Culled—Proshare October 6, 2016/FBNQuest Research Macro headwinds impeding growth Nigerian brewers have had a challenging H1 2016 (end-June). Although we estimate that the sector’s unit volume grew by mid-single digits y/y over this period, most of the growth was driven by the value segment. For the mainstream category, beer consumption […]
Investors Bite
NSE Dragged by Selloffs in Financial, Oil & Gas Stocks
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchanged (NSE) has posted a 1.15 percent loss in two days as the all-share index (ASI) at the close of Wednesday’s session fell by 0.95 percent to close at 28,009.40 points. “Today’s performance increased the Year-to-Date loss to 2.21 percent,” according to Cordros daily […]
Wall Street boosted by financial, energy stocks
October 5, 2016/Reuters By Yashaswini Swamynathan Wall Street rose for the first time in three days on Wednesday, powered by gains in financial and energy shares. Activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous […]
