Dear Afrinvestor,

Market Statistics (Wednesday, 11^th July, 2012)

Market Cap (N'bn)	7,104.12
Market Cap (US$'bn)	44.12
NSE All-Share Index	22,253.71
Daily Performance %	0.60
1 Week Performance %	1.47
YTD Performance %	7.35
Daily Volume (Million)	392.80
Daily Value (N'bn)	3.05
Daily Value (US$'m)	18.94

Dealer’s Perception

·         The NSE All-Share Index advanced by 60bps.

·     Q2 results boosted activities in the banking sector, as buyers responded to impressive earnings by select banks. Subsequently, UBA and Diamond Bank recorded gains of 4.9% and 4.8% respectively, while Zenith Bank also bagged maximum points at the close of the session. GTBank and First Bank however continued to hover around current support levels.

·     CCNN caved to supply pressure as it lost full points with closing sentiments that could lead to further losses tomorrow. Ashaka Cement also shed less than 1.0%, though bids and offers were fairly matched at close of the session. Dangote Cement and Lafarge Wapco however recorded no change trading less than 100,000 units each in spite of robust demand for both stocks.

·    Profit taking shaved off a further 4.9% from Dangote Flour today; also heading south in the food and beverages sector were Cadbury, Flour Mills and Nascon.

Company Announcement

·         HY 2012 results released by Diamond Bank Plc

·         FY 2011 results released by Unity Kapital Assurance Plc