9/5/2018/jspcommunications Solid business growth in line with capacity increases leading to a record revenue of more than AED 100 billion (US$ 27.2 billion) for the 1st time Improved cash balance of AED 25.4 billion (US$ 6.9 billion) Declares a dividend of AED 2.0 billion (US$ 545 million) to the Investment […]
Investors Bite
Renewed Offshore Selloff Lifts Bond yields by c.25bps
Culled—Proshare 8/5/2018/Zedcrest Capital *** IMF Urges Nigeria to Expand Tax Base, Streamline Currency Policy*** Bonds The Bond market turned bearish, with continued selloffs from offshore players on the medium to long end of the curve. Although we observed some cherry picking by local clients, yields rose significantly higher by c.25bps […]
Bears Sustain Dominance on Nigerian Equities Market
May 8, 2018/Cordros Report EQUITIES The bears continued to dominate the equities market, as the ASI dipped marginally, by 0.04%, to 41,155.80 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -0.27% and 7.62%, respectively. The Consumer Goods (-0.31%) index recorded the largest loss, followed by the Insurance (-0.15%) and […]
