In Your Interest
October 18, 2017/Cordros Research This afternoon, Guaranty Trust Bank Plc (GUARANTY) published Q3-2017 result wherein gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates […]
October 18, 2017/Cordros Research EQUITIES The equities market closed negative, with the ASI depreciating further by 0.08% to 36,641.52 points, as investors took profit on previous gains. The Month-to-Date and Year-to-Date returns moderated to 3.39% and 36.34%, respectively. The Oil & Gas (-0.45%), Insurance (-0.29%), and Banking (-0.18%) indices posted […]
October 18, 2017/NSE The Exchange has received the Securities and Exchange Commission’s approval to the Rules set out below: S/No. Approved Rule Approval Date 1 Amendments to Dealing Members’ Rules (Part XIIIA) – Block Divestments and Large Volume Trades 16 October 2017 2 Amendments to Issuers’ Rules – Deletion of Chapter […]