October 31, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 31st October 2017 EQUITIES: The equities market closed positive today driven by the gains in Industrial; DANGCEM (+246pts) and CAP (+3.2pts), Consumer Goods; FLOURMILLS (+11pts) and DANGFLOUR (+6.5pts), as well as Oil and Gas; SEPLAT (+24pts), which more […]
Investors Bite
Okomu Oil Records Weaker-Than-Expected Topline and Margins in Q3 2017
Culled—Proshare October 31, 2017/FBNQuest Research Event: Okomu Oil reports Q3 2017 results Implications: Modest revisions to consensus estimates likely Positives: Limited to net finance cost improving from –N102m in Q3 2016 to a positive income of N65m Negatives: Weaker-than-expected topline and margins Late yesterday, Okomu Oil (Okomu) reported its Q3 […]
Nigerian Stocks Close in Green on Improved Investors Sentiment
October 31, 2017/InvestmentOne Research The Nigerian equities market closed positive today, gaining +0.54% FIDSON (+5.00%) was the market’s best performer while FIDELITY (-6.17%) was the worst performer. However, market breadth index closed negative as 27 stocks declined against 24 stocks that gained. DIAMONDBANK (-0.98%) led the market in terms […]
