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   Market Date: 23-07-2014   
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Investors NewsBeat

  1. AIRSERVICE records bullish reversal pattern on renewed enthusiasm


    Today, AIRSERVICE recorded a renewed and fresh moderate bargain tendency to retrace from 10weeks low at N2.03kobo, following the unrelenting sell-down activities witnessed towards the stock, shedding -36.90% so far in the year.
  2. Zenith Bank Plc - H1-14 Rising cost of funds put pressure on earnings


    Zenith Bank Plc (Rating: HOLD, TP: N25.17, Price: N24.95, Upside: +0.88%)
  3. ZENITHBANK Releases Robust Half Year '14 Results; Grows PAT by +4.5%


    The Nigerian bank headquartered in Lagos, announces its unaudited results for the 6 months ended 30 June 2014.
  4. WEMABANK pulls back from 29weeks high; sheds 5% on speculation


    Today, WEMABANK recorded weak bargain positions to close with -5.00% loss as investors appeared cautious, while the stock failed on second attempt to stay above its key resistance level at N1.20kobo.
  5. Unilever Nigeria Plc (Rating: HOLD, TP: N41.33, Price: N50.14, Downside: -17.57%)


    Unilever Nigeria Plc (Unilever) released its H1-14 (January June 2014) results on Friday 18 July, 2014.
  6. Sell-down hits UNILEVER as investors react to Q2'14 earnings report


    Today, UNILEVER experienced a continued negative sentiment, recording -5.00% loss to extend the recent sell-down pattern as both investors and shareholders displayed strong negative sentiments towards the stock.
  7. CONTINSURE Announces the Registration of a Subsidiary in Botswana


    Continental Reinsurance Plc notified The Nigerian Stock Exchange that it has been granted a license to open a subsidiary in Gaborone, Botswana. The new Company will operate and be known as Continental Reinsurance Company Limited, Gaborone, Botswana.
  8. WAPCO announces Proposed Merger between Lafarge SA and Holcim Ltd


    Lafarge Cement Wapco Nigeria Plc has notified The Nigerian Stock Exchange that its parent company, Lafarge SA (France) and Holcim Ltd (a company organised under the laws of Switzerland) has announced the formal signing of the combination agreement, markin
  9. CONTINSURE Notifies of a Potential divestment by ECP Africa Fund II PCC


    Continental Reinsurance Plc notified The Nigerian Stock Exchange of a potential divestment by ECP Africa Fund II PCC and its partners (the ECP Fund II Consortium) of their interests in C-Re Holding Limited. C-Re Holding is a Mauritius-based limited liabil
  10. NESTLE: Notification of Period of Closure of Trading on Nestle Shares by Insiders


    Nestle Nigeria Plc notified The Nigerian Stock Exchange that its Board of Directors will meet on Friday, 25th July 2014 to consider the half-year results of the Company for the period ended 30th June 2014.
  11. CHAMPION Announces Offer date for Rights Issue


    Please be informed that further to the application for a Rights Issue of 6,300,000,000 ordinary shares of 50 kobo each at N1.85 per share, by Champion Breweries Plc, the applicable dates have been fixed
  12. MOBIL returns to 2011 price range with a break-away gap


    Today, MOBIL recorded a sustained and active bargain pattern to end the session with a moderate gain of +5.10% with break-away rally, extending the moderate gaining streak in the recent weeks as bargain appetite from both the investors and shareholders c
  13. Stealth buying in NASCON despite sustained pessimistic trading pattern


    Today, NASCON recorded a significant surge in its bearish volume by 656.85% amid moderate loss of -2.40%, extending the 6weeks sell-down pattern as sentiments towards the stock remained unfavourable to hit new 14months low. An indication of weak investo
  14. FIDELITYBK: Weak Fundamentals depress investors' loyalty further


    Today, FIDELITYBK experienced a continued sell-down pattern, recording moderate loss of -0.50% to extend the prolonged pessimistic trading pattern despite the recent active bargain tendency displayed on the Nigerian bourse.
  15. BIG Interest in Unilever amid sustained profit-taking


    Today, UNILEVER recorded an astronomical growth in its bearish volume while its price shed weight by -2.40% to extend the downtrend as both the investors and shareholders maintained negative sentiments towards the stock.
  16. OANDO Energy Resources Completes Acquisition of Medal Oil


    Oando Energy Resources Inc. (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has completed the acquisition of Medal Oil Company Limited (Medal Oil).
  17. CAVERTON Appoints Captain Josiah Choms as New Managing Director of Caverton Helicopters


    Caverton Offshore Support Group Plc notified The Nigerian Stock Exchange that as part of its repositioning plans, Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc (COSG), has named Captain Josiah Choms as its new managing director
  18. NIGERINS declares 3.5kobo Dividend per Share for '13 Financial Year


    Niger Insurance Plc declares a dividend of 3.5 kobo per share for the financial year ended 31st December, 2013. Below are the details of the corporate action
  19. MRS declares 75k Dividend per Share for '13 Financial Year


    MRS Oil Nigeria Plc declares a dividend of 75kobo per share for the financial year ended 31st December, 2013. Below are the details of the corporate action
  20. Tantalizer Plc - Any Light at the End of the Tunnel?


