Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Courtesy of Afrinvest, IBTC, Lead Capital, and FSDH, here are the NSE reports for the week ended May 20th, 2011
The week ended with the NSE All-Share Index inching up by 203bps.
The banking sector recorded fairly matched gains and losses this week. Profit taking mid-week curbed the rally on UBA and Oceanic Bank, subsequently leading to marginal gains of 3.4% and 1.5% respectively. Mid-tier banks, Skye Bank, Access Bank and FCMB also inched up marginally with gains of 8.7%, 4.8% and 4.0% respectively.
Bullish sentiments dominated the breweries sector throughout the week as most stocks in the sector recorded varied gains. Guinness traded mostly at top price throughout the week but closed flat due to a dearth of volumes. NB recorded marginal gains, while International Breweries gathered 27.2% cumulatively.
Activities in building sector were on the upbeat this week as Lafarge Wapco topped the gainers’ list in the sector. This was closely followed by Dangote Cement and CCNN with gains of 5.0% and 4.9% respectively, while Ashaka Cement recorded a 3.3% mark-up in its share price.NSE Weekly Report - FSDH - May 13th 2011 (492)
Here are the company results and reports from the stockbrokers, Afrinvest, FSDH, BGI and Lead Capital.
More bank results:
Access Bank - Q1 2011 Results (637).
Zenith Bank Q1 2011 Result (535)</blockquote>
Courtesy of Afrinvest, Lead Capital, and FSDH, here are the reports for the NSE for the week ended May 6th 2011:
<blockquote>- Bullish sentiments dominated the market this week, with the NSE All-Share Index inching up by 103 bps.
– Activities in the banking sector were on the uptick as many of the banks recorded gains this week. FinBank, Diamond Bank, UBA and Oceanic Bank gained points in excess of 10.0% apiece. Other gainers in the sector include Stanbic IBTC, Intercontinental Bank, Wema Bank and Union Bank, gathering points between 5.0% and 9.0%. Aggressive selling activities shaved off marginal points from the price of Skye Bank and Fidelity Bank, both recording losses of 1.5% and 1.8% respectively.
– In the breweries sector, NB maintained its strong hold on the market throughout the week. Strategic activities on the last trading day curbed the price appreciation of NB and it subsequently gained marginal points. Bullish sentiments dominated activities in Guinness; it however closed flat due to a dearth of volumes. On the flip side, International Breweries lost 13.5% cumulatively.
NSE Weekly Report - FSDH - May 6th 2011 (508).</blockquote>
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!