January 10. 2019/InvestmentOne Report • Mixed topline performance: up 20.5% q/q; down 15.2% y/y. • Lower gross profit margin: down 609bps q/q; 563bps y/y. • Lower opex/sales ratio: down 1064bps q/q; 363bps y/y. • A profit before tax of N1.56billion in Q2 2019 against a loss before tax of N204million in Q1 […]
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Nigerian Stocks Down Below 30,000 Points on Losses in Banking, Industrial Counters
January 9, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market closed the third trading session of the week in the red, losing 2.33 percent to -29,336.80 basis points; compared to -1.20 percent loss recorded previously, as Year-to-Date (YTD) returns currently stands at -6.66 percent. InvestmentOne reports that market breadth index was […]
Intraday Update: Nigerian Stocks Down -0.19% on Sell-Offs in Banking Counters
January 9, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) as at midday Wednesday is down 0.19 percent, following sell-offs in Banking names. InvestmentmentOne update reports that market movers as at this time are beer producer, Champion Breweries Plc and insurer, Nem Insurance Plc with a […]
