August 31, 2018/Cordros Report Update: Today, PZ released Q4-18 and 2018FY results, with the Board proposing NGN0.15/share dividend on 2018FY net profit of NGN1.93 billion (-48% vs. 2017FY; Cordros estimate: -44%). Q4-18 rounds off a disappointing year: In the three months to May 2018, reported net profit was lower by […]
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Stocks Close Red -1.63% Week-on-Week, Driven by Selloffs
August 31, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed the last trading session of the week in red, as all-share index (ASI) shed 0.68 percent, plunging the week-to-date (WTD) performance by 1.63 percent. InvestmentOne report says market breadth index was negative with 18 gainers […]
The Day After CBN Fines – DIAMONDBNK, STANBIC and MTN Share Prices Drop
Culled—Proshare August 31, 2018/Proshare Markets At the close of trading yesterday, the shares of MTN Group trading on the Johannesburg Stock Exchange dropped by -19.41%. Of the Four banks fined by the CBN, two (2) are listed entities on the floor of the Nigerian Stock Exchange. They equally recorded a […]
