Dear Sirs,

MARKET SUMMARY FOR THE WEEK ENDED 20 JUNE 2014

The All Share index moved southward from 45 to 41,129 during the week. Thus the week
recorded a loss of 0.93%.
Major gainers for the week included; Oando, MRS and Caverton Offshore Support
The best 3 major indexes that are driving force for some of the positive gains:
1. NSE Oil & Gas 14.95%
2. NSE Insurance 1.68%
3. NSE Industrial Goods 0.2%
Other details are as contained in the Nigeria Stock exchange weekly report.

SOME FUNDAMENTAL DATA
This week, the financials for the major insurance companies on the exchange were reviewed as
follows:
Follows:
PARAMETERS Access FBNH FCMB GTB STANBIC STERLING UBA
Loan Loss (6.7) 8.67 9.67 1.71 3.35 22.65 7.34
Net Margin 28.72 21.62 18.79 46.27 23.97 14.09 24.21
ROE 15.79 14.5 11.61 27.48 22.33 15.01 18.84
Capital
Adequacy %
19.03 17.73 17.50 21.85 20.90 14.04 24.94
Earnings
Growth
(0.70) (1.41) 5.82 1.32 121.30 4.0 (19.31)
Current Price
9.80 15.39 4.25 28.83 25.80 2.42 8.00
Source: www.Capitalcube.com
Comment: Most of the banks have experienced fairly good price movements, but the recent
downturn in the market affected most of the market leaders. I am targeting Sterling bank, the
earnings growth put the bank as 3
rd
best, and the effect of additional capital raised would be
felt in the 2014 result.
Explanation of Parameters: Available to subscribers only.

TECHNICAL CHART/QUARTERLY FINANCIAL FOR STOCK IN VIEW- STERLING BANK PLC
Looking at the chart below, buying at this point seems to have very low risk. Recently there was
a gap in price around NGN2.34. 1
st
target is around 2.78, stop loss support is below 2.34


Chart from: market.ft.com

PRICE TARGET: Next Target price-

IMPORTANT INVESTMENT LESSON
NEVER BUY AT THE BOTOM, SELL TOO SOON
Details for paid subscribers only.




STOCKS GOOD FOR PURCHASE

STOCK/CURRENT
PRICE
BUY TIMING REASON TARGET PRICE STOP/EXIT
Sterling Bank Now Gap in Price 2.78 2.19
For Subscribers
only
For Subscribers only For Subscribers
only
For Subscribers
only
For Subscribers
only
For Subscribers
only
For Subscribers only For Subscribers
only
For Subscribers
only
For Subscribers
only
For Subscribers
only
For Subscribers only For Subscribers
only
For Subscribers
only
For Subscribers
only
NAHCO If price is above 5.03 Favourable risk
Reward Ratio
6.38 3.70




STOCKS GOOD FOR SELLING
STOCK/CURRENT
PRICE
REASON
For Subscribers
only
Downtrend
Courtville Downtrend
For Subscribers
only
Downtrend

SELLECTED INDICATOR LEVELS
Our indicator levels for the week are given below for some stocks. Looking at these levels is
necessary as it may assist in making your decision whether to stay, get in or get out of the
stock.

SHARES CURRENT
PRICE
NEAREST
TOP
NEXT
HIGHER
TOP
1
ST

SUPPORT
2
ND
LOWER
SUPPORT
REMARKS
Afriprud 3.20 3.84 5.32 3.18 2.72
Conoil 66.60 68.88 96.44 42.05 29.38
FO 250.01 309.57 345.15 195.56 158.99
Japaul 0.56 0.62 0.69 0.59 0.50
Nahco 4.80 6.36 7.15 3.70 --------



Thanks.
Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for
any loss suffered as a result of following this recommendation All data used are assumed
to be correct, but you may need to verify some of the figures independently.

If you are interested in subscribing to our newsletter, you can send a request to
2002yok@gmail.com.
This newsletter will give you automatic buy/sell signals. Our analysis are improving all the time,
with a newsletter like this, you are likely to avoid significant loses that will make life miserable
or hunt you for a long time as experienced in the 2007 market meltdown.
Explanation of Terms:
Support: Price at which on can start thinking of buying, if price stays above the support level.
This is like saying get set to buy. It is a forecast buying Zone. If price is below support, this is a
likely selling point.
Resistance/Target Price: Price at which you should think of selling/taking some profit or
exercise caution in buying at this price. Resistance can easily become a support point once
price refuse to fall below this point. Example was Nestle at NGN1,000 per share. Initially, the
price seems high but for some months the price of the stock has not fallen below this price,
thus it this is like a support level.

Contact:+2348023054935,
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Newsletter-009-17-August-2013
Loss Recovery Graph