March 3, 2016/Cordros Research The domestic bourse delivered a rebound (+2.74% m/m) from January’s 16.50% disappointing loss. The gain was spurred majorly by bargain hunting, amid dividend and earnings expectation ahead of FY’15 earnings releases. The market’s positive performance came despite persistent pressure on the price of oil – and […]
Tag: Nigerian Equities Market
Bulls Sustain Hold on NSE, ASI Rise 2.25% on Dangote Cement Rally
By InvestAdvocate Lagos (INVESTADVOCATE)-The bulls on Wednesday sustained its hold on the Nigerian equities market as the all-share index (ASI) climbed up by 2.25 percent to close at 25,396.83 basis points, while market capitalisation expanded by N191.53 billion to N8.74 trillion. Cordros daily market update reported that this is coming […]
Dangote Cement Says PAT up 13.7%, Offers Investors N8.00 per Share dividend in 2015 End
By InvestAdvocate Lagos (INVESTADVOCATE)-Most capitalised company on the Nigerian bourse and cement producer, Dangote Cement Plc said on Tuesday its profit after tax (PAT) for the period ended December 31, 2015 climbed up 13.7 percent to N181.3 billion from N159.5 billion recorded a year ago. Similarly, profit before tax (PBT) […]
