Browsing: Nigerian Stock Exchange
GSK: Analysts Upgrade Stock as Earnings Swing Despite Revenues Drop. GlaxoSmithKline Consumer Nigeria Plc (GSK) topline came weak, though the pharmaceutical company’s profit improves in the first quarter of 2020.
Staggering Demand for BUA Cement Bolsters Q1 2020 Earnings. BUA Cement Plc bolstered earnings performance on the back of 20% year on year growth in volumes, from 1.1 metric tons (MT) to 1.3 MT.
MTN Nigeria Completes ₦100 billion Working Capital Raise. MTN Nigeria Communications (MTNN) Plc on Tuesday
FIDSON: Analysts Upgrade Estimates on Solid Earnings Performance. Analysts at Meristem stated that following the upward price review of its products in the fourth quarter (Q4) of 2018, FIDSON recorded low patronage throughout the 2019 financial year.
AXA Mansard: Analysts Bullish on Earnings, Upgrade Price Target. AXA Mansard Plc have been trading flat since first day in June on the floor of the Nigerian Stock Exchange. At the close of trading session yesterday, it share price was ₦1.85.
Analysts Downgrade Dangote Sugar to Hold, Cite Pressure on Margin. In the first quarter (Q1) of 2020, Dangote Sugar Refinery Plc (DANGSUGAR) recorded an improved sales across regions. At the current price of ₦15 to a share, DANGSUGAR’s market capitalisation, the amount investors placed ₦180 billion on the company yesterday.
AIICO Insurance: Analysts Estimates 83% Surge in Stock Price. Analysts at Meristem Securities Limited have advised investors to buy AIICO Insurance Plc stock to reap more than 83% upside. AIICO current capital position of ₦19.24 billion places the insurer comfortably above the regulator’s ₦18.00 billion recapitalization threshold required of composite businesses.
Dangote Cement: Resilient Q1 earnings in ‘virus infected’ economy. Analysts at WSTC Securities Limited downgrade Dangote Cement Plc to hold, cite weak earnings outlook in financial year 2020.
NSE drifts south on account of profit taking in banking stocks. The Nigerian Stock Exchange halted successive bullish trend on Thursday on account of profit taking in banking stocks.
The bulls tightened their grip on the Nigerian Stock Exchange, pushing it to positive territory on all trading days last week. It was a full week of bullish performance. Then, Unilever stock emerged as the best performing stock, gained 33.86% to close at ₦17.