By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-In spite of the positive momentum in Thursday’s early trades, the Nigerian bourse closed lower for the second day in a row as the Nigerian Stock Exchange (NSE) all-share index (ASI) shed 0.66 percent to settle at 27,044.36 points, with corresponding market capitalisation of N9.28 […]
Investors Bite
Dangote Cement Plc: Revision to Estimates
November 3, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]
Zenith Bank Plc – Peak of the Pack?
Culled—Proshare November 3, 2016/GTI Research Investment Highlight 9M -2016: Gross Earnings up 12.9%, net income by 20.44%, boosted by FX revaluation gains Zenith Bank (‘’The Company’’) released its interim 9M -2016 result for the period ended September, 30 2016 on 24th October 2016. The Company reported a 12.9% rise in […]
