November 9, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 9th November 2017 EQUITIES: The equities market closed negative today, as the declines in bellwether stocks; DANGCEM (-98pts), ZENITHBANK (-44pts) and NB (-20pts), more than offset the gains in INTBREW (+36pts), GUARANTY (+34pts) and MOBIL (+13pts). Consequently, the […]
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Equities Reverses Gains, Driven by DANGCEM, ZENITHBANK
November 9, 2017/InvestmentOne Research The equities market reversed previous gains as market closed negative today, declining by -0.24%. CAVERTON (+9.46%) was the market’s best performer while LAWUNION (-4.62%) topped the losers’ chart. However, market breadth index closed somewhat flat as 21 stocks gained against 22 stocks that declined. GUARANTY (+0.95%) […]
Upward Revision to Estimates on Strong 9M-17 Results
November 9, 2017/Cordros Research We revise forecasts for CCNN following impressive 9M-17 results, and roll forward estimates and valuation to 2018. On net, we raise our TP for the stock by 28% to NGN9.52/share and upgrade rating to HOLD. The revision to our estimates was driven by improved EBITDA and […]
