March 12, 2018/Cordros Update EQUITIES The equities market started the week on a negative note, as the ASI closed lower by 0.26% to 43,056.51 points –as investors booked profit in banking stocks. Accordingly, the Month-to-Date loss increased to 0.63% while the Year-to-Date gain moderated to 12.59%. Among the sectors, the […]
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Zenith Bank Plc Reports Q4 2017 Results – Q4 Provisions Spiked by 388% YoY
Culled—Proshare March 12, 2018/FBNQuest Research Event: Zenith Bank reports Q4 2017 results Implications: Positive reaction by the market likely; likely upward revision to consensus forecasts Positives: Q4 PBT up 27% y/y Negatives: Q4 provisions spiked by 388% y/y This afternoon, Zenith Bank (Zenith) published its Q4 2017 results which showed that […]
Nigerian Equities Market Opens Week Down -0.26% on Sell-Offs in Banking, Consumer Goods Counters
March 12, 2018/InvestmentOne Report The Nigerian equities market closed the first trading session of the week in the red, losing 0.26% Also, market breadth index ended negative with 34 decliners against 19 gainers. UNIC (+9.52%) was the best performing stock in today’s trading session while REGALINS (-5.71%) was the top […]
