Browsing: Zenith

Investors seeking descent returns are expected to move to stock market…

Investors’ Wealth Declines ₦44.3bn as Profit-taking Continues. The Nigerian equities capitalisation again nosedived ₦44.3 billion Tuesday as profit-taking continues despite better-than-expected earnings releases by Tier-1 banks.

ARM Securities Bullish on Bulge Balance Sheet Banking Stocks. Equity analysts at Asset and Resources Management (ARM) Securities have remained bullish on bulge balance sheet banks as analysts rated their stock strong buy.

Bargain Hunting Lifts NSE Market Cap by ₦60.4 billion.

African Banks are small but Profitable – The Banker. African banks are small in world terms but they punch above their weight in profits, according to The Banker’s latest ranking of the Top 1000 World Banks.

Equity Analysts Upgrade Dangote Cement, Nestle, Zenith, GTB Target Prices. Equity research analysts at ARM Securities Limited have handed strong buy recommendation for Dangote Cement, Nestle; Zenith and GTBank stocks om account of strong upside opportunities.

NSE market capitalisation soars as stocks gain ₦174.1 billion

Tier-1 Banks Pull ₦775 Billion Profits as Total Assets Hit N30 Trillion. Despite the slow growth in the economic, Tier-1 Banks were able to make the earnings season an impressive one.

Equity analysts advise investors to offload Unity Bank, Unilever, Guinness stocks. Equity pickers have advised investors to adjust portfolio with recommendation to Buy UBA, Sell UBN Hold FCMB, and Reduce Sterling but Accumulate Stanbic IBTC shares.

Equities market indices retreat as investors’  dump pricey stocks. There was a pullback in the market after trading session today. Investors dumped weighty and highly price stock dragged stock market indices