July 20, 2018 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed the last trading session of the week in green, gaining 0.37 percent. However, the all-share index (ASI) shed 2.11 percent Week-to-Date (WTD). “Nonetheless, market breadth index was negative with 22 gainers against 27 stocks that […]
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NSE Says Suspension Lifted on Trading in the Shares of ROYALEX
July 20, 2018/NSE We refer our Market Bulletin dated 5 July 2018 notifying the public of the suspension of eight (8) listed companies for non-compliance with Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (”Default Filing Rules”), which provides that;”If […]
DANGCEM Q2 2018 Results: PAT Came In Behind Estimate By c.37%
Culled—Proshare July 20, 2018/FBNQuest Capital Research Event: Dangote Cement reports weaker-than-expected Q2 2018 results. Implications: On an annualised basis, Q2 sales and PBT came in slightly behind consensus estimates of N965bn and N371bn respectively. As such, we anticipate moderate downward adjustments to consensus 2018E PBT forecast. However, we expect a […]
