Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Here are the company results and reports from the stockbrokers, Afrinvest, FSDH, BGI and Lead Capital.
In: company results|companyanalysis|News|stock exchange|weekly report
19 Apr 2011Courtesy 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:
<blockquote>
- 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.
</blockquote>
<blockquote>
Afrinvest Weekly Market Summary & Stock Recommendation, Week Ended 15th April 2011 (295).
NSE Weekly Report - Afrinvest - April 15th 2011 (266).
NSE Weekly Report - IBTC - April 15th 2011 (269).
NSE Weekly Report - Lead Capital - April 15th 2011 (267)
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And here are the reports for previous weeks as well.
Reports for the week of April 8th:
<blockquote>
Afrinvest Weekly Market Summary & Stock Recommendation, Week Ended 8th April 2011 (272).
NSE Weekly Report - FSDH - April 8th 2011 (252).
NSE Weekly Report - IBTC - April 8th 2011 (246).
NSE Weekly Report - Lead Capital - April 8th 2011 (251)
</blockquote>
Reports for the week of April 1st:
<blockquote>
Afrinvest Weekly Market Update - April 1 2011 (237).
NSE Forthnightly Report - Afrinvest - April 1 2011 (350).
NSE Weekly Report - Lead Capital - April 1st 2011 (263)
</blockquote>
In the past 3 weeks, the banks have been releasing their results. Below are their statements, results, presentations and analysis of their results:
<blockquote>Access Bank:
Audited 2010 Results For Access Bank (432).
Diamond Bank:
Company Research - Afrinvest - Diamond Bank Plc Conference Call (473).
Company Research - Afrinvest - Diamond Bank Plc Q1 2011 Result (247).
Company Results - Diamond Bank Plc 2010 Press Release (255).
Company Results - Diamond Bank Plc 2010 Results Financials (243).
Company Results - Diamond Bank Plc FY2010 Result Financials (316).
Company Results - Diamond Bank Plc Q1 2011 Press Release (332).
Diamond Bank - FY 2010 and Q1 2011 Results - Investor Presentation (279).
Fidelity Bank:
Company Research - Afrinvest - Fidelity Bank Plc FY 2010 Result (306).
Fidelity Bank - FY2010 Results Investor Presentation (259).
Fidelity Bank FYE 2010 Press Release (241).
FCMB:
Company Results - FCMB Plc FY2010 Results Press Release (248).
FCMB Q4 2010 Analyst Presentation (308).
First Bank:
Company Research - Afrinvest - First Bank Plc FY 2010 Result (272).
First Bank o fNigeria Plc - Notice of Results and Conference Call Invitation (774).
First Bank of Nigeria - FY2010 Audited Results (371).
GT Bank:
GT Bank - FY 2010 Results Investor Presentation (278).
GTBank - FY 2010 Results (1386).
GTBank FY 2010 Result - Afrinvest - March 22nd 2011 (287).
Stanbic IBTC:
Stanbic IBTC FY2010 Audited Results (220).
Stanbic IBTC FY2010 Results - Investor Presentation (375).
Stanbic IBTC FY2010 Results Analysis (273).
Stanbic IBTC FY2010 Results Press Release (381).
Skye Bank:
Company Research - Afrinvest - Skye Bank Plc FY 2010 Result (293).
Skye Bank - FY2010 Results Investor Presentation (268).
Sterling Bank:
Company Research - Afrinvest - Sterling Bank Plc FY 2010 Result (239).
Sterling Bank - FY 2010 Results (228).
Zenith Bank:
Company Research - Afrinvest - Zenith Bank FY 2010 Earnings Update (288).
Zenith Bank - FY 2010 Abridged Financial Statements (229).
Zenith Bank FY2010 Group Results Presentation (207)</blockquote>
In: News|special reports
30 Mar 2011Courtesy of the NSE, Vetiva and Proshare, here are the reports on the performance of the Nigerian Stock Exchange for the month of February.
Monthly Economic Note - Vetiva Research - February 2011 (300).
Monthly NSE Report - Proshare - February 2011 (329).
NSE Summary for February 2011 (536)Here are the NSE Weekly Reports for the month of March. prepared by Afrinvest, FSDH, IBTC and Lead Capital.
In: News|weekly report
9 Feb 2011Courtesy of FSDH, Lead Capital, and Afrinvest, here are there reports on the activities at the NSE for the week ended February 4th, 2011.
In: CBN|News|special reports
26 Jan 2011The minutes from the just concluded meeting of the Central Bank’s monthly Monetary Policy Committee meeting has been released. The excerpts are below:
<blockquote>MPC Decisions
In the light of the above considerations, the Committee is committed to maintaining price stability by pursuing the current policy thrust of monetary tightening in view of the perceived inflation risks in the near term. The Committee took the decision to further tighten monetary policy. This was a decision taken by a majority of 11:1. The following measures were approved:
1. Raise the MPR by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect (a majority vote of 11:1);
2. Maintain the symmetric corridor of +/- 200 basis points by 7-5; 4 members voted for asymmetric corridor by 50 basis points increase in Standing Deposit Facility rate;
3. Raise the Cash Reserve Requirement (CRR) Ratio by 100 basis points from 1.00 per cent to 2.00 per cent with effect from February 1, 2011 with a majority vote of 11:1; and
4. With effect from March 1, 2011, raise the Liquidity Ratio (LR) by 500 basis points from 25.00 per cent to 30.00 per cent with a majority vote of 11:1.</blockquote>
And you can download the full minutes below.
