By InvestAdvocate Click here to view Cordros Daily Market Update for March 23, 2017 Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed flat, with the all-share index (ASI) unchanged at 25,514.03 points. “Consequently, the Month-to-Date and Year-to-Date returns were unchanged at 0.73 percent and -5.06 percent respectively, reports Cordros daily […]
Capital Market
Cadbury Nigeria Plc Q4-16 – First Glance: -81.8% y/y PBT; Earnings to Recover in 2017
March 22, 2017/Cordros Research Click here to view full report Cadbury Nigeria Plc (CADBURY) released Q4-2016 and 2016 full year results yesterday. As in 2015, the profit (against our expectation of a loss) reported in the fourth quarter was a positive surprise, therefore resulting into a loss before tax of […]
Asian shares at 21-month highs, dollar soft on Fed views
March 21, 2017/Reuters By Hideyuki Sano Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent […]
