Culled—Proshare March 14, 2018/Zedcrest Capital *** Nigerian inflation slows for 13th consecutive month in February*** Bonds The Bond market remained slightly bullish in today’s session, but in a less aggressive manner than in the previous session. This was as the initial bullish bias following the significant decline in the Y/Y […]
Investors Bite
Nigerian Equities Market Investors Downbeat, as Benchmark Index Declined -0.54%
March 14, 2018/Cordros Update EQUITIES Investors in the equities market were downbeat, with the ASI declining by 0.54% to 42,839.49 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -1.13% and 12.02% respectively. The Banking (-1.45%) index posted the largest loss – marking its third consecutive session of loss – […]
Nestle Nigeria Plc – A compelling but expensive growth story
Culled—Proshare March 14, 2018/ARM Research Following a dismal 2016, when earnings fell to an eight-year low of N7.4 billion, Nestle Nigeria Plc (Nestle) returned strong in 2017, with earnings rising to a record N33 billion, a four-fold increase from the prior year. The big question now is, what happens next […]
