By InvestAdvocate Lagos (INVESTADVOCATE)-Sentiments on Tuesday remained downbeat in the Nigerian equities market, with the benchmark index declining by 0.73 percent to close 27,503.81 points. “Today’s downtrend tilted the Month-to-Date (-0.35 percent) return to the red and further pared the Year-to-Date loss to 3.97 percent,” Cordros daily market update affirmed. […]
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NSE Says Total Transaction in July 2016 Drops 42.13% to N90.19 Billion
Sept 6, 2016/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange at the end of July 2016. Table 1: Analysis of Transactions for the […]
FBN Holdings Plc Q2 2016 Earnings Review
Sept 6, 2016/InvestmentOne Research Downgrade to a SELL despite +64.9% increase in PBT forecast on FX gains. Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT, we raised our 2016E PBT forecast by +64.9% to reflect the FX gains on revaluation. The increase in FX gains […]
