November 28, 2017/InvestmentOne Report ASI as at 12.00pm: -0.02% Market movers: LINKASSURE (-4.92%), STERLNBANK (-2.00%), ETERNA (+4.99%), NAHCO (+4.89%). Sector Performances: Consumer Goods (-0.08%), Banking (+0.02%), Industrial, Oil & Gas. Market activity: Activity levels declined, as investors have exchanged a total volume of c.746m units of shares worth c.N902m compared to […]
Investors Bite
FCMB Group Plc: Earnings Miss But Investment in Legacy Provides Optimism
Culled–Proshare November 27, 2017/Vetiva Research · PAT declines 58% y/y – 19% below our estimate · Lower FX income offsets benefit of moderating loan loss provision · Funding cost bites further – Interest Expense up 16% y/y Earnings miss estimates despite q/q growth FCMB released its 9M’17 result, reporting weaker […]
Nigerian Stocks Shed 0.31% as Investors Took Profit from Last Weeks Gains
November 27, 2017/InvestmentOne Report The equities market opened the week on a bearish note as the NSE-ASI lost -0.31% in today’s trading session. LAWUNION (+4.92%) was the top gainer, while AIRSERVICE (-4.88%) had the worst performance. Market breadth index closed positive as 18 stocks gained against 24 stocks that […]