    Tantalizer Plc was once regarded as one of the leading Nigerian fast food restaurant chain in the country before influx of other bigger brands in the industry. The firm raised money from the public through private placement and IPO for business expansion
  21. FCMB breaks key support line, may fall to N4.00 on sustained sell trend


    Today, FCMB experienced a continued moderate sell-down pattern, recording a loss of -2.10% to extend the recent downtrend as investors maintained pessimistic postures despite the improved bargain tendency observed on the Nigerian bourse.
  22. Higher Coal Utilisation Driving Efficiency Gains at Lafarge Ashaka Cement


    Following Ashaka Cement's (Ashaka) Q1 2014 results which came in ahead of our estimates, we have increased our EPS forecasts by about 46% on average over the 2014-15E and our price target by 58% to N28.3. Despite the upward revisions to our price target,
  23. AFRIPRUD records strong bargain pattern, sets for active rally


    AFRIPRUD recorded a low-key bargain posture to close with a modest gain of +1.80%, ending the session with strong reversal pattern with corresponding bullish volume and increased money flow pattern.
  24. BOCGAS Extends the Retiring date of Mr. J.A. Idowu as Managing Director


    BOC Gases Nigeria Plc has notified The Nigerian Stock Exchange that at the meeting of the Directors of the Company held on Wednesday, June 25, 2014 it was resolved that the exit date for Mr. J.A. Idowu, the retiring Managing Director, be extended to July
  25. UNITYBNK Announces Extension of Offer Period to July 9, 2014


    Right Issue of 38,446,689,710 Ordinary Shares of 50kobo Each at 50 kobo Per Share and Private Placement of 40,000, 000, 000 Ordinary Shares of 50 kobo Each at 50 kobo Per share.
  26. UPL Declares 35kobo Dividend per Share for '13 Financial Year End


    University Press Plc has declared a dividend of 35kobo per share for the financial year ended 31st March, 2014. Below are the details of the corporate action
  27. LAWUNION Announces AGM date and Closure of Register for '13 Financial Year End


    Law Union & Rock Insurance Plc has announced the closure of register for the financial year ended 31st December, 2013. Below are the details of the corporate action
  28. TRANSCORP sets to breakout, may hit above N6.00 on growing optimism


    Today, TRANSCORP recorded a moderate gain of +5.00%, sets to breakout of consolidation pattern to extend the 9 weeks gaining streak as bargain sentiments towards the stock remained positive in the recent sessions.
  29. SMURFIT Declares 22.50k Dividend per Share for '13 Financial Year


    Smart products Nigeria Plc declared a dividend of 22.50kobo per share for the financial year ended 31st December, 2013. Below are the details of the corporate action
  30. 7UP Announces N2.50k Dividend per Share for -13 Financial Year


    Seven-up Bottling Company Plc declared a dividend of N2.50kobo per share for the financial year ended 31st March, 2014. Below are the details of the corporate action
  31. Outcomes of the Ecobank AGM, Lome, Togo


    At the Annual General Meeting (AGM) of Ecobank Transnational Incorporated (Ecobank or the Group), held at the Group headquarters in Lom yesterday, all the ordinary resolutions were duly passed. This included the appointment of Mr. Emmanuel Ikazobo
  32. Investors Sell Down on JAPAULOIL, sheds -19.70% in 4days


    Today, JAPAULOIL experienced a continued negative sentiment, recording -3.60% loss to extend the recent price correction pattern as both investors and shareholders displayed strong speculative tendency towards the stock.
  33. FIDSON Announces AGM date and Closure of Register for -13 Financial Year End


    Fidson Healthcare Plc declared a dividend of 10kobo per share for the financial year ended 31st December, 2013. Below are the details of the upcoming Annual General Meeting.
  34. CUSTODYINS hits above 4yrs high, gains +77.27% in 11wks


    Today, Custodian and Allied Insurance Plc recorded moderate gain of +4.30% with an upper breakout to extend the uptrend in the week with corresponding bullish volume as bargain appetite towards the stock appeared very strong. The stock recorded new 52week
  35. UACN records improved patronage on renewed optimism


    UACN experienced an active patronage with huge bullish volume to record an upper break-out. The stock gained 5.0% to break its 5wks resistance level at N65.00kobo while extending the uptrend to close at N65.10kobo. This indicates a fresh optimism from bot
  36. FO Joins NSE "High Priced Stocks"


    The Nigerian Stock Exchange (NSE) concluded its review of the prices of stocks, as part of its plans to improve liquidity and deepen the market, with the announcement of a new security that will be joining the league of High Priced Stocks. The stock annou
  37. OASISINS Announces Actions for Interested Shareholders to Accept Offer


    The Company has notified The Exchange that Qualifying shareholders (Shareholders of Oasis Insurance Plc whose names appears on the register of members of Oasis maintained by First Registrars on 31 December, 2013 and are eligible to participate in the offe
  38. NPFMCRFBK sheds -27.68% in 5wks as investors sustain sell positions


    Today, NPFMCRFBK experienced continued sell-down activities with moderate loss of -4.70% to extend the 5-week downtrend while investors maintained strong negative sentiment towards the stock to close among the most hit stocks despite the growing optimism
  39. OANDO Targets July 31, for Final Close of $1.65bn Acquisition of ConocoPhillips


    Oando Energy Resources Inc. (Oando Energy Resources or the Company) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that the Company and ConocoPhillips have entered into an agreement to extend the ou
  40. Unilever Nigeria Plc: Short Term Headwinds Dampen Outlook - June 30, 2014


    We initiate coverage on Unilever Nigeria Plc (Unilever) with a SELL recommendation and a 12-month target price (TP) of N41.33, which implies a potential downside of 20.9% from the current price level.


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