Archive for the ‘weekly report’ Category

The National Bureau of Statistics (NBS) recently released the Revised GDP for 2011 and estimates for 2012. The executive summary is below:

Courtesy of Afrinvest and FSH, here are the performance stats and reports for the NSE for the past week.

Courtesy of FSDH, here are the statistics from the NSE from the week ended April 13th 2012:

Courtesy of Afrinvest, FSDH Securities, IBTC, Access Bank and Lead Capital here are the weekly reports for the week ended October 14th as well as the reports for the past month.

<blockquote>Equity Market Review & Outlook
+ The Nigerian equity market closed the week in bearish territory, despite a marginal rally on the last trading day. Consequently, the  benchmark Index shed 176bps, while the average value of transactions for the week rose by 45.2%, relative to the previous week.
+ We expect equity market activities to remain flat this week as attractive rates in money and fixed income markets will lure investors from this market, despite anticipation that the release of results this week will boost the level of activities.

Money Market Review & Outlook
+  A hike in the MPR last week led to corresponding hikes in money market rates across board. A dearth of liquidity within the system saw rates skyrocket during the week, with slight moderation on Friday as proceeds from AMCON bond sales to the tune of N450.0bn were credited into the system.
+ We expect a decline in system liquidity this week on the back of an upcoming bond auction. Interbank rates should adjust upward by the end of the week, as liquidity within the system eases out.

Foreign Exchange Market Review & Outlook
+ Demand for the Dollar at the official market stood at US$1.3bn, 93.8% higher than the US$685.4m on demand at the single auction in the previous week. The CBN’s offer of US$400.0m at Monday’s auction was 45.7% short of the US$736.9m on demand, depreciating the Naira by 151k to close at N156.91/US$1.00.
+ We expect to see a slight depreciation in the Naira this week at the official market, with an appreciation at the interbank segment. We also expect the CBN to help ease supply gaps for the Greenback at the interbank, in a bid to limit the growing premium between markets.

Bond Market Review & Outlook
+ The 275bps hike in the MPR to 12.0% last week saw yields in the bond market adjust upwards by at least 300bps apiece on all securities at the end of the week. Although inflation for September came in at 10.3%, 100bps above the 9.3% reported for August 2011, these instruments will continue to generate real returns for investors based on current yields.
+ Despite an inflow of N450.0bn from the sale of AMCON bonds by certain banks late last week, liquidity is expected to tighten slightly this week on account of T-bills and bond auctions. This may lead to a further increase in yields, albeit marginally.</blockquote>

Afrinvest Weekly Update - 14th October 2011 (485).
NSE Weekly Report - FSDH - October 14th 2011 (508).
NSE Weekly Report - IBTC - October 14th 2011 (539).

Week Ended October 7th:
Afrinvest Weekly Update 7th October 2011 (445).
NSE Weekly Report - FSDH - October 7th 2011 (456)

Week Ended September 30th:
NSE Weekly Report - Access Bank - Sept 30th 2011 (494).
NSE Weekly Report - FSDH - Sept 30th (457).
NSE Weekly Report - Lead Capital - Sept 30th (425).
NSE Weekly Report - Lead Capital - Sept 30th 2011 (427)

Week Ended September 23rd:
Afrinvest Weekly Update 23rd September 2011 (442).
NSE Weekly Report - Access Bank - Sept 23rd 2011 (449).
NSE Weekly Report - FSDH - Sept 23rd 2011 (457).
NSE Weekly Report - Lead Capital - Sept 23rd 2011 (457)

Courtesy of Afrinvest, Stanbic IBTC, FSDH, Lead Capital, here is the summary of the NSE activities for the week ended September 16th 2011:

- The NSE All-Share Index inched up by 1 basis point this week.
- Bearish sentiments in the banking sector were skewed mainly to top-tier banks this week. Unrelenting sell side pressure during the week sent First Bank to its lowest value in 12 months, closing at N10.00 on Thursday. The stock also generated interest from bargain hunters, curbing the cumulative loss to a 2.4% drop. GTBank similarly had a volatile week, though re-entries also curbed its loss to a 1.9% dip. On the flip side, bullish sentiments resulted in a 16.0% cumulative gain for Unity Bank, while UBA and Ecobank also closed the week with cumulative gains of 3.8% and 5.5% respectively.
- Sentiments were mixed in the breweries sector this week, with NB recording a 9.2% mark-up in price, as strong demand for the stock was sustained throughout the week. On the other hand, Guinness lost 3.5% finding support at the N220.00 price band.
- The food and beverages sector went to the bears this week, with only two companies recording gains in the sector. Nascon and 7-Up inched up with gains of 7.0% and 0.3% respectively, while bearish sentiments shaved off points ranging from 2.1% to 15.2% in Dangote Flour, Dangote Sugar, Cadbury and Honeywell Flour.

Morning…

Here is the summary of the Nigerian Stock Exchange for the week ended August 5th 2011 (reports and summary for the last week will be posted soon).

+ The NSE All-Share Index lost 180 bps cumulatively this week.
+ Bearish sentiments were prevalent in the banking sector this week depleting previous gains recorded. Participants however appeared to favour Oceanic Bank on the back of merger news with ETI and speculative trades led to a 19.8% cumulative gain for the stock this week. On the flip side, rescued banks Unity Bank, Afribank and Intercontinental Bank recorded losses ranging from 11.6% to 18.6%.
+ Marginal gains was recorded by two companies in the building materials sector this week, institutional purchases during the week took Ashaka Cement into positive territory with a 2.3% gain, while a hold back on offers and subsequent upward review of Lafarge Wapco prices also led to a 1.1% mark-up. Dangote Cement was quiet during the week with average daily volumes of about 100,000 units and price hovering between N118.00-N120.00.
+ In the breweries sector, bullish sentiments during the week firmed up the prices of Guinness and NB, they however also attracted investors seeking to exit positions. They both bagged cumulative gains in excess of 3.0% at the close of the week.

