Investors Bite

WASRA to Converge Rules to Boost Cross Border Listing

May 7, 2018/SEC The West African Securities Regulatory Authorities (WASRA) has agreed to converge existing rules of Capital Market regulatory agencies within the region in a bid to ensure that cross border listing is carried out with little or no hindrances. This is to allow foreign companies carry out their businesses […]

Nigerian Equities Market Opens Week Down, on Sell-Offs in Banking, Consumer Goods Counters

May 7, 2018/InverstmentOne Report The Nigerian equities market closed the first trading session of the week in the red, losing 0.11% However, market breadth index was positive with 21 gainers against 18 stocks that declined. ETERNA (+9.76%) led the gainers chart while BERGER (-5.26%) was the worst performing stock today. […]

PRESCO Reports Q1 2018 Results – Neutral to Negative Reaction by the Market Expected

Culled—Proshare May 4, 2018/FBNQuest Research Event: Presco reports Q1 2018 results Implications: Neutral-to-negative reaction by market expected Positives: No obvious positives Negatives: PBT and PAT declined by -33% y/y on average Late yesterday, Presco published its Q1 2018 results which showed that sales declined by -8% y/y to N6.6bn. In […]