINNESS FY-2019/20 Audited Result: 2020 clean up, to buoy forward earnings?
September 3, 2020/United Capital Report According to the latest financial result by Guinness Nigeria Plc (GUINNESS) for FY-2019/20 that ended in June-2020, Revenue sharply declined by 20.6% y/y to N104.4bn as tighter credit terms as well as restrictions in movement and social gatherings in Q2-2020 (April-June) worsened the company’s ability […]
