August 14, 2017/Reuters By Duncan Miriri Kenya’s main stock index rose 2.51 percent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. The NSE-20 index has risen nearly 7 percent since the election last Tuesday. Kenyatta was declared winner […]
Investors Bite
Reigniting Investors’ Interest in the FGN Savings Bond
Culled—Proshare August 14, 2017/FSDH Investors’ participation in the Federal Government of Nigeria (FGN) Savings Bond has not been impressive since the introduction of the Bond in March 2017 despite the increase in the coupon rate (interest rate) on the Bond. The amount allotted dropped consistently from N2.07billion in March 2017 […]
Zenith Bank Plc – Earnings Beat as FX Income Spike Dwarfs Huge Provision
Culled—Proshare August 14, 2017/Vetiva Research • High interest rate environment lifts top line despite flat loan growth • Elevated OPEX and Interest cost persist • Provision in Power and Telecom assets pressure asset quality Marked deviations from estimates as earnings beat ZENITHBANK released its audited H1’17 result posting marked deviations […]
