Culled—Proshare November 10, 2016/CardinalStone Research FBN Holding Plc. (Revised TP: N3.21, Rating: Hold) held its conference call on the 26th of October, 2016. Please see below the group’s 9M’16 performance update and key highlights from the call. NPLs – still a big concern FBNH impairment charges have been rising rapidly […]
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SIAML Pension ETF 40 Launches N1.0 Billion IPO
By InvestAdvocate Lagos (INVESTADVOCATE)-The SIAML Pension ETF 40 with the initial offer size of N1 billion is an Exchange Traded Fund which aims to replicate as closely as possible, the total return of The NSE Pension Index (i.e. an index which tracks the top 40 companies on The NSE in […]
NSE Halts 6-Day Losing Streak on Renewed Interest in Banking Stocks
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday halted a 6-day losing streak with the all-share index (ASI) advancing by 0.18 percent to close at 26,221.75 points; driven by renewed interest in banking stocks. “Following today’s gain, the Month-to-Date (-3.67 percent) and Year-to-Date (-8.73 percent) returns […]
