Category Archives: news

MARKET UPDATE – Wednesday, 2 August, 2017

The Nigerian equity market was able to sustain yesterday’s uptrend as the All Share Index (ASI) appreciated by 0.5% to close at 36,905.06 while the market capitalization closed at N12.72 trillion. Transcorp(34.78mn), Fidelity Bank (29.97mn) and FBN Holdings (28.82mn) were the most actively traded stocks. The total volume of stocks traded … Continue reading

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MARKET UPDATE – Tuesday, 1 August, 2017

The Nigerian equity market opened the month of August on a positive note. The All Share Index (ASI) was up by 2.45% to close at 36,720.62 while the market capitalization closed at N12.66 trillion. Dangote Cement(417.63mn), FBN Holdings (61.01mn) and Access Bank (39.86mn) were the most actively traded stocks. The total volume … Continue reading

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EARNINGS ALERT -Tuesday, August 1, 2017

FORTE OIL PLC released its unaudited Q2 2017 results with EPS of N1.05. Please find attached the full result of FORTE OIL PLC as released on the NSE and see key highlights below: Revenue declined by 22.24% to N65.65bn in Q2 2017 from N84.42bn in Q2 2016. Cost of sales also decreased by … Continue reading

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MARKET UPDATE – Monday, 31 July, 2017

The Nigerian equity market was down after 17th straight days of closing higher. The All Share Index (ASI) was down by 2.77% to close at 35,844.77 while the market capitalization closed at N12.35 trillion. FCMB (127.61mn), FBN Holdings (58.35mn) and Transcorp (49.70mn) were the most actively traded stocks. The total volume of stocks … Continue reading

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EARNINGS ALERT – Monday, July 31, 2017

TOTAL NIGERIA PLC recently released its unaudited Q2 2017 results with EPS of N13.57. Please find attached the full result of TOTAL NIGERIA PLC as released on the NSE and see key highlights below: The company achieved a revenue of N152.97bn in Q2 2017 from N145.48bn in Q2 2016. Cost … Continue reading

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EARNINGS ALERT – Monday, July 31, 2017

DANGOTE SUGAR REFINERY PLC recently released its unaudited Q2 2017 results with EPS of N2.85. Please find attached the full result of DANGOTE SUGAR REFINERY PLC as released on the NSE and see key highlights below: Revenue grew by 68.53% to N118.76bn from N70.471bn. Cost of sales was … Continue reading

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EARNINGS ALERT -Monday, July 31, 2017

NASCON ALLIED INDUSTRIES PLC released its unaudited Q2 2017 results with EPS of N1.48. Please find attached the full result of NASCON ALLIED INDUSTRIES PLC as released on the NSE and see key highlights below: The company achieved a revenue of N12.72bn in Q2 2017 from N8.59bn in Q2 2016. … Continue reading

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DAILY MARKET UPDATE – Wednesday, 26 July, 2017

The  Nigerian equity market closed higher for the 15th consecutive trading seession. The All Share Index (ASI) was up by 3.4% to close at 36,740.77 while the market capitalization closed at N12.66 trillion. FBN Holdings (42.76mn), UBA (33.94mn) and Zenith Bank (33.29mn) were the most actively traded stocks. The total … Continue reading

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EARNINGS ALERT – Wednesday, 26 July, 2017

CHEMICAL AND ALLIED PRODUCTS PLC released its unaudited Q2, 2017 results with EPS of N1.00 .Please find attached the full result of CHEMICAL AND ALLIED PRODUCTS PLC as released on the NSE and see key highlights below: Revenue was up marginally by 0.29% to … Continue reading

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EARNINGS ALERT – Tuesday, 25 July, 2017

TRANSCORP PLC released its unaudited Q2, 2017 results with EPS of N0.038 .Please find attached the full result of TRANSCORP PLC as released on the NSE and see key highlights below: Revenue up by 37.91% to N34.17bn in Q2 2017 from N24.78bn in 2016. Similarly, Cost of sales was … Continue reading

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