September 27, 2017/InvestmentOne Research ASI as at 12.00pm: +0.56% Market movers: NEIMETH (+4.62%), CILEASING (+4.32%), MORISON (-8.33%), UAC-PROP (-5.00%) Sector Performances: Industrial (+0.98%), Banking (+0.06%), Consumer Goods (-0.04%), Oil & Gas Market activity: Investors have exchanged c.59m units of shares worth c.N360m so far today, less than half the turnover as […]
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PZ Cussons Nigeria – Decent Results despite Substantial Fx Loss
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 […]
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 […]
