By InvestAdvocate Lagos (INVESTADVOCATE)-The Bulls on Friday sustained its hold on the Nigerian equities market for the second consecutive week, with the benchmark index closing 1.39 percent Week-on-Week (w/w) higher at 28,247.07 and N9.703 trillion respectively. “Similarly, all other Indices finished higher during the week, with the exception of the […]
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Guinness Nigeria Plc – Uphill Battle for Brewer
Culled—Proshare September 22, 2016/Vetiva Research Volume shock cuts FY’16 sales to lowest since 2008 · ₦3.5 billion FX loss undercut earnings · Reports ₦2 billion LAT in FY’16 · Bleak outlook, forecasts revised, shares rated SELL Revenue slump amidst volume rout, lower price mix In line with guidance from […]
NSE Halts 2-Day Gains on Selloffs across Major Counters
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday halted a two-day consecutive gain on selloffs across major counters. This was mainly the result of late selloffs in the shares of Nigeria’s most capitalised company and cement producer, Dangote Cement Plc dropping 148.84 points as the […]
