Friday 6 July 2012


Dear Afrinvestor,

Market Statistics (Thursday, 5th July, 2012)

Market Cap (N'bn)
   7,038.87

Market Cap (US$'bn)
       43.41

NSE All-Share Index
 22,049.30

Daily Performance %
0.54

1 Week Performance %
2.35

YTD Performance %
6.36

Daily Volume (Million)
      159.16

Daily Value (N'bn)
         1.50

Daily Value (US$'m)
         9.27




Dealer’s Perception

·         The NSE All-Share Index gained 54bps.

·         The rally on Dangote Flour continued today as demand for the stock racked up during proceedings; a hold back on offers culminated in a 4.9% mark-up for the stock. The demand for Nestle during the session also firmed up its price with a crossed deal at the top price of the day, leading to a 5.0% mark-up; closing sentiments for both companies could lead to further appreciation tomorrow.

·         Zenith Bank loosing 3.7% was the only decline in the banking sector today as it caved to supply pressure during the session. However, current bullish sentiments in the sector could make this short-lived with selling pressure on the stock possibly abating tomorrow. On the flip side, Access Bank and Stanbic IBTC consolidated on yesterday’s gains with gains in excess of 4.0% apiece; while Fidelity Bank and Sterling Bank rallied with gains of 4.8% and 4.2% respectively.


Company Announcement

·         Q1 2012 results released by Aiico Insurance Plc



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Investment Research

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