Market Summary:
+ The NSE All-Share Index cumulatively lost 151bps this week.
+ Activities in the banking sector picked up during the week, without any significant price appreciation across board. A few rescued banks rallied with gains this week; Unity Bank topped the gainers’ list with a 20.0% gain, while Wema Bank, Diamond Bank, Skye Bank, Intercontinental Bank, Union Bank and Sterling Bank recorded points in excess of 2.0% apiece. On the flip side, Spring Bank, Ecobank and Bank PHB all lost in excess of 13.0%. The market may begin to show slow positive recovery from the present trend in the coming sessions.
+ In the building materials sector, Dangote Cement and CCNN were sent tumbling at the end of this week, shedding points in excess of 1.0% apiece, while Lafarge Wapco and Ashaka Cement were divergent to the market trend with gains of 1.1% and 3.5% respectively.

NSE Weekly Report - Afrinvest - June 10th 2011 (143).
NSE Weekly Report - Afrinvest - June 17th 2011 (148).
NSE Weekly Report - Afrinvest Weekly Update - June 17th 2011 (155).
NSE Weekly Report - FSDH - June 17th 2011 (156).
NSE Weekly Report - Lead Capital - June 17th 2011 (140)

Also below are the weekly reports for the weeks ended June 10th and 3rd.
June 3rd:
NSE Weekly Report - FSDH - June 3rd 2011 (173).
NSE Weekly Report - Afrinvest - 3rd June 2011 (151).
NSE Weekly Report - IBTC - 3rd June 2011 (168).
NSE Weekly Report - Lead Capital - June 3rd 2011 (133).

June 10th:
NSE Weekly Report - Afrinvest - June 10th 2011 (144).
NSE Weekly Report - FSDH - June 10th 2011 (141).
NSE Weekly Report - Lead Capital - June 10th 2011 (136).
NSE Weekly Report - IBTC - 10th June 2011 (130)

Summary for the week:

- 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.

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)

And here are the reports for previous weeks as well.
Reports for the week of April 8th:

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)

Reports for the week of April 1st:

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)

Week ended March 25th 2011:

Weekly NSE Report - Lead Capital - March 25th 2011 (209).

Weekly NSE Report - Lead Capital - March 25th 2011 (240).

Week ended March 18th 2011:

Afrinvest Nigeria Update Issue 071 (293).

Afrinvest Weekly Market Summary & Stock Recommendations, Week Ended 18th March 2011 (182).

Weekly NSE Report - FSDH - March 18th 2011 (206).

Week ended March 11th:

Afrinvest Weekly Market Summary & Stock Recommendations, Week Ended 11th March 2011 (196).

Afrinvest Weekly Stock Market Report - March 11th 2011 (181).

Weekly NSE Report - FSDH - March 11th 2011 (223).

Week ended March 4th:

Afrinvest Forthnightly Report - March 4th 2011 (243).

Afrinvest Weekly Market Summary & Stock Recommendations, Week Ended 4th March 2011 (207).

Afrinvest Weekly Stock Market Report - March 4th 2011 (178).

-  The market caved into bearish sentiments mid-week however a spike on Friday curbed the downward trend, as the NSE All-Share Index subsequently lost 39bps closing at 24,978.70.
-  Profit taking in the banking sector sent most mid-tier banks tumbling this week, Access Bank, FCMB, Stanbic IBTC and Skye Bank all shed points ranging from 0.2% to 8.0%, top-tier banks were not spared either, however, bullish sentiments on Friday had most of the top-tier banks recording varied gains; First Bank and GTBank inched up with gains of 2.9% and 3.4%respectively, while UBA and Zenith Bank both gained marginal points. The rally on Oceanic Bank remained strong all week resulting in a 25.5% gain. Sentiments in the market indicate that the rally could continue into mid-next week before profit taking starts.
-  The food and beverages sector went to the bears this week. Profit taking trimmed off less than 1.0% from Dangote Flour while Dangote Sugar shed 1.2%, Cadbury also lost 12.1%. On the flip side Honeywell Flour and 7up bagged gains of 7.5% and 5.0% respectively.
-  In the same vein bearish sentiments trimmed off 1.4% an 2.8% from International Breweries and Guinness this week, while NB lost marginal points.

