Culled—Proshare 25/7/2018/Zedcrest Capital *** Ignore pressure to sign-on to AfCFTA agreement, MAN urges FG*** KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at July 23, 2018, 38bps down from 11.61% recorded in May 2018. MPR 14.00% Next MPC meeting scheduled for July 23 & 24, 2018 External Reserves $47.30bn As […]
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Unilever Nigeria Q2 2018 Results Review: Retaining Underperform Rating
Culled—Proshare July 25, 2018/FBNQuest Capital No changes to EPS forecasts Unilever Nigeria’s (Unilever) earnings of N2.9bn grew 42% y/y and were in line with our forecast. We deduce from the Q2 figures that the firm restated its Q1 2018 numbers. Given that the results did not spring any major surprises, […]
Bears Sustain Hold on Nigerian Equities Market on Losses Across Sectors
July 25, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Bears on Wednesday sustained its hold on the Nigerian equities market as the benchmark index declined 0.30 percent and driven by losses across most sectors. InvestmentOne reports at the close of the trading session on the floor of the Nigerian Stock Exchange (NSE), […]
