May 7, 2019 By Paschal IJEH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed the second trading day of the week in red as the all-share index (ASI) lost 0.34 percent to close at 29,096.41 points on Losses across sectors. InvestmentOne reports that market breadth index was negative with […]
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Nestle Nigeria Q1 2019 Results Review: Neutral Rating Maintained
Culled—Proshare May 7, 2019/FBNQuest Research PT up 5% following upward adjustments to EPS ests Nestle Nigeria’s (Nestle) Q1 2019 earnings grew by 49% y/y to N12.9bn, beating our estimate by c.16%. The improved profitability was driven by a positive surprise on the gross margin line which expanded by +616bps y/y […]
SEC Obtains Final Judgment Against Former Broker for Defrauding Customers
May 6, 2019/US SEC On May 3, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s complaint, filed in the […]
