By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Monday opened the week on a bullish note, with the benchmark index rising by 0.26 percent to close at 27,316.52 points. “Today’s positive close trimmed the Month-to-Date and Year-to-Date losses to 2.48 percent and 4.63 percent respectively,” Cordros daily market update affirmed. […]
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Bond prices decreased across all maturities on profit taking-Daily Review
August 15, 2016/Cowry Asset Research FGN OTC Bond prices decreased across all maturities on profit taking–10.00% FGNJUL 2030 bond,10-year, 16.39% FGN JAN 2022 debt, 7-year, 16.00% FGN JUN 2019 debt and 3-year, 13.05% FGN AUG 2016 debt lost N0.63, N0.65 and N0.93 and N6.24 respectively (corresponding yields rose to 15.389%, […]
International Breweries Plc: FX Loans Weighing on Outlook
Culled—-Proshare August 15, 2016/FBNQuest Research Downward revision to estimates; downgrading to Underperform International Breweries’ Q1 2017 (end June) earnings came in significantly behind our estimates. As such, we have cut our earnings estimate over the 2017-18E period by 48% on average. Due to the higher interest rate environment, we increased […]
