FBN Holdings' profit was boosted by high trading income coupled with a lower operating expense.
Twenty-eight (28) equities depreciated in price, lower than thirty-one (31) equities in the previous week.
...shares views on the economy and financial markets.
This was triggered by buying pressures from institutional investors on blue-chip stocks.
The fresh equity capital injection is coming on the heels of FBN Holdings' recent divestment from FBN Insurance.
Insiders are prohibited from trading a company's stock during a closed period.
Trading in the top three equities accounted for 275.099 million shares worth N2.818 billion in 3,497 deals.
We have made slight changes to our estimate, with the overall effect being a slight change to our price target.
“There is a decent appreciation for the importance of investing to secure one’s financial future."
Note that the statement, which was signed by both FBN Holding's group CEO and Sanlam Emerging Markets Ltd's CEO, did not disclose how much the transaction...