March 26, 2018/InvestmentOne Report The Nigerian equities market ended the first trading session of the week in the red, losing 0.04% However, market breadth index was positive with 34 stocks gaining against 17 stocks that declined. CUSTODIAN (+10.00%) had the best performance today while FO (-9.09%) was the top loser. […]
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Intraday Update: NSE Benchmark Index Up +0.22% on Buy Interest in Banking Counters
March 26, 2018/InvestmentOne Update ASI as at 12.00pm: +0.22%. Market movers: GLAXOSMITH (+10.00%), FIDSON (+9.49%), FO (-9.09%), HMARKINS (-6.25%). Sector Performances: Banking (+0.73%), Oil & Gas (-1.29%), Consumer Goods (-0.27%), Industrial. Market activity: In todayâs early trade, total volume and value increased by c. 25% and c. 23% respectively compared […]
Flour Mills of Nigeria Plc: Earnings outlook still strong, even as new shares shrink TP
March 26, 2018/Cordros Capital Following the conclusion of the NGN38 billion Rights Issue (RI) and our recent discussions with management, we revise our TP and earnings estimates for FLOURMILL. Feedback is that the RI was successful (oversubscribed). On net, we (1) increase the post-rights shares outstanding by 56% to 4.1 […]