And here are the stats:

Here are the NSE reports  (from Afrinvest, FSDH, IBTC, and Lead Capital) for the week ended August 5th 2011.

NSE Weekly - Afrinvest - August 5th 2011 (428).

NSE Weekly Report - FSDH - August 5th 2011 (500).

NSE Weekly Report - FSDH - August 5th 2011 (397).

NSE Weekly - IBTC - August 5th 2011 (395).

NSE Weekly Update - Afrinvest - August 5th 2011 (410)

Here are the reports for the week ended July 29th 2011:

NSE Weekly Report - FSDH - July 29th 2011 (451).

NSE Weekly Report - IBTC - July 29th 2011 (496)

Here are the reports for the week ended July 22nd 2011:

NSE Weekly Report - Afrinvest - July 22nd 2011 (402).

NSE Weekly Report - FSDH - July 22nd 2011 (414).

NSE Weekly Report - Lead Capital - July 22nd 2011 (382)

Courtesy of FSDH, Afrinvest, and Lead Capital, here are the NSE reports and stats for the week ended July 15th 2011:

  1. The market moved southwards this week, with a cumulative loss of 197 bps.
  2. Incessant selling at the bourse continued with no respite throughout the week, leading to losses across board.
  3. The likes of Stanbic IBTC, Intercontinental Bank and Wema Bank however recorded varied gains in the banking sector this week, as the top-tier banks shed varied points. This trend may reverse in the coming week as buyers are likely to key in at the current low prices.
  4. In the breweries sector, a last day price appreciation in NB led to a 4.6% gain, while Guinness succumbed to bearish pressure, shedding marginal points.
  5. Companies in the food and beverages were not spared from the bearish trend prevalent in the market, as the sector failed to record any gain this week. Thus, Flour Mills, NNFM, Dangote Sugar, Nascon and Cadbury all shed points in excess of 3.0% apiece, while other stocks in the sector remained unchanged.

Below is the summary of the NSE for the week of July 8th.

- The NSE All-Share Index cumulatively shed 157bps at the end of this week.
- Bearish sentiments continued to dominate proceedings on the bourse this week despite the marginal appreciation recorded towards the end of the week. Some stocks in the banking sector however recorded marginal gains, with the likes of Stanbic IBTC, Diamond Bank, FinBank and Unity Bank bagging varied points. On the other hand, Wema Bank, Union Bank and Afribank shed points in excess of 11.0% apiece. The sector is likely to trade around this level in coming sessions; there is however a possibility that activities from new entrants could reverse this trend.
- In the food and beverages sector, NBC and Cadbury recorded marginal gains this week. On the flip side, NNFM, Honeywell Flour, Nascon, Dangote Flour and Flour Mills went southwards, shedding points between 1.3% and 11.5%. Other stocks in the sector traded sideways. A dearth of new and positive information may lead to a continuation of the trend witnessed in the sector last week in the near term.
- Japaul Oil was divergent to the market trend this week, with a 3.8% gain.

And here are the reports from FSDH, Afrinvest, and Lead Capital for the weeks ending July 1st and 8th:

July 8th:

Afrinvest Weekly Market Update July 8 2011 (412).

NSE Weekly Report - FSDH - July 8th 2011 (440).

NSE Weekly Report - Lead Capital - July 8th 2011 (399).

Afrinvest Weekly Update 8th July 2011 (428)

July 1st:

Afrinvest Weekly Market Update July 1 2011 (390).

Afrinvest Weekly Update 1st July 2011 (413).

NSE Weekly Report - FSDH - July 1 2011 (493).

NSE Weekly Report - Lead Capital - July 1st 2011 (414)

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 (628).

NSE Weekly Report - Afrinvest - May 20th 2011 (446).

NSE Weekly Report - IBTC - May 20th 2011 (490).

NSE Weekly Report - Lead Capital - May 20th 2011 (408)

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 (428).

Afrinvest Weekly Update 13th May 2011 (443).

NSE Weekly Report - IBTC - May 13th 2011 (467).

NSE Weekly Report - Lead Capital - May 13th 2011 (435).

NSE Weekly Report - FSDH - May 13th 2011 (450)

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 (443).

Afrinvest Nigeria Update Issue - May 6th 2011 (629).

NSE Weekly Report - IBTC - May 6th 2011 (537).

NSE Weekly Report - FSDH - May 6th 2011 (465).</blockquote>

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:
<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 (552).
NSE Weekly Report - Afrinvest - April 15th 2011 (517).
NSE Weekly Report - IBTC - April 15th 2011 (589).
NSE Weekly Report - Lead Capital - April 15th 2011 (516)
</blockquote>

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 (528).
NSE Weekly Report - FSDH - April 8th 2011 (493).
NSE Weekly Report - IBTC - April 8th 2011 (499).
NSE Weekly Report - Lead Capital - April 8th 2011 (541)
</blockquote>

Reports for the week of April 1st:
<blockquote>
Afrinvest Weekly Market Update - April 1 2011 (491).
NSE Forthnightly Report - Afrinvest - April 1 2011 (699).
NSE Weekly Report - Lead Capital - April 1st 2011 (528)
</blockquote>


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