Dear Afrinvestor,

Market Statistics (Monday, 16^th July, 2012)

Market Cap (N'bn)	7,335.39
Market Cap (US$'bn)	45.39
NSE All-Share Index	22,978.14
Daily Performance %	1.04
1 Week Performance %	3.55
YTD Performance %	10.84
Daily Volume (Million)	270.49
Daily Value (N'bn)	1.35
Daily Value (US$'m)	8.34

Dealer’s Perception

·         The week started off on a positive note as the NSE All-Share Index gained 104bps.

·         UBA rallied mid-way into today’s session, with re-entries leading to a 4.6% mark-up and closing demand suggesting a continuation of this trend tomorrow. Zenith Bank and Fidelity Bank were also on the up-tick, bagging 4.2% and 4.6% respectively. On the flip side, Diamond Bank shed a further 2.4% and Union Bank lost 5.0%.

·         In the building materials sector, demand for Lafarge Wapco during the session firmed up its price as it inched up 3.6%, recording the only gain in the sector. Dangote Cement, Ashaka Cement and CCNN however hovered around previous levels, recording no change at the close of the session.

·         The petroleum marketing sector was also upbeat as Conoil, Eterna Oil and Forte Oil bagged gains in excess of 4.0% apiece; Oando also inched up slightly while others in sector recorded no change.

Company Announcement

·         Skye Bank released its H1 2012 results.