April 5, 2018/InvestmentOne Report The Nigerian equities market halted its losing streak as NSE-ASI advanced by 0.31%. However, market breadth index was somewhat flat with 21 advancers against 22 stocks that declined. PRESTIGE (+9.30%) topped the gainersâ chart while GLAXOSMITH (-9.61%) had the worst performance. UBA (+1.28%) was the most […]
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FCMB Group Plc: First Glance: Unimpressive FY-17 Performance, Despite Improvement in Q4-17
April 5, 2018/Cordros Capital FCMB Group Plc released its FY-2017 financial statement, showing decline in top and bottom line performance in the full year. Gross Earnings declined by 3.66% to NGN169.88 billion (in line with our expectation), while pre-tax and post-tax profits were lower by 29.47% and 34.38% at NGN11.46 […]
Intraday Update: NSE Benchmark Index Down-0.11% on Sell-Offs in Banking, Consumer Goods Stocks
April 5, 2018/InvestmentOne Update ASI as at 12.00pm: -0.11%. Market movers: GLAXOSMITH (-9.61%), JAIZBANK (-8.11%), FIDELITYBK (+5.84%), LASACO (+5.56%). Sector Performances: Consumer Goods (-0.16%), Banking (-0.08%), Oil & Gas, Industrial. Market activity: In today’s early trade, total volume and value both dropped by about 64% and 41% compared to this […]
