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Courtesy of FSDH, Afrinvest, Lead Capital, and Stanbic IBTC, here are the weekly reports for the Nigerian Stock Exchange for the week ended April 15th 2011:
Summary for the week:
– The NSE All-Share Index closed at 25,036.75 this week.
– Activities in the banking industry were on the uptick this week in spite of the release of some full year numbers that failed to impress many participants. Diamond Bank rallied towards the end of the week, with an 11.0% gain. This was followed by Zenith Bank, FCMB, Intercontinental Bank and Stanbic IBTC, with gains ranging from 5.0% to 7.0% each. On the flip side, Oceanic Bank, Wema Bank, Bank PHB and Spring Bank shed points in excess of 3.0% apiece. First Bank also shed marginal points at the end of the week; this may be the after-effect of its full year results which fell below participants’ expectations.
– In the breweries sector, all traded stocks, with the exception of Champion Breweries, recorded varied gains at the close of the week. NB and International Breweries gathered gains of 4.3% and 6.3% respectively, while institutional purchases firmed up the price of Guinness with a 7.3% gain.
– Fringe players, C & I Leasing and Japaul Oil moved in the same direction with the market index, recording gains of 1.6% and 7.3% respectively to close the week on a positive note.
Afrinvest Weekly Market Summary & Stock Recommendation, Week Ended 15th April 2011 (651).
NSE Weekly Report - Afrinvest - April 15th 2011 (613).
NSE Weekly Report - IBTC - April 15th 2011 (690).
NSE Weekly Report - Lead Capital - April 15th 2011 (618)
And here are the reports for previous weeks as well.
Reports for the week of April 8th:
Afrinvest Weekly Market Summary & Stock Recommendation, Week Ended 8th April 2011 (636).
NSE Weekly Report - FSDH - April 8th 2011 (588).
NSE Weekly Report - IBTC - April 8th 2011 (603).
NSE Weekly Report - Lead Capital - April 8th 2011 (642)
Reports for the week of April 1st:
Afrinvest Weekly Market Update - April 1 2011 (590).
NSE Forthnightly Report - Afrinvest - April 1 2011 (802).
NSE Weekly Report - Lead Capital - April 1st 2011 (626)
In the past 3 weeks, the banks have been releasing their results. Below are their statements, results, presentations and analysis of their results:
Zenith Bank FY2010 Group Results Presentation (506)</blockquote>
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