Tuesday, 15 January 2013


Dear Afrinvestor,

Market Statistics (Tuesday,15th January, 2013)

Market Cap (N'bn)
   9,494.55


Market Cap (US$'bn)
       60.47


NSE All-Share Index
 29,686.94


Daily Performance %
1.29


1 Week Performance %
2.52


YTD Performance %
5.73


Daily Volume (Million)
      822.69


Daily Value (N'bn)
         5.07


Daily Value (US$'m)
       32.28





Dealer’s Perception

·         The NSE All share index gained 129 bps today.

·         Activities in the banking sector were skewed to the buy side with most companies in the sector recording gains and UBN diverging with a 1.1% loss. UBA was the top gainer however the surge also spurred profit taking activities and could limit appreciation tomorrow. Diamond Bank, Sterling Bank and Fidelity Bank also booked over 7.0% at the close of the session.

·         The breweries sector was also on the up-tick; NB recovered from yesterday’s loss with a 1.6% mark-up closing demand would likely provide support in coming sessions. Guinness also recorded a slim 6 kobo mark-up while International Breweries recorded no change.

·         Transcorp consolidated on previous gains with a further 2.7% mark-up, A.G. Leventis and UACN also closed on the up-tick with gains of 4.9% and 0.9%. On the flip side Johnholt and Unilever lost 4.6% and 2.2%.

Monday, 14 January 2013


Dear Afrinvestor,

Market Statistics (Monday,14th January, 2013)

Market Cap (N'bn)
   9,373.90


Market Cap (US$'bn)
       59.92


NSE All-Share Index
 29,309.69


Daily Performance %
0.37


1 Week Performance %
0.76


YTD Performance %
4.38


Daily Volume (Million)
      474.11


Daily Value (N'bn)
         3.52


Daily Value (US$'m)
       22.47





Dealer’s Perception

·         The NSE All share index gained 37 bps today.

·         The week started off on a positive note in the banking sector, with mid-tier banks at the fore; Fidelity Bank booked a 4.0% mark-up on the back of growing demand. FCMB, UBN and Sterling Bank also picked up 2.8%, 2.7% and 2.3% apiece. Top-tier banks however recorded slimmer gains as buyers appeared cautious and unwilling to bid significantly above current levels.

·         The building materials sector was in line with current sentiments, though recording no change at the close of the session, Dangote Cement was skewed to the buy side. Ashaka Cement, Lafarge Wapco and CCNN however recorded gains of 0.1%, 2.8% and 4.9% respectively.

·         The food and beverages sector was split evenly between the gainers and losers today, while Dangote Flour, Nascon and Dangote Sugar headed south with losses of 0.9%, 1.0% and 1.4%.  Honeywell Flour, Cadbury and Flourmills closed on the up-tick with gains of 2.7%, 2.4% and 0.9% respectively.

Thursday, 3 January 2013


Dear Afrinvestor,

Market Statistics (Wednesday,2nd January, 2013)

Market Cap (N'bn)
   9,109.46


Market Cap (US$'bn)
       58.32


NSE All-Share Index
 28,501.21


Daily Performance %
1.50


1 Week Performance %
2.75


YTD Performance %
37.48


Daily Volume (Million)
      175.99


Daily Value (N'bn)
         1.88


Daily Value (US$'m)
       12.05





Dealer’s Perception

·         The NSE All-Share Index gained 150bps today.

·         Demand for stocks in the banking sector led to gains for most companies in the sector, Zenith Bank and Wema Bank were the only companies divergent to the bullish trend in the sector today, posting losses of 0.5% and 1.9%. Mid-tier banks however were top-gainers with Skye Bank, FCMB and Diamond Bank picking up points in excess of 9.0% apiece..

·         The food and beverages sector was also on the up-tick today recording no losses at the close of the session. Dangote Sugar recorded the largest gain in the sector, up by 7.1%. Nascon and UTC also picked up 4.8% and 4.0% respectively while Dangote Flour and Honeywell recorded slimmer gains.

·         Ashaka Cement and CCNN both closed on the up-tick today with appreciation of 2.5% and 0.9% respectively. Lafarge Wapco however lost 1.7% while Dangote cement was flat..

Tuesday, 18 December 2012


Dear Afrinvestor,

Market Statistics (Tuesday,18th December, 2012)

Market Cap (N'bn)
   8,767.01


Market Cap (US$'bn)
       55.51


NSE All-Share Index
 27,437.75


Daily Performance %
(0.20)


1 Week Performance %
1.43


YTD Performance %
32.35


Daily Volume (Million)
      255.80


Daily Value (N'bn)
         2.72


Daily Value (US$'m)
       17.22





Dealer’s Perception

·         The NSE All-Share Index lost 20bps today.

