July 29, 2019/InvestmentOne Update ASI as at 12.00pm: +0.09%. Market movers: CAVERTON (+10.00%), DANGFLOUR (+8.91%), TOTAL (-7.45%), CHAMS (-7.14%). Sector Performances: Consumer Goods (+0.36%), Oil & Gas (-0.97%), Banking (-0.11%) and Industrial. Market activity: In today’s early trade, total volume and value declined by 72% and 84% compared to this […]
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Traders Take Profit on Nigerian Eurobonds Ahead of US FED Rate Decision
Culled—Proshare July 27, 2019/Zedcrest Capital Yields trended higher in the NGERIA Sovereign space as some expectations for a more than a quarter point rate cut by the US FED faded, following the fairly positive US Q2 19 GDP results (2.1% actual vs 1.8% consensus). Yields were consequently higher by c.7bps […]
Airtel Africa Says Profit in Q1 2019 Down 12.22% to $132.2 Million
July 27, 2019/CAMCAN Key Highlights • Customer base grew by 9.3% to 99.7 Mn • Reported revenues increased to $ 795.9 Mn, up 6.9%, with constant currency growth of 10.2%. This was the 6th consecutive quarter of double-digit constant currency growth • Revenue growth of 10.2% in constant currency was […]
