By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian stocks on Thursday reversed the rebound of the previous session, with the all-share index (ASI) falling by 0.10 percent to close at 25,490.70 points. “Thursday’s negative close increased the Month-to-Date (-6.35 percent) and Year-to-Date (-11.36 percent) losses,” according to Cordros daily market update. The report says […]
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South Africa leaves key rate steady, warns of risks to inflation
November 24, 2016/Reuters South Africa’s central bank kept its benchmark repo rate unchanged at 7 percent on Thursday in line with market consensus, but warned that risks to the inflationary outlook had increased. Delivering the last scheduled rate decision for the year, the central bank Governor Lesetja Kganyago said food […]
Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
