In Your Interest
Culled—Proshare 24/10/2017/NSE Following the directive by the Securities and Exchange Commission of Nigeria, that the Nigeria Stock Exchange should effect a full/technical suspension on the trading of the shares of Oando; the company has obtained an ex-parte order from the Federal High Court. The Federal High Court Injunction is to […]
October 24, 2017/FBNQuest Research 6% cut to our EPS forecast and price target Dangote Cement’s (DangCem) Q3 2017 PBT missed our forecast by around 28%, due to negative surprises in gross margin and opex. To a lesser extent, a slight 2% underperformance relative to our sales forecast, resulting from weaker […]
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 […]