Top Gainers
Top Decliners
 EGX | Wadi Kom Ombo for Land Reclamation | 118.41 | +17.67% | 16/07 |
 ZSE | British American Tobacco Zimbabwe | 51.75 | +15.00% | 16/07 |
| ZSE | TSL | 2.62 | +14.99% | 16/07 |
| ZSE | Dairibord Holdings | 1.75 | +14.98% | 16/07 |
| ZSE | Cafca | 14.90 | +14.62% | 16/07 |
 MSE | NBS Bank | 130.84 | +13.64% | 16/07 |
| ZSE | ZB Financial Holdings | 9.29 | +13.03% | 16/07 |
| EGX | General Co for Land Reclamation Development and Reconstruction | 39.11 | +12.94% | 16/07 |
 SEM | Miwa Sugar | 0.27 | +12.50% | 16/07 |
| ZSE | CBZ Holdings | 15.15 | +12.22% | 16/07 |
 NGX | Vetiva S&P Nigeria Sovereign Bond ETF | 152.11 | -39.16% | 16/07 |
| NGX | SIAML Pension ETF 40 | 1,071.00 | -10.00% | 16/07 |
| NGX | Red Star Express | 3.95 | -9.82% | 16/07 |
| NGX | McNichols | 1.01 | -9.01% | 16/07 |
| ZSE | OK Zimbabwe | 0.50 | -8.16% | 16/07 |
 BVMT | SOTRAPIL | 14.60 | -7.59% | 16/07 |
 NSE | Sameer Africa | 2.06 | -7.21% | 16/07 |
| ZSE | starafricacorporation | 0.01 | -7.07% | 16/07 |
| BVMT | ARTES Renault | 6.07 | -6.90% | 16/07 |
| EGX | El Sewedy Electric | 44.04 | -6.75% | 16/07 |
Research Hub
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MACRO | Nigeria: 2024 Mid-Year Outlook - At the Precipice of a Strategic Shift
The global economy is dynamic. Hence, investment strategy must evolve to keep pace and remain relevant. -
NESTLE | Nestle Nigeria Company Update : PPE revaluation to support shareholders’ equity
Despite prevailing macroeconomic conditions, NESTLE grew revenue by 43.4% YoY in Q1'24. However, earnings were eroded by higher production costs and foreign exchange losses. -
FBNH | FBNH Holdings Company Update : NII to propel earnings in FY’24
We adjust our FY'24 estimates for FBNH to reflect the impact of the elevated interest rate environment and potential improvements in cost-of-risk (CoR). -
GUINNESS | Guinness Nigeria - Company Update : Strategic acquisition to unlock upside potential
In its 9M'23/24 results, Guinness Nigeria Plc (GUINNESS) recorded a 27.2% YoY revenue growth and a pre-tax loss of N60.4 billion. -
AIRTELAFRI | Airtel Africa Plc - Company Update : Localisation of debt to ease FX pressures
AIRTELAFRI's financial results for FY'23/24 showed a downturn in earnings, largely due to multi-currency weaknesses in some of its operational regions. -
PRESCO | Presco Plc - Company Update : Expansion opportunity highlights upside risks
The odds are in favour of PRESCO in 2024, as we see legroom for higher domestic CPO prices and improved RBDO production. Furthermore, the proposed acquisition of a 100.0% equity stake in Ghana Oil... -
FLOURMILL | Flour Mills of Nigeria - Company Update : Improved earnings outlook spurs rating revision
FLOURMILLS has proven resilient in the face of tough macroeconomic terrain by developing new products, expanding its market reach, and boosting export earnings. -
ETI | Ecobank Transnational Incorporated - Company Update : Diversification advantage remains compelling
In FY'23, ETI's earnings defied notable currency weaknesses in Zimbabwe (- 89.0%), Nigeria (-50.0%), and Ghana (-29.0%), expanding by 11.0% to $406.9 million.
