BEST PERFORMING STOCKS ON REACTION TO EARNINGS

The average stock that has released its earnings this season has rallied 0.61 percent on its earnings reaction for five trading days following its report date for the full year earnings while stock has declined on the average of 0.06 percent on market reaction to first quarter earnings reported so far in the market.  Below are lists of stocks that have released Q4 and Q1 with their performance as per market reaction to their reports for the days under consideration. 

As revealed on the table, Nacho ranks first with a huge gain of 40.63 percent on its earnings report for five trading sessions, Vitafoam ranks second with a gain of 36.96 percent, followed by Learn Africa 28.57 percent, Total Nigeria Plc, Berger Paints and Trans-Nationwide.  It’s noticeable on the list that Total Nigeria is the only blue chip company among the top five. 

Top Performing Stocks on Earnings Released this Season
Securities	Released Date Q4	5-Days %	Securities	Released Date Q1	3-Days %
Nahco	3/27/2015	40.63	ETI	4/30/2015	11.04
Vitafoam	4/30/2015	36.96	Total Nigeria	5/4/2015	9.76
Leran Africa	3/31/2015	28.57	United Capital	4/14/2015	8.00
Total Nigeria	3/26/2015	25.01	Dangote Cement	4/30/2015	4.83
Berger Paints	3/31/2015	24.75	FBNH	4/24/2015	4.76
Trans-nationwide	3/26/2015	21.70	Beta Glass	4/28/2015	4.53
GSK	4/1/2015	21.51	Berger Paints	4/21/2015	4.39
Fidelity Bank	3/31/2015	20.35	Sterling Bank	4/20/2015	2.27
Dangote Cement	3/26/2015	20.25	UBA	4/14/2015	2.07
Unilever	3/26/2015	19.53	Africa Prudential	4/28/2015	1.79
Livestock Feeds	3/25/2015	16.98	Access Bank	4/17/2015	1.67
Fidson	3/26/2015	15.86	GTBank	4/15/2015	1.66
Zenith Bank	3/5/2015	14.47	Lafarge Africa	4/30/2015	1.08
GTBank	3/5/2015	13.48	Nestle Nigeria	4/30/2015	1.06
Sterling Bank	3/25/2015	8.72	Greif Nigeria	3/6/2015	0
Diamond Bank	3/30/2015	8.37	Transcorp Hotels	4/30/2015	0
Mobil Oil	3/24/2015	8.24	Julius Berger	4/30/2015	0
FcmB	3/23/2015	7.25	Livestock Feeds	4/24/2015	0
CCNN	3/31/2015	7.20	McNichols	4/30/2015	0
Caverton	3/27/2015	6.67	Infinity Trust	4/9/2015	0
UBA	3/26/2015	6.01	CAP	4/23/2015	0
Seplat	3/31/2015	5.53	MRS OIL	4/3/2015	0
Ashaka Cement	3/31/2015	4.95	BOC Gases	5/6/2015	0
CAP	3/30/2015	4.88	Chams	4/21/2015	0
Stanbic IBTC	3/31/2015	4.60	Transcorp	4/29/2015	0
FBNH	4/7/2015	3.15	UACN Property	5/5/2015	0
Nigeria Breweries	2/12/2015	2.60	Cornerstone Ins	4/28/2015	0
Cadbury	3/27/2015	1.96	Mobil Oil	4/29/2015	-0.02
UACN	4/2/2015	1.33	Seplat	4/28/2015	-0.29
Dangote Suagr	4/17/2015	1.11	Nigeria Breweries	4/23/2015	-0.65
Custidian&Allied	3/31/2015	0.25	Fidson	4/27/2015	-0.90
Greif Nigeria	3/4/2015	0	Custidian&Allied	4/27/2015	-0.97
Transcorp Hotels	3/16/2015	0	UACN	4/30/2015	-1.23
Julius Berger	3/24/2015	0	Fidelity Bank	4/27/2015	-1.58
McNichols	3/25/2015	0	GSK	4/30/2015	-1.82
Infinity Trust	3/31/2015	0	Forte Oil	4/16/2015	-2.08
MRS OIL	3/30/2015	0	Ashaka Cement	5/1/2015	-2.26
Beta Glass	4/1/2015	0	FcmB	4/26/2015	-2.37
BOC Gases	3/31/2015	0	Unilever	4/10/2015	-3.21
Chams	3/27/2015	0	Stanbic IBTC	4/16/2015	-3.33
ETI	4/20/2015	0	Diamond Bank	4/13/2015	-3.42
Cornerstone Ins	4/28/2014	0	Leran Africa	5/6/2015	-4.32
Nestle Nigeria	2/25/2015	-1.09	Nahco	4/30/2015	-4.55
Forte Oil	2/19/2015	-2.66	Caverton	4/28/2015	-4.76
Access Bank	3/13/2015	-4.59	Trans-nationwide	4/21/2015	-4.88
Lafarge Africa	3/13/2015	-4.91	Zenith Bank	4/20/2015	-4.96
Africa Prudential	3/10/2015	-8.33	Cadbury	4/28/2015	-5.00
Royal Exchange	4/30/2015	-9.09	CCNN	4/30/2015	-5.09
United Capital	3/12/2015	-9.30	Royal Exchange	5/4/2015	-9.09
UACN Property	4/7/2015	-9.42	Okomu Oil	4/1/2015	-9.65
Transcorp	4/7/2015	-9.43	Dangote Suagr	4/29/2015	-13.84
Okomu Oil	4/1/2015	-9.65	Vitafoam	NA