May 14, 2018/Cordros Report CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY fell by 0.38% to NGN13.10. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q1-18 result, showing EBIT was higher by 76.2% while PBT was lower by […]
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Intraday Update: NSE ASI Down -0.25% on Sell-Offs Across Sectors
May 14, 2018/InvestmentOne Update ASI as at 12.00pm: -0.25%. Market movers: CILEASING (-9.36%), FIRSTALUM (-8.89%), CAVERTON (+4.98%), DANGFLOUR (+4.78%). Sector Performances: Banking (-0.36%), Consumer Goods (-0.36%), Industrial (-0.01%), Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 35% and 81% respectively compared to this […]
Funding Rates Spike to 7-Month High as Banks Fund for their Retail FX Bids
Culled—Proshare 11/5/2018/Zedcrest Capital ***Nigeria’s Capital Importation grows by 594% in Q1 2018*** – NBS Bonds The bond market closed the week on a weaker note, with yields rising further by c.10bps on average. This was due to the strong liquidity pressures in the System which constrained buying interests in the […]
