Culled—Proshare September 27, 2017/FBNQuest Research Earnings and price target revised upwards PZ Cussons Nigeria’s (PZ) delivered another set of strong numbers in Q4 2017 (end-May), similar to the prior quarter. Sales were 10.8% ahead of our forecast, impacted primarily by a favourable price-volume mix. Its parent company, PZ Cussons, had […]
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Nigeria’s N100bn Debut Sukuk Offer Oversubscribed
26/9/2017/The Will As was expected, the N100 billion seven-year debut Sukuk offer by the Debt Management Office (DMO), which closed last week Friday, has been oversubscribed. The Sukuk, a project-tied investment facility attracted investors from across a broad spectrum of the public comprising pension funds, banks, fund managers, institutional and […]
Stocks Extend Bearish Run, Second Straight Session as NSEASI Dips 1.15%
September 26, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 26th September 2017 EQUITIES: For the second consecutive trading session, the equities market closed in the red, driven by the sell-off in bellwether stocks; DANGCEM (-345pts), NESTLE (-45pts) and NB (-23pts). These performances more than offset the gains […]
