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Bond Yields decline on Renewed Demand from Domestic Market Players

Culled—Proshare November 17, 2017/@ZedcrestCapital The Bond Market The bond market ended the week on a bullish note, with renewed demand from local market players taking yields lower by 5bps across… Read more »

Nigerian Equities Reverses Last Week Gains, Sheds 1.12% Week-on-Week

By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday reversed last week’s gain as the Nigerian Stock Exchange all-share index (NSEASI) and market capitalisation shed 1.12 percent and… Read more »

NSEASI Closes Friday in Green, Driven by Investors’ Appetite for Consumer Goods Stocks.

November 17, 2017/InvestmentOne Research The NSE-ASI gained +0.19% in today’s trading session, but lost -1.12% WTD.  CILEASING (+9.09%) topped the gainers’ chart, while UACN (-8.99%) was the worst performer.  … Read more »

Tranex Lists 270.03 Million Shares at 0.08 Kobo per Share

  November 17, 2017/NSE Dealing Members are hereby notified that 270,027,370 Ordinary Shares of Trans Nationwide Express Plc (“Tranex” or “the Company”) were today, 16 November 2017 listed on the… Read more »

Unilever Nigeria Lists 1.96 Billion Additional Shares at N30 per Share

November 17, 2017/NSE Dealing Members are hereby notified that 1,961,709,167 ordinary shares of Unilever Nigeria Plc (“Unilever” or “the Company”) were today, 16 November 2017 listed on the Daily Official… Read more »

Intraday Update: NSEASI Heads North on Buy Interest in Consumer Goods Stocks

November 17, 2017/InvestmentOne Research ASI as at 12.00pm: +0.06%  Market movers: CILEASING (+6.82%), PZ (+5.00%), UPL (-4.89%), NPFMCRFBK (-4.44%)  Sector Performances: Consumer Goods (+0.34%), Banking (-0.08%), Insurance (-0.32%), Oil &… Read more »

Nigerian Equities Market Halts Two-Day Bearish Run on Bargain Hunting in Banking Counters

November 16, 2017/Cordros Report EQUITIES The equities market halted two consecutive days of profit taking, with the ASI appreciating by 0.05% to 36,634.89 points, following bargain hunting in the Banking… Read more »

SEC Invites Directors, Officers of Quantum Securities for All Parties Meeting With SEC

November 16, 2017/SEC The following Directors and Officers of Quantum Securities Limited are hereby invited for an All Parties Meeting:  1.       Chief Barr. Joe Arausi -Chairman 2.      Dr. Andrew Elueni… Read more »

Capital Market Operators urged to adapt to new business environment-SEC DG

November 16, 2017/SEC The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory… Read more »

Dangote Sugar: Rating Upgraded to BUY on Upward Revision to 2018-2019F Estimates

November 18, 2017/Cordros Report Despite cuts to sales estimates, we raise DANGSUGAR’s 2017F EBITDA and net profit by 50% each, and for 2018-2019F by 55% and 56% respectively. The upward… Read more »