April 18, 2018/InvestmentOne Update ASI as at 12.00pm: +0.08%. Market movers: OANDO (+9.70%), GLAXOSMITH (+5.00%), UBN (-3.97%), WAPCO (-2.04%). Sector Performances: Banking (+0.08%), Consumer Goods (+0.02%), Industrial (-1.00%), Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 43% and 69% respectively compared to this […]
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Bond Yields hit Two-year low, as DMO releases Q2 Calendar
Culled—Proshare 18/4/2018/Zedcrest Capital ***Nigeria’s inflation will remain double digits in 2018*** – IMF Bonds The Bond market remained significantly bullish with yields compressing significantly by another 20bps, consequently capping a c.70bps decline in yields for the third consecutive session since the last OMO auction, Thursday by the CBN. We witnessed […]
UACN Plc FY’17 – Dismal FY’17 Earnings, Strategic Review on Course
Culled—Proshare 17/4/2018/Vetiva Research • Revenue up 8% y/y, supported by Food and Paints segments • High production, operation and finance costs derail margins • FY’17 PAT clocks in 59% weaker than Vetiva estimate • Board announces FY’17 dividend/share of ₦0.65 (FY’16: ₦1.00) FY’17 PAT moderates 79% y/y as cost pressures bite Despite an 8% […]
