Dear Afrinvestor,

Market Statistics (Monday, 7th April, 2012)

Market Cap (N'bn)	7,198.40
Market Cap (US$'bn)	45.75
NSE All-Share Index	22,571.78
Daily Performance %	(0.42)
1 Week Performance %	2.39
YTD Performance %	8.88
Daily Volume (Million)	746.42
Daily Value (N'bn)	6.07
Daily Value (US$'m)	38.59

Dealer’s Perception

·         The NSE All-Share Index shed 42bps.

·         The banking sector closed with fairly matched gains and losses as profit taking and panic sales curbed the rally on First Bank and Access Bank both closing with gains of 0.8% and 3.2% respectively; this trend could continue tomorrow. Selling pressure also shaved off 2.0% and 4.1% from GTBank and Zenith Bank, with demand at the close of the session suggesting that prices could dip further tomorrow as sentiments were skewed to the sell side.

·         In the petroleum marketing sector, profit taking also curbed the rally on Oando as it closed at N17.51 a 0.6% mark-up from Friday’s price, closing sentiments were also skewed to the sell side. Eternal Oil on the other hand, bagged a 4.7% price appreciation while other stocks in the sector closed flat.

·         In other sectors, demand for International Breweries led to 5.0% mark-up, also on the up-tick were fringe players Redstar Express and Ikeja Hotels with gains in excess of 4.0% apiece.

Company Announcements

·         Q1 2012 results released by Capital Hotel Plc

·         Q1 2012 results released by Oasis Insurance Plc

·         Q1 2012 results released by First Aluminum Nigeria Plc

·         FY 2011 results released by Omatek Ventures Plc

Please click on the image below to view the Nigeria Daily Stock Market Report.

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Kind regards,

Investment Research