November 20, 2017/InvestmentOne Research The NSE-ASI began the week on a positive note, gaining +0.24% to close today’s trading section at 36,792.60pts. Market breadth index closed positive as 17 stocks gained against 15 stocks that declined. The best performing stock was PZ (10.23%) while FO (-9.73%) was the top […]
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Intraday Update: NSEASI Heads South on Sell-Offs in Major Banking Counters
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 […]
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 […]
