By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday halted five-days losing streak on the performance of blue-chip stocks, as the all-share index (ASI) climbed up 0.23 percent to close at 27,751.34 points, while market capitalisation rose by N21.82 billion to N9.53 trillion. “Today’s performance decreased the Month-to-Date […]
Updates
Naira Hits N400/$1 at Parallel Market
By InvestAdvocate Lagos (INVESTADVOCATE)- The naira on Thursday traded flat at the parallel market (black market) at N400 to the greenback compared to N378 traded the previous session, Cordros daily currency market update said. Cordros reports that the local currency in the interbank market had appreciated against one of the […]
International Breweries Plc Records 32% Sales Growth YoY in Q1’17 Results
Culled—-Proshare August 4, 2016/FBNQuest Research Event: International Breweries reports Q1 2017 (end-Jun) results Implications: Downward revisions to consensus estimates expected Positives: Sales of N6.9bn were up 32% y/y Negatives: Pre-tax and post-tax losses of –N1.3bn and –N1.7bn respectively This morning, the NSE published International Breweries’ Q1 2017 (end-Jun) results which […]
