October 18, 2017/InvestmentOne Research ASI as at 12.00pm: -0.01% Market movers: ZENITHBANK (-0.25%), UBA (-0.10%), GLAXOSMITH (+1.10%), PRESCO (+0.50%) Sector Performances: Banking (-0.07), Consumer Goods (+0.05%), Oil & Gas, Industrial Market activity: Turnover is higher in terms of volume investors exchanged c.63m units of shares, while value terms it dropped […]
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Invest in FGN Monthly Bond Auction – October 2017
Culled–Proshare 18/10/2017/DMO The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for N50,000,000,000 – 14.50% FGN JUL 2021 (5-Year Re-opening)* N50,000,000,000 – 16.2884% FGN MAR 2027 (10-Year […]
UBA Plc – Mixed Q3 Results; Retaining Neutral Rating
Culled—Proshare October 18, 2017/FBNQuest Research 6% Cut to Our Earnings Estimates and Price Target UBA’s Q3 2017 PBT came in weaker than expected, mainly because of a negative surprise in opex (c. 11% higher than our forecast). To a lesser extent, subdued funding income (c. 5% lower than our estimate) […]