Market notes:
The market resumed on a profit-taking note this week as the NSE All-Share Index cumulatively gained 419 bps.Participants, reacting to the disbursement disclosure by AMCON, scrambled for the available shares of rescued banks leading to cumulative gains in excess of 16.7% for Spring Bank, Afribank, FinBank and Oceanic Bank. Some mid-tier banks were also favoured this week, with Fidelity Bank, Sterling Bank and Stanbic IBTC bagging gains all week and recording cumulative appreciation of 11.1%, 11.4% and 15.8% respectively. Selling pressure however curbed the ascent of top –tier banks to marginal gains.
News on investments by Heineken in some breweries acted as a catalyst for the rally on NB. This and a combination of held back offers by sellers fuelled a frantic demand for the stock as it subsequently bagged a 10.0% gain at the close of the week. Demand for Guinness shares also remained strong this week, however illiquidity acted as a barrier to any price appreciation.
In line with the market trend, all companies in the building materials sector recorded price appreciations this week; Ashaka Cement inched up with a 5.2% gain, while CCNN and Lafarge WAPCO recorded gains of 6.0% and 4.2% respectively. Dangote Cement also inched up by 2.7% this week.
Below is the Official NSE 2010 Market Review and 2011 Outlook. Some points of note:
In: News|stock exchange
24 Dec 2010Courtesy of FSDH, Afrinvest, IBTC, and Lead Capital, here are the stats for the NSE for the week ended December 17th 2010:
<blockquote>+ The NSE All-Share Index closed flat this week.
+ Activities in the banking sub-sector were on the uptick this week, this translated to gains for GTBank, Zenith Bank and First Bank in excess of 3.0% apiece; however, the losers this week were made up mostly of low priced bank stocks, this was largely due to profit taking activities by the participants.
+ Thus, Intercontinental Bank led the losers chart in the sector with an11.0% decline, while Spring Bank, Fidelity Bank, Afribank and FinBank all shed above 6.0% apieceIn the breweries sector, Guinness recorded the lone gain of 1.8%, while NB shed 2.5% as International Breweries closed flat.
+ In the building materials sector; Dangote Cement and Lafarge Wapco shed marginal points, while Ashaka Cement and CCNN bagged above 8.0% each.
+ There was a lull in the food and beverages sector this week, however, the conversion announced by NBC inched up its price by 21.0%, while at the same time closing on robust bid. UTC, however, led the losers’ list in the sector with a 12.0% drop in price. Other stocks traded sideways in the sector this week.</blockquote>
In: News|weekly report
17 Dec 2010I know… I know… This is a week late.
Courtesy of Afrinvest, FSDH, IBTC, and Lead Capital, here are the stats for the NSE for the week ended December 10th, 2010:
+ The week under review was bearish, as the NSE All-Share Index lost 146 bps.
+ Despite the bearish activities experienced in the market throughout the week, the banking sub sector managed to record marginal appreciation, on the share prices of some stocks that traded actively during the week. The likes of Union Bank, Oceanic Bank, Ecobank and Intercontinental Bank recorded gains below 3.0%, while GTBank gained 6.3% to close the week. Top losers in the sector were Afribank, Finbank & Zenith Bank with losses of 12.2%, 12.1% and 7.5% respectively. Other losers included Ecobank, Skye Bank, Fidelity Bank, Diamond Bank and Unity Bank amongst others that lost between 1.0% and 6.4%.
+ In the breweries sector, Guinness recorded the lone gain of 1.8%, while NB shed 2.5% as International Breweries closed flat.
+ In the building materials sector, CCNN went southwards losing 3.9%, while Ashaka Cement lost 4.2%. Dangote Cement on the other hand recorded a marginal points gain.
In: News|weekly report
8 Dec 2010Courtesy of Lead Capital, FSDH, Afrinvest, and IBTC, here is the NSE report for the week ended December 3rd 2010:
· The NSE All-Share Index went up by 79 basis points, ending the week on a positive note despite the downward movement recorded in the index today.
· The banking sub-sector traded mostly sideways this week, however, Access Bank led the gainers’ list by 5.0%. Other gainers include Ecobank, GTBank, Sterling Bank and Afribank with gains between 2.7% and 3.3%. Skye Bank, Zenith Bank and UBA also recorded gains between 0.9% and 1.4%. On the flip side, the rescued banks topped the losers’ list in the sector. Unity Bank, Wema Bank, Union Bank and FinBank shed between 5.0% and 9.0%, largely due to profit taking activities by participants.
· The building materials sector experienced low trading activities throughout the week. It however picked up slightly on the last trading day. Ashaka Cement recorded an 8.8% uptick, followed closely by Dangote Cement with 2.0%. Lafarge Wapco also recorded a 1.2% gain. CCNN was however the lone loser in the sector, shedding 3.2% to close the week.
· All the three stocks that traded in the breweries sector recorded varied gains this week; Guinness, NB and International Breweries gathered gains in excess of 4.0%.
And here are the charts for the week’s performance:
<a href=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_stats1.bmp”><img title=”nse_stats” src=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_stats1.bmp” alt=”" /></a>
<a href=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_stats_more.bmp”><img title=”nse_stats_more” src=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_stats_more.bmp” alt=”" width=”482″ height=”532″ /></a>
And here are the results:
<a href=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_results.bmp”><img title=”nse_results” src=”http://www.naijalowa.com/wp-content/uploads/2010/12/nse_results.bmp” alt=”" width=”490″ height=”442″ /></a>
And here are the reports from the stockbrokers:
NSE Weekly Report - Afrinvest - Dec 3rd 2010 (156).
NSE Weekly Report - Afrinvest - Dec 3rd 2010 - Weekly Update (153).
NSE Weekly Report - FSDH - Dec 3rd 2010 (203).
NSE Weekly Report - IBTC - Dec 3rd 2010 (183).
NSE Weekly Report - Lead Capital - Dec 3rd 2010 (149)This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!