Category Archives: News

MARKET UPDATE – Wednesday, 31 October, 2018

The Nigerian equities market dipped further to close lower. The All Share Index (ASI) declined by 2.12% to close at 32,466.27 while the market capitalization closed at N11.853 trillion. 15 stocks closed higher, 30 declined while 50 remained unchanged. GT Bank (43.56mn), Zenith Bank … Continue reading

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OANDO PLC Q3 2018 RESULTS

OANDO Declares a N10.93bn PAT IN Q3 2018 RESULTS Revenue for the period was N505.1 billion, an increase of 32% in Q3:2017 (N383.5 billion). This was primarily driven by an increase in commodity prices. Gross Profit for the first nine … Continue reading

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EARNINGS ALERT -Tuesday, October 30, 2018

11 PLC recently released its unaudited Q3 2018 results with EPS of N21.8. Please find attached the full result of 11 PLC as released on the NSE and see key highlights below: Revenue increased to N125.04bn in Q3 2018 from N88.25bn in Q3 2017. Cost of sales increased by 44.48% to N112.26bn just as the … Continue reading

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MARKET UPDATE – Monday, 8 October, 2018

Equities market opens the week positive as NSE ASI inches up by 0.19%.  The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization appreciated by 0.19% from previous trading day. The All Share Index closed at 32,444.96 points … Continue reading

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MARKET UPDATE – Friday, 5 October, 2018

The Nigerian equities market extended its downward trend to the fourth day in the week as the All Share Index (ASI) declined by 0.12% to close at 32,383.15 while the market capitalization closed at N11.822 trillion. 21 stocks closed higher, 15 declined while 74 … Continue reading

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MARKET UPDATE – Thursday, 4 October, 2018

The Nigerian equities market traded lower for the third consecutive day. The All Share Index (ASI) declined marginally by 0.09% to close at 32,423.57 while the market capitalization closed at N11.837 trillion. 19 stocks closed higher, 18 declined while 67 remained unchanged. FCMB (28.92mn), Fidelity … Continue reading

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MARKET UPDATE: Wednesday, 3 October, 2018

Sell Pressure Persists as NSEASI dips further by -0.79%  The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization depreciated by 0.79% from the previous day. The All Share Index closed for the week at 32,454.03 points while … Continue reading

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MARKET UPDATE – Friday, 28 September, 2018

The Nigerian equities market closed marginally higher as the market closed trading for the month of September. The All Share Index (ASI) declined by 0.01% to close at 32,766.37 while the market capitalization closed at N11.96 trillion. 22 stocks closed higher, 22 declined while 65 … Continue reading

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FIDELITY BANK GROWS AFTER TAX PROFIT BY 31% IN H1 2018 RESULTS

Fidelity Bank Plc’s gross earnings rose by 3.6% from N85.8bn to N88.9bn. It’s profit before tax rose by 27.3% from N10.2bn in the second quarter of 2017 to N13bn in the corresponding period of 2018 The bank’s profit after tax … Continue reading

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MARKET UPDATE – Thursday, 27 September, 2018

The Nigerian equities market declined further as market witnessed selling pressure. The All Share Index (ASI) declined by 0.61% to close at 32,763.35 while the market capitalization closed at N11.96 trillion. 13 stocks closed higher, 21 declined while 63 remained unchanged. Fidelity Bank (23.30mn), … Continue reading

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