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 […]
Investors Bite
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 […]
NSE Delists Six Stocks
Culled—Proshare December 1, 2016/NSE Please note that the under listed stocks have been delisted from the official list of the Nigeria Stock Exchange effective today 1st December, 2016. Sequel to the approval of the Quotation Committee of the National council of the Stock Exchange. The delisting is due mainly to […]
