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 […]
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ZENITHBANK: Upward Revision to 2017F Estimates; PAT and PBT to Grow y/y by 28.39% and 30.36%
October 31, 2017/Cordros Research In its recently released Q3-17 results, ZENITHBANK reported 35.19% q/q and 8.89% y/y decline in gross earnings, following higher-than-expected contraction in interest income (-30.96% q/q and +4.54% y/y, 28.87% below our estimate) and a steep decline in non-interest revenue (42.07% q/q and 16.29% y/y, ahead of […]
Intraday Update: NSEASI Heads South on Massive Sell-Offs Across Major Counters
October 31, 2017/InvestmentOne Research ASI as at 12.00pm: -0.71% Market movers: INTBREW (-9.55%), FIDELITY (-6.17%), ETERNA (+5.28%), NEM (+4.84%) Sector Performances: Banking (-0.81%), Consumer Goods (-0.65%), Oil & Gas (-0.27%), Insurance (+1.27%), Industrial Market activity: Market turnover inched up today compared to this time yesterday, as investors exchanged c.103m […]
