February 21, 2018/InvestmentOne Report The Nigerian equities market closed somewhat flat today as ASI gained +0.02%. However, market breadth index ended negative with 30 decliners against 21 gainers. JAPAULOIL (+5.71%) was the top gainer while CONOIL (-9.58%) had the worst performance. The most actively traded stock was CUSTODIAN with c.94million […]
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Nigerian Breweries Q4 2017 Results Review – Maintaining Underperform Rating
Culled—-Proshare February 21, 2018/FBNQuest Research Cuts to our 2018-19E EPS forecasts and price target Nigerian Breweries’ (NB) Q4 2017 results came in well behind our forecasts mainly due to negative surprises in sales and gross margin. The negative surprise in sales was largely reflective of a mid-single digit y/y decline […]
Intraday Update: Nigerian Equities up +0.05% on Gains in Consumer Goods Sector
February 21, 2018/InvestmentOne Report ASI as at 12.00pm: +0.05%. Market movers: JAPAULOIL (+5.71%), NASCON (+4.75%), FCMB (-4.98%), STERLNBANK (-4.97%). Sector Performances: Consumer Goods (+0.13%), Banking (-0.04%), Industrial, Oil & Gas. Market activity: In today’s early trade, total volume and total value declined by c. -50% and c. -48% respectively compared […]
