Culled—Proshare March 14, 2018/FBNQuest Research Event: Stanbic IBTC Holdings (Stanbic) reports Q4 2017 results Implications: Limited reaction from the market likely Positives: Strong growth in non-interest income, +63% y/y Negatives: Proposed final dividend of 50kobo below expectations; opex +38% y/y Stanbic’s Q4 2017 results which were released this afternoon show that PBT […]
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GTBank Reports Q4 2017 Results – Funding Income Declined by 9% YoY
Culled—Proshare March 14, 2018/FBNQuest Research Event: GT Bank reports Q4 2017 results Implications: Slight positive reaction once the market has digested the figures properly Positives: PBT grew by 85% y/y, thanks to a 736% y/y growth in non-interest income Negatives: Funding income declined by 9% y/y; we est. NPL ratio […]
Nigerian Stocks Close Red, Shed -0.54% on Sell-Offs Across Sectors
March 14, 2018/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI shed 0.54%. Similarly, market breadth index ended negative with 15 stocks gaining against 42 stocks that declined. CILEASING (+7.78%) had the best performance while LASACO (-9.52%) topped the laggards chart. FIDELITYBK (-4.75%) was the most actively traded […]
