Avon Crowncaps and Containers (Nigeria) Plc (Avon Crowncaps or the Company) has notified The Nigerian Stock Exchange, through its Stockbrokers CSL Stockbrokers Limited, that its Board has received a restructuring proposal (Proposal) from the majority shareholder, Wilko Corporation (Wilko), a private company incorporated in the Bahamas.
Today, CHAMPION experienced an impressive patronage with corresponding volume growth to record an upper break-out. The stock recorded a positive divergence to gain maximally by 10.10%, extending a 4-day gaining streak.
We wishes to inform all our stakeholders that the 240th Meeting of the Monetary Policy Committee (MPC) earlier scheduled to hold on September 22 and 23, 2014, is now to hold on Thursday, September 18 and Friday, September 19, 2014.
In line with our expectations, overall direction of the market during the review week was dictated by the maturity of c. N237.45billion worth of OMO bills, the treasury and the release of the August 2014 FGN bonds auction offer circular by the Debt Management Office (DMO).