Get all the latest information on businesses and companies in Nigerian Stock Exchange.
In the past week, a number of banks have released their results. Their statements, press releases and analyses of their results are below.
I will be posting a chart with the summary of the results later.
Courtesy of FSDH, Lead Capital, and Afrinvest, here are the NSE statistics for the week ended Friday, October 22nd:
– The market caved into bearish sentiments mid-week however a spike on Friday curbed the downward trend, as the NSE All-Share Index subsequently lost 39bps closing at 24,978.70.
– Profit taking in the banking sector sent most mid-tier banks tumbling this week, Access Bank, FCMB, Stanbic IBTC and Skye Bank all shed points ranging from 0.2% to 8.0%, top-tier banks were not spared either, however, bullish sentiments on Friday had most of the top-tier banks recording varied gains; First Bank and GTBank inched up with gains of 2.9% and 3.4%respectively, while UBA and Zenith Bank both gained marginal points. The rally on Oceanic Bank remained strong all week resulting in a 25.5% gain. Sentiments in the market indicate that the rally could continue into mid-next week before profit taking starts.
– The food and beverages sector went to the bears this week. Profit taking trimmed off less than 1.0% from Dangote Flour while Dangote Sugar shed 1.2%, Cadbury also lost 12.1%. On the flip side Honeywell Flour and 7up bagged gains of 7.5% and 5.0% respectively.
– In the same vein bearish sentiments trimmed off 1.4% an 2.8% from International Breweries and Guinness this week, while NB lost marginal points.
Below is the Monthly Economic News and Views presentation given by B.J Belgore for October 2010. As usual, it is a very very detailed and informative presentation. You will do well to read the entire thing.LBS Executive Breakfast Session - October 2010 (789)
In recent weeks, the CBN has released some press releases and statements and guidelines. You can read them below as well as the recent speech by the CBN Governor at the CIBN Conference.Communique for September 21 MPC (557)
Courtesy of Lead Capital, IBTC, FSDH, and Afrinvest, here are the stats and reports for the week ended October 15th 2010:
Here are the company analyses from Vetiva Capital and Afrinvest for AP PLC, Neimeth International, BCC, First Bank, UBA and Dangote:VetivaResearch - Dangote Flour Mills Plc - FY09 and H110 Earnings Release Report (476)
And here are the NSE Reports from Lead Capital, FSDH, IBTC, and Afrinvest:NSE Report - Lead Capital - October 8th 2010 (433)
Courtesy of Afrinvest, Vetiva Capital, and FSDH, here are some analyses of the companies listed below who recently released their quarterly, half-year or annual results.VetivaResearch - Dangote Flour Mills Plc - FY09 and H110 Earnings Release Report (762)
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!