Culled—Proshare May 3, 2018/FBNQuest Research Event: UAC of Nigeria (UACN) reports Q1 2018 results Implications: Downward adjustments to consensus 2018E EPS forecast expected Positives: Net interest expense declined -64% y/y to –N446m Negatives: Q1 sales of N18.3bn down -25% y/y and -10% q/q respectively; Opex up 14% y/y to N2.6bn […]
Investors Bite
4 Best-Performing Equity Mutual Funds in Q1 2018
Culled—Proshare May 3, 2018/Quantitative Financial Analytics Ltd Nigeria’s equity market witnessed some calmness and subdued volatility in the first quarter of the year. Quantitative Financial Analytics Realized Volatility index (NSErealVol) stood at 12.98, as at March 29th, down from 15.68 recorded by the end of the previous year. In addition, […]
CBN Sells N600bn T-bills to Mop up Excess Inflows from Maturing Bills
Culled—Proshare May 3, 2018/Zedcrest Capital ***Nigeria, China sign $2.5bn currency swap deal*** Bonds The bond market opened on a relatively quiet note, but turned slightly bearish following release of the OMO auction results which showed a significant sale of c.N600bn at a 5bps higher rate. Yields consequently retraced slightly by […]
