Wednesday, 18 July 2012

Dear Afrinvestor,

Market Statistics (Tuesday, 17th July, 2012)

Market Cap (N'bn)

Market Cap (US$'bn)

NSE All-Share Index

Daily Performance %

1 Week Performance %

YTD Performance %

Daily Volume (Million)

Daily Value (N'bn)

Daily Value (US$'m)

Dealer’s Perception

·         The NSE All-Share Index gained 27bps.

·         UBA continued to enjoy support today as it picked up maximum points at the close of the session; GTBank also rallied with a 1.7% mark-up, though N17.00 appeared to be a resistance level today, as participants were reluctant to bid significantly above this price; closing demand however remained strong and could tip it past the N17.00 point tomorrow.

·         In the breweries sector, NB remained upbeat today though booking marginal gains; strong demand indicates that this trend is likely to continue. Guinness however closed flat.

·         In other sectors, news of an acquisition of majority equity stake of Portland Paints by UACN, spurred buying sentiments, with healthy demand at limit up for the duration of trading. Offers were however scarce, resulting in no change to its current price. H1 results for Transcorp also translated to a 4.6% mark-up, with a surge in demand and closing sentiments that could lead to further gains tomorrow.

Company Announcement

·         UAC of Nigeria Plc notified the Exchange of its proposal to acquire a majority equity stake in Portland Paints & Products Nigeria Plc

·         Transcorp Plc released its H1 2012 results.

·         Tripple Gee Plc released its FY 2012 results.

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