October 24, 2017/Cordros Research EQUITIES The equities market halted the two consecutive sessions of loss, appreciating by 0.33% to 36,531.62 points, following bargain hunting. Accordingly, the Month-to-Date and Year-to-Date returns improved to 3.08% and 35.93% respectively. The Consumer Goods (+1.22%) and Banking (+0.58%) indices recorded gains, as investors demanded for […]
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Nigerian Equities Market Wrap 24 October 2017 – ASI closes positive at +0.33%
October 24, 2017/InvestmentOne Research The Nigerian equities market advanced +0.33% today. Market breadth index closed positive today reversing the previous downtrends as 24 stocks gained against 15 stocks that declined. The best performing stock was NASCON (+10.23%) while CILEASING (-5.00%) was the top loser. UBA (+1.11%) topped the […]
Dangote Cement Plc – Don’t Lose Much Sleep Over 2018
Culled—-Proshare October 24, 2017/ARM Research Over the last 10 months, Dangote Cement Plc. (DANGCEM) has steadily raised prices to support revenue at the expense of marked volume weakness with analysts, almost unanimously, making the call for substantial price pass-through to earnings in the current year. For us, this call has […]
