March 19, 2018/Vanguard By Peter Egwuatu MORISON Industries Plc has recorded over-subscription of 1.12 million shares in its Right Issue following the shares’ allotment result released last week. Consequently, the company successfully raised N502.2 million in new equity funds, thus providing it with the much needed boost to reposition its […]
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NASD USI Loses 0.29% ;Volume of Shares traded increase 300% wow
Culled—Proshare March 16, 2018/NASD Plc The NASD OTC Market ends the week in red, as the NASD USI decreased by 0.29%, closing at 661.30 points (as against 663.22 points last Friday). Consequently, total market capitalisation shed 0.29% this week, closing lower at N447.52 billion compared to N448.82 billion last Friday. Trade Summary NASD OTC Securities Exchange currently trades Equity and Bonds. Of the […]
Total Nigeria Plc – Policy Shift Key to Full Recovery
Culled—Proshare March 16, 2018/CardinalStone Research Following the release of TOTAL’s FY’17 results, we have reviewed our projections and revised our target price downwards to N232.17. Our target price implies a downside potential of 5.6% to the current market price. Thus, we downgrade our rating to a SELL. Lubricant business buoys […]
