Invest Data Consulting Ltd

Global& Local EconomicTransition weigh down Emerging Markets The Nigerian equity market continued to trend downward as it remained in the bearish territory, despite the mixed performance recorded for the week when it closed trading on Friday positive.   The market in this mood failed to respond to last week's inauguration of the maiden federal executive council to pilot the affairs of the nation and revitalise the declining economy and influence the market, going forward. It is immediately clear whether this is the market's way of saying the wait was too long, coming almost six months after the May 29 inauguration of the Muhammadu Buhari administration. The bears retained controlof market tempo,as more equities shed weight, despite the two bull sessions witnessed in the course of the week.   The Composite NSE ASI traded below its 29,000 resistance zone to 28,841.67 within the period, while still forming a double bottom at the new support level that i

                                              Nestle Nigeria's third quarter sales revenue was largely driven by its array of nutrition products that target wide segment of the market from infancy to adulthood. This product lines had over the years ensured the company posted positive figures, especially with the inclusion of wyeth nutritional products. As the market awaits the full year financial scorecard of Nestle, the most current basis for valuation in the market is the third quarter result for the period ended September 31, 2015. Comparing the result with similar period of 2014 reveals that the market price dropped by 17 percentto N830 per unit from the N999 in 2014. Meanwhile, the company’s sales revenue rose marginally by 5.2 percent from N102.67 billion to N107.99 billion. Total earnings after considering all interest and tax equally inched north at N17.24 billion as against the previous N16.86 billion. On the other hand, Net Assets was up by 4 percent to sta