Investors Bite

AshakaCem Scheme of Arrangement with Their Shareholders

Culled—Proshare October 17, 2017/APT Securities Please be informed that Court-ordered meeting of AshakaCem Plc will be held at the Sheraton Hotel, 1 Ladi Kwali Way, Wuse Zone 4, Abuja on Monday, October 23, 2017. As a holder of AshakaCem share, you are expected to attend and vote at the general […]

Nigerian bourse Bucks Three-Day Consecutive Gains on Profit-Taking Across Sectors

October 17, 2017/Cordros Research EQUITIES The domestic bourse bucked the three consecutive days of gains, with the ASI depreciating by 0.82% to 36,669.61 points, following profit taking across sectors. The Month-to-Date and Year-to-Date returns moderated to 3.47% and 36.45%, respectively. Performance across the sectors was negative, led by the Industrial […]

UBA Plc – Weighed By Expensive Funding

Culled—Proshare October 17, 2017/ARM Research As market watchers say, late Friday is the best time to release bad earnings while early Monday is the perfect timing for an impressive result. With this in mind, UBA’s early release on Monday was initially greeted with optimism, with a more critical assessment of […]