Today, PRESTIGE recorded an astronomical growth in its bearish volume while its price remained flat at nominal value of N0.50kobo. This shows that both the investors and shareholders maintained unenthusiastic trading postures towards the stock despite the general renewed optimism on the bourse.
Today, the shares of COSTAIN gapped up, recording a break-away rally within the band. The stock leads market performance with +10.00% gain as money inflow index surged significantly to reflect a strong reversal trend.
MRS Oil Nigeria Plc has notified The Nigerian Stock Exchange that its Board meeting earlier scheduled for to hold on 30 October 2014 to consider the 3rd quarter unaudited results of the company has been re-scheduled to 12 November 2014.
Beta Glass Plc has notified The Exchange that Frigoglass SAIC in Attens, the parent company of Frigoglass Industries Nigeria Limited, which is the core investor in Beta Glass Plc has announced that it is commencing an exploratory process relating to strategic options for its Glass business.
Today, UBA experienced renewed and active bargain optimism with corresponding spike in bullish volume traded. The stock halts the active sell-down activities with a maximum gain of +9.10%, after hitting 21months low at N5.29kobo in an oversold region- an indication of renewed investors loyalty towards the stock.
Access Bank Plc (Access) recently published its Q3-14 results that showed an EPS growth of 26.4% yoy, behind our FY-14E expectation of a 21.9% yoy growth. We revise our 12-month target price up to N11.84 from N11.78 and maintain our BUY recommendation on the stock on a more positive outlook for ROAE.
Sterling Bank Plc. (Sterling or the bank) recently released its results to June 2014. The unaudited 1H 2014 results show an increase in gross earnings to N48.70billion, up by 16.35% compared with N41.86billion recorded in the corresponding period of 2013.