·         The dip in FBN Holdings yesterday led to a surge in demand and a corresponding appreciation of 1.6%, closing sentiments suggests that this trend could continue tomorrow. Also on the up-tick were Stanbic IBTC Holding, Union Bank and Zenith Bank. GTBank was sent tumbling during the session with a 3.8% loss while UBA also dropped 1.1%

·         Last minute purchases curbed the loss suffered by NB during the session, re-entries tomorrow could also  prevent further losses. International Breweries however consolidated on previous gains with a further 5.6% mark-up, while Guinness recorded no change.

·         Dangote Cement was skewed to the buy side today, though recording no change at the close of the session. On the other hand, Lafarge Wapco and CCNN were skewed to the sell side with losses of 3.2% and 1.8% apiece.

Friday, 14 December 2012


Dear Afrinvestor,

Market Statistics (Friday, 14th December, 2012)

Market Cap (N'bn)
   8,846.18

Market Cap (US$'bn)
       56.06

NSE All-Share Index
 27,685.54

Daily Performance %
0.08

1 Week Performance %
3.80

YTD Performance %
33.55

Daily Volume (Million)
      228.64

Daily Value (N'bn)
         2.09

Daily Value (US$'m)
       13.26




Dealer’s Perception

·         The NSE All-Share Index gained 8bps today.

·         The banking sector was split evenly between gainers and losers, with recoveries by Skye Bank and Zenith Bank during proceedings. However GTBank and UBA lost points during the session dropping 6.3% and 1.8% respectively. FBN Holding and Access Bank also headed south with losses of 0.6% and 0.5%.

·         Transcorp was the lone gainer in the conglomerates sector today, with a 4.6% mark-up and closing sentiments that could lift the price further early next week. On the other hand, UACN and PZ Cussons headed south with a downward review of prices by buyers.

·         The petroleum marketing sector was also on the up-tick today, Oando rallied at the close of the session with a clearance of available offers leading to maximum gains. Eterna OIl and Forte Oil also recorded gains of 1.0% and 0.2%.



Weekly Trading Summary

·         The NSE All-Share Index gained 380bps this week.

·         Bullish sentiments held sway for the better part of the week in the banking sector; UBA and Access Bank were the only companies that dropped points this week. Fidelity Bank was up 10.5% with healthy demand during daily sessions, Sterling Bank and GTBank also recorded 7.0% and 6.2% cumulative gains this week, while FBN Holding and Zenith Bank recorded slimmer gains.

·         The breweries sector had a good showing this week with insatiable demand for NB leading to a 14.9% mark-up closing at N165.00 with sentiments likely to firm it up further next week. Guinness also picked up 9.9% while International Breweries inched up slightly. 

·         The food and beverages sector was in line with market trend, Nestle surged with a 7.5% gain though the current spike spurred some participants to exit at the close of the week. 7up, Nascon , Cadbury and Dangote Sugar were also on the up-tick with gains ranging from 1.0% to 10.0%.


Company Announcements

·         Prestige Assurance released its Q1 2013 forecast result.

·         Total Nigeria Plc released its Q1 2013 forecast result.

·         Berger Paints Nigeria Plc released its Q1 2013 forecast result.

·         7 UP Bottling Company released its Q4 2013 forecast result.

·         Presco Plc released its Q1 2013 forecast result.

·         Okomu oil Plc released its Q1 2013 forecast result.

·         Continental Reinsurance plc released its Q1 2013 forecast result


Dear Afrinvestor,

Market Statistics (Thursday,13th December, 2012)

Market Cap (N'bn)
   8,839.14


Market Cap (US$'bn)
       56.09


NSE All-Share Index
 27,663.51


Daily Performance %
0.54


1 Week Performance %
4.21


YTD Performance %
33.44


Daily Volume (Million)
      464.23


Daily Value (N'bn)
         3.73


Daily Value (US$'m)
       23.65





Dealer’s Perception

·         The NSE All-Share Index gained 54bps today.

·         The rally in the market was boosted by NB as it picked 5.8% to close at N162.00, closing demand will probably support this trend tomorrow. Guinness also closed on the up-tick with a 4.0% mark-up; however N260.00 appears to be its current peak with participants unwilling to bid above this price.

·         In the banking sector, the bullish run of previous sessions led to sell offs during the day’s proceeding resulting in losses for FBN Holding and Zenith Bank. Diamond Bank and Skye Bank were not spared either as they lost 3.9% and 6.3% apiece. On the other hand GTBank and UBA closed on the up-tick picking up slim gains of 1.8% and 0.6%

·         A 0.2% drop in Dangote Cement could not dampen the optimism in the market, while Ashaka cement also trended lower with a 0.6% loss. CCNN and Lafarge Wapco on the other hand were in line with market sentiments inching up 4.9% and 0.6% respectively.


Company Announcements

·         Diamond bank Plc released its Q1 2013 forecast result.

·         GlaxoSmithKline consumer Nigeria Plc released its Q1 2013 forecast result.