Top Gainers:

Top Losers:

Most Traded:

Least Traded:

And here are the reports:

IBTC - Weekly NSE Report - July 16th 2010 (60).

FSDH - Weekly NSE Report - July 16th 2010 (92).

Week Ended July 9th 2010:

Here are the stockbrokers’ reports from FSDH and IBTC Asset Management for the week ended July 9th 2010:

IBTC - NSE Report - July 9th 2010 (61).

And for the week ended July 2nd 2010:

Here are the stockbrokers’ reports from IBTC and FSDH for the period ended July 2nd 2010:

IBTC - NSE Report - July 2nd 2010 (64).

You can download the NSE reports from Afrinvest, FSDH and IBTC below:

FSDH - Weekly NSE Report - May 28 2010 (105).

IBTC - Weekly NSE Report - May 28 2010 (98).

FSDH Weekly Nigerian Money and Capital Market Report - February 25 2010 (104).

Meristem - NSE Report - Feb 25th 2010 (105).

FSDH Weekly Report - Feb 19th 2010 (230).

Meristem Weekly Report - Feb 19th 2010 (222).

FSDH-NSE Report - Feb 5th 2010 (155).
Meristem-NSE Report - Feb 5th 2010 (170).
IBTC - Weekly NSE Report - Feb 5th 2010 (126)

Here are the top gainers:

And here are the top losers:

NSE ASI Index closes in the negative borders.
The NSE ASI recorded 14 basis points decline at the end of the review period to close at 22,030.18.

A turnover of 2.35 billion shares worth N11.8 billion in 160,784 deals was recorded this week, in contrast to a total of 2.2 billion shares valued at N12.8 billion exchanged last week in 34,511 deals. The Banking subsector was the most active during the week (measured by turnover volume), with 1.11 billion shares worth N7.9 billion exchanged by investors in 17,452 deals. Volume in the Banking subsector was largely driven by activity in the shares of Zenith Bank Plc, Finbank Plc and Fidelity Bank Plc. Trading in the shares of the three Banks accounted for 552.13 million shares, representing 49.6% of the subsector’s turnover. The Insurance subsector, boosted by activity in the shares of Unity Kapital Assurance Plc and Guaranty Trust Assurance Plc, followed on the week’s activity chart with a turnover of 412.1 million shares valued at N613.94 million in 1,756 deals. Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector

Mixed sentiments recorded on the floor of the Nigerian Stock Exchange saw Fifty- Eight (58) stocks appreciate in price during the week, higher than the fifty-two (52) of the preceding week. Cadbury Nigeria Plc led on the gainers’ table with a gain of 26.63% to close at N15.50 per share while Spring bank Nigeria Plc followed with 23.68% to close at N0.94 per share. On the flip side, Forty-Seven (47) stocks depreciated in price during the week, lower than the forty-eight (48) of the preceding week. Goldlink Insurance Plc led on the price losers’ table, dropping by 20% to close at N0.56 per share while Crusader Nig Plc followed with a loss of 16.78% to close at N1.19per share.

Two equity prices were adjusted for dividend payment as recommended by the Board of Directors. IHS Nigeria Plc was adjusted for dividend of N0.05 per share. Fidson Healthcare Plc was adjusted for dividend of N0.22 per share. Supplementary Listings A total of 2,028,347,543 shares were added to the shares outstanding in the name of Cadbury Nigeria Plc on Wednesday, January 20th 2010 following the conclusion of the right Issue. Also, a total of 348,027,267 shares were added to the shares outstanding in the name of Custodian and Allied Insurance Plc on Wednesday, January 20th 2010 following the conversion of US$8 million of the US$10 million Unsecured Variable Coupon Redeemable Convertible Loan Stock. The balance of US$2 million would remain as loan stock.