Stanbic IBTC's research expertise is at the core of the value proposition offered to clients and is an integral component of the product offerings of Stanbic Bank Plc. Stanbic IBTC Analysts provide insightful, objective and decisive research that is designed to enable clients to make informed investment decisions.
A Weekly Newsletter
Last Updated 01 March 2010 Download PDF
Stanbic IBTC Market Watch
01 March 2010
The Secondary Market
The market capitalisation of the 199 first-tier equities closed lower (see table). Some 27,756 deals were recorded last week – 19% down on the previous week.
As illustrated in Chart 3, the banking sector maintained its lead over other sectors last week (measured by the volume of shares traded), with a turnover of 0.8 billion shares worth N6.5 billion, and exchanged by investors in 14,155 deals. The sector’s volume and value represent 54% and 66%, respectively, of the NSE’s transactions for the week.
We expect a slight upswing in the market by the end of this week — a reversal of the market trend in the last week of February.
Valuations continue to support long positions in the real and financial sectors and we thus expect a marginal climb in the ASI. However, given the level of political uncertainty in the country, we do not believe that institutional investors will come into the market with full force.Full Story.
