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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 Update 8th July 2011 (289)
July 1st:NSE Weekly Report - Lead Capital - July 1st 2011 (299)
Here are the NSE stats for the week ended Feb 25th 2010:
Here are the monthly reports and stock market analysis from Zenith Securities and Afrinvest.
Meristem Securities has also prepared an analysis of the banking and insurance stocks.
Here are the weekly reports from FSDH, Forte Assets and stock picks from Lead Capital:
According to Business Day, the 3 companies, Greenwich Trust Limited, Vetiva Capital Management Limited and Chapel Hill Denham Group have been selected by the SEC to stabilize the markets. Here is the report by Business Day: http://www.proshareng.com/myproshare/portal_news.php?id=5339 Capital market makers emerge The dwindling fortunes of the nation’s capital market are expected to experience improvement as [...]
Courtesy of UBA Capital, Afrinvest, Lead Capital, CSL Securities, here is the detailed analysis of the Nigerian Stock Exchange for the week ended Friday, August 29th
These graphs will better explain the significant drop in the NSE index:
SEC, NSE, CBN, others review margin trading Apparently worried by the continuous drop in share prices of quoted companies on the Nigerian Stock Exchange (NSE), the Securities and Exchange Commission (SEC) has constituted a committee charged with the responsibility of working out modalities for investing with margin funds by stockbroking firms and investors. The committee, [...]
STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 2ND MAY 2008 A turnover of 2.63 billion shares worth N47.6 billion in 66,373 deals was recorded this week, in contrast to a total of 2.6 billion shares valued at N48.3 billion exchanged last week in 80,499 deals. The Stock Market opened for four days as Thursday [...]
There has been some discussion on whether a stock market crash is imminent. Meristem Securities has prepared a wonderful paper on this topic. It’s conclusion is that there are no signs to point to an imminent stock market crash.
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