April 8, 2019/InvestmentOne Report ASI as at 12.00pm: -0.24%. Market movers: FIDSON (-10.00%), GUINNESS (-3.92%), NEIMETH (+9.80%), CHAMS (+8.33%). Sector Performances: Banking (-0.94%), Consumer Goods (-0.21%), Oil & Gas (+0.13%) and Industrial. Market activity: In today’s early trade, total volume and value declined by 67% and 58% compared to […]
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Nigerian Bourse Rebounds +0.21% on Bargain Hunting, W-t-D Returns Dips -4.59%
April 5, 2019/InvestmentOne report The Nigerian equities market closed the final trading session of the week in green, gaining 0.21%. However, WTD, the market closed down by 4.59%. Market breadth index was positive with 17 gainers against 15 losers. FIRSTALUM (+10.00%) led the gainers’ chart while ABCTRANS (-9.43%) was the […]
Okomu Oil Palm Plc: Compelling growth story despite weak earnings
April 5, 2019/Cordros Report Update: We update on OKOMUOIL following the 2018FY results and our recent discussion with management. After the unimpressive performance in 2018FY, we forecast EPS to grow by 2.3% in 2019 and 24.6% average over 2020-2021E, with a TP of NGN93.62/s (previously NGN91.57/s). Our revised estimate is […]
