Archive for May, 2011

Courtesy of Afrinvest, IBTC, Lead Capital, and FSDH, here are the NSE reports for the week ended May 20th, 2011

  • The market was relatively quiet, with activities skewed to the sell side. The NSE All-Share Index cumulatively lost 9 bps this week.
  • The banking sector went to the bears this week; subsequently only two banks recorded gains at the close of the week. Bank PHB recorded a 7.1% appreciation, while Intercontinental Bank recorded a marginal gain. On the flip side, fairly matched demand and supply during daily sessions for top-tier banks led to losses ranging from 0.5% to 2.0% for GTBank, Zenith Bank and First Bank.
  • In the food and beverages sector, profit taking shaved off 11.6% and 0.8% from Dangote Sugar and Dangote Flour respectively this week. On the up-tick however was Honeywell Flour, bagging 9.0%. Nascon, Nestle, and Flour Mills also had growing demand, leading to gains of 3.3%, 1.3% and 1.2% respectively.
  • In line with the market trend, PZ Cussons recorded the lone gain in the conglomerates sector this week, while Unilever, UACN and Transcorp shed 1.2%, 2.3% and 1.8% respectively.

NSE Weekly Report - FSDH - May 20th 2011 (636).

NSE Weekly Report - Afrinvest - May 20th 2011 (457).

NSE Weekly Report - IBTC - May 20th 2011 (500).

NSE Weekly Report - Lead Capital - May 20th 2011 (415)

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.

Afrinvest Weekly Market Update - May 13th 2011 (436).

Afrinvest Weekly Update 13th May 2011 (451).

NSE Weekly Report - IBTC - May 13th 2011 (479).

NSE Weekly Report - Lead Capital - May 13th 2011 (442).

NSE Weekly Report - FSDH - May 13th 2011 (459)

Here are the company results and reports from the stockbrokers, Afrinvest, FSDH, BGI and Lead Capital.

More Bank Results

In: Banks

11 May 2011

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.

Afrinvest Weekly Update 6th May 2011 (453).

Afrinvest Nigeria Update Issue - May 6th 2011 (636).

NSE Weekly Report - IBTC - May 6th 2011 (547).

NSE Weekly Report - FSDH - May 6th 2011 (473).</blockquote>

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