By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday opened the week on a bullish note as the all-share index (ASI) advanced 0.01 percent to close at 25,743.03 points. “Today’s positive performance increased the Month-to-Date gain to 1.84 percent and reduced the Year-to-Date loss to -10.45 percent, according to […]
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Flour Mills of Nigeria Q2 2017 Results Review – Strong Underlying Results; Maintaining OP Rating
Culled—Proshare December 2, 2016/FBNQuest Research Rolling over to 2018E; price target up 19% Although Flour Mills of Nigeria’s (FMN) Q2 2017 (end-Sep) PBT missed our forecast by 12%, the difference was mainly due to a negative surprise of N7.8bn in other operating expense which was driven by fx devaluation. Beyond […]
Equities Rebounds, Close Positive on First Trading Day in December
1/12/2016/Cordros Research Equities index closed positive on the first trading day in December, after a dismal performance in November. The All Share Index advanced by a marginal 0.09% to close at 25,265.08 points. Today’s positive close trimmed the Year-to-Date loss to 12.18%. Three of the five sector indices closed on […]
