August 5, 2019/Cordros Report Results summary (Q2/H1-19): UNILEVER reported H1-19 EPS of NGN0.61 was down 37.2% y/y due to lower revenue, downwardly sticky input costs, and lower net finance income. Overall, H1-19 EPS is tracking behind market’s expectation for 2019FY (NGN1.53) and Cordros’ estimate of NGN1.27. Q2-19 revenue declined by […]
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MIDDAY UPDATE: ZENITHBANK, Conoil Drive Nigerian Stocks Down -0.01%
August 5, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-Shares of Nigeria’s top tier lender, Zenith Bank Plc and oil marketing, Conoil Plc has dragged the Nigerian Stock Exchange all-share index (NSEASI) lower -0.01% as at midday Monday August 5, 2019. InvestmentOne update reports that market movers on the negative side are Academy […]
NSEASI Extend Losses, Dips 1.0% W/W to 27,630.64 Bps, Lowest Since 16th May 2017
August 2, 2019/Cordros Report Global economy The US Fed, for the first time since 2008, elected to cut interest rate by 25 bps, to a range of 2.00%-2.25%, a move supported by 8 of the 10 Fed officials. Whist the Fed expressed satisfaction with improving domestic consumption and employment levels, […]
