Get all the latest information on businesses and companies in Nigerian Stock Exchange.
I apologize for not posting anything in over 5 months now.
Henceforth, you can expect regular posts on the website. I will be posting reports for the Nigerian Stock Exchange for the previous week on Mondays. Economic updates will be posted on Wednesdays and company results for the week will be posted on Fridays.
Courtesy of FSDH Securities, here are the results released in the weeks of July 18th – 22nd, July 25th – 29th and August 1st – 5th:
Courtesy 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 (317).
Courtesy of FSDH, Lead Capital, IBTC, and Afrinvest, here are the weekly NSE reports for the week ended Friday, November 26th 2010:
+ Most of the stocks of the rescued banks were bullish during today’s trading session, as participants continued to review their prices upward until they peaked at the maximum prices for the day. Oceanic Bank bagged maximum points, while other rescued banks gathered points in excess of 4.0% apiece. Zenith Bank and First Bank managed to record marginal points, while some stocks in the sector failed to delight participants; subsequently the likes of GTBank and UBA shed 1.1% and 1.3% respectively.
+ In the food and beverages sector, Dangote Sugar, Nascon, Nestle and Dangote Flour recorded gains ranging from 0.4% to 2.1%. Other stocks in the sector traded sideways.
+ The building and materials sector ended the week on a quiet note as participants were unwilling to review their prices upward. Ashaka Cement, despite the lull in the sector, recorded a 1.3% gain. Other stocks that traded in the sector remained unchanged.
Find below, a summary of the activities for the week ended today:
+ There was a lull in market activity this week, as the NSE All-Share Index shed 140bps cumulatively.
+ Profit taking shaved off varied points from the rescued banks’ stocks; Finbank, Intercontinental Bank, Wema Bank and Oceanic Bank all shed between 10.5% to 14.0%. However, the rescued bank stocks began rallying today and traded at the highest end of the market while closing with robust bids. GTBank and UBA also shed 2.8% and 6.4% respectively. On the flip side, Skye Bank, Ecobank, Spring Bank, Afribank and Fidelity Bank all gained points between 1.6% and 5.3%. No gains were recorded by the top tier banks this week.
+ Most stocks in the building materials sector traded sideways; however Lafarge Wapco gained 1.3%, while Ashaka Cement recorded a marginal loss.
+ In the breweries sector, all three traded stocks lost varied points; as institutional sales suppressed the share prices of NB, Guinness and International Breweries with losses of 1.2%, 9.6% and 13.6% respectively.
Below is the Monthly Economic News and Views presentation given by B.J Belgore for October 2010. As usual, it is a very very detailed and informative presentation. You will do well to read the entire thing.LBS Executive Breakfast Session - October 2010 (488)
As usual, Vetiva Capital has prepared some very informative reports – September Monthly Economic Note, Economic and Financial Review for 2010 and Analysis of the Banking Sector.
I encourage you to take time to read of these reports. From the report on the banking sector, they broke down the banks into the following tiers:
The September 2010 Monthly Economic Note provides very valuable information on the major economic news so far in the month of September. And the 2010 Economic Review is one of the most detailed analysis of the Nigerian economy that I have come across this year.
Courtesy of IBTC Asset Management, Lead Capital, FSDH Securities, here are the reports for the last 3 weeks:
Week Ended September 10th:NSE Report - Lead Capital - Sept 10th 2010 (290)
Week Ended September 17th:NSE Report - Lead Capital - Sept 17th 2010 (261)
Week Ended September 24th:
Here is the August edition of Vanguard Newspaper’s Sweet Crude magazine:
Below is the NSE Market Report for the week ended June 12th 2009:
SW8 is now the main investor in Wema Bank. Here is the report from Bloomberg:
Below are the weekly stock market reports from Investor Delight, Forte Asset, and FSDH. The company analyses of Flour Mills, Guiness, and Stanbic are also below:
The Tribune Newspapers had a rather instructive piece in Monday’s papers about the banks planning mergers. Read below:
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!