Dear Afrinvestor,

Market Statistics (Thursday, 12^th July, 2012)

Market Cap (N'bn)	7,180.50
Market Cap (US$'bn)	44.27
NSE All-Share Index	22,492.96
Daily Performance %	1.08
1 Week Performance %	2.01
YTD Performance %	8.50
Daily Volume (Million)	254.00
Daily Value (N'bn)	1.62
Daily Value (US$'m)	10.01

Dealer’s Perception

·         The NSE All-Share Index 108bps

·         The banking sector remained upbeat as participants continued to react to Q2 numbers. UBA and Diamond Bank consolidated on previous gains with a further 4.9% and 3.7% mark-up respectively; profit taking could however trim these gains tomorrow.  On the flip side, GTBank, Access Bank and Zenith Bank all shed points ranging between 0.1% and 1.4%.

·         Dangote Flour continued its free fall losing a further 1.2% today, while Flour Mills and Honeywell Flour also caved to supply pressure that trimmed off 3.1% and 5.0% from both their prices. On the other hand, Dangote Sugar rallied with a 5.0% gain while Nascon and Cadbury also booked 4.3% and 0.3% respectively.

·         In the conglomerates sector, Unilever lost 1.5%, closing at N31.50. However, demand for the stock remains strong and should prevent a further slide tomorrow, on the up-tick were Transcorp, A.G.Leventis and PZ Cussons.