10/9/2018/Bloomberg By Filipe Pacheco Contracts to begin with single stocks, may be widened to index CEO Rashed Al Blooshi comments on derivatives in interview Abu Dhabi’s stock exchange is joining a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to lure more […]
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Weekly Valuation Summary September 10, 2018
September 10, 2018/Cordros Update CADBURY NIGERIA PLC (CADBURY) – HOLD ▪ The shares of CADBURY closed flat at NGN10.05. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY released Q2-18 result, with a loss after tax of NGN455 million. We had expected a […]
Average T-Bills Yield Rose by 15bps to Close the Week at 12.36%
Culled—Proshare September 10, 2018/Anchoria AM Research Money Market The money market rate decreased last week as the Overnight rate (OVN) and Open Buy Back (OBB) fell to 3.42% and 2.83% respectively. Consequently, the average money market rate decreased by 3.29% to settle at 3.13% due to buoyant system liquidity to […]
