November 20, 2017/Cordros Report ASI as at 12.00pm: -0.22% Market movers: FO (-9.73%%), UNILEVER (-2.35%), NASCON (+9.59%), HONYFLOUR (+4.64%) Sector Performances: Banking (-0.80%), Oil & Gas (-1.07%), Insurance (+0.31%), Consumer Goods (+0.20%),and Industrial Market activity: Investors have exchanged c.25m units of shares worth N256m so far today, a significant moderation […]
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Cordros Weekly Stock Recommendation for November 20, 2017
November 20, 2017/Cordros Research CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY declined by 8.83% last week to N11.25. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of […]
Bond Yields decline on Renewed Demand from Domestic Market Players
Culled—Proshare November 17, 2017/@ZedcrestCapital The Bond Market The bond market ended the week on a bullish note, with renewed demand from local market players taking yields lower by 5bps across the curve. Average bond yields consequently declined to 14.83% from 14.89% in the previous session. We expect yields to trend […]
