15/8/2017/Reuters Nigerian stocks fell on Tuesday to a near two-week low, dragged down by losses in banking, cement and fast moving consumer good sectors, as some investors took profits from previous gains in the market, traders said. The main share index declined 2.25 percent to 37,096 points, bringing it down […]
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GTBank First Glance: Despite 52.85 y/y Decline in NIR, EPS Rose 13.73% y/y in H1-2017
August 16, 2017/Cordros Research Guaranty Trust Bank Plc (GUARANTY) this afternoon released H1-2017 results, wherein gross earnings grew marginally by 2.01% y/y, supported by a surge in interest income (+51.11% y/y), which more than offset the significant decline in non-interest income (-52.85% y/y). In addition, the lower credit loss provisioning […]
Nigerian Stocks Shed 2.25%, Dragged by Sell-off on Tickers across Sectors
August 15, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 15th August 2017 EQUITIES: Another day of bearish close as the All Share Index shed -2.25% dragged by sell-off on tickers across sectors. The index YTD return now stands at +38.04% while market capitalization shrank to c.N13.08trillion. Sell pressure […]
