March 16, 2018/InvestmentOne Update ASI as at 12.00pm: -0.61%. Market movers: JAPAULOIL (-8.22%), FCMB (-7.95%), UAC-PROP (+4.76%), JOHNHOLT (+3.85%). Sector Performances: Banking (-1.25%), Consumer Goods (-1.03%), Industrial (-0.02%), Oil & Gas. Market activity: In today’s early trade, total volume and value increased by c. 27% and c.125% respectively compared to […]
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Challenging H2 for PZ Nigeria Plc: The Parent Company Has Confirmed It!
March 16, 2018/Cordros Update Update: PZ Cussons Plc (PZC), the parent company of PZ Nigeria Plc (PZN), stated in a trading update released yesterday, that it now expects its profit for the year ending May 2018 will fall short of expectations. Trading conditions in Nigeria and UK were unfavourable in […]
Markets Turns Bearish as CBN Sells N443bn OMO bills
Culled—Proshare March 16, 2018/Zedcrest Capital ***Nigeria’s central bank aims for first rate meeting by April***- Emefiele KEY INDICATORS Inflation 14.33% Declined by 0.80% in February from 15.13% in January 2018 MPR 14.00% Left unchanged at 14.00% at the MPC meeting of November 2017 External Reserves $44.20billion Accreted 1.59% as at […]
