Updates

Access Bank Plc – Management to Continue Exploiting Opportunities in FX Derivatives

Culled—Proshare March 22, 2017/CardinalStone Research Access Bank of Nigeria Plc held its earnings conference call to explain its FY’16 results. We retain our target price (TP) to N8.32 and maintain our BUY rating on the counter.  Kindly see below the key points from the conference call. Management explains exposure to […]

Oil Markets Recoil As Inventory Builds More Than Feared

Culled—Proshare March 22, 2017 By Julianne Geiger OilPrice.Com The American Petroleum Institute (API) reported a build of 4.529 million barrels in United States crude oil inventories against expert predictions that domestic supplies would see only a 2-million-barrel build. Oil prices had already fallen earlier on Tuesday in anticipation of a […]

South Africa’s CPI slows to 6.3 percent year-on-year in February

March 22, 2017/Reuters South Africa’s headline consumer inflation slowed to 6.3 percent year-on-year in February from 6.6 percent in January, data from Statistics South Africa showed on Wednesday. Economists polled by Reuters had forecast a 6.3 percent year-on-year inflation print. On a month-on-month basis, inflation rose to 1.1 percent from […]