Friday, 20 July 2012

Dear Afrinvestor,

Market Statistics (Friday, 20th 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

·         Selling pressure was the bane of the banking sector today with only three gainers at the close of the session. Union Bank, Fidelity Bank and Stanbic-IBTC rallied with gains of 4.9%, 2.3% and 1.0% respectively. On the other hand, selling pressure trimmed off over 3.0% from UBA, Access Bank, GTBank and Diamond Bank.

·         Dangote Cement recovered from yesterday’s bearish sentiments as it picked up 1.3% at the close of the session; Lafarge Wapco also inched up 2.3% on the back of healthy demand and a dearth of offers. Ashaka Cement and CCNN however recorded no change at the close of the session.

·         Dangote Sugar consolidated on previous gains with a further 4.9% mark-up, while Honeywell Flour also rallied with a 4.7% gain. On the flip side, Dangote Flour lost 2.9%, while Nestle and Nascon shed less than 1.0% apiece.

Weekly Trading Summary

·         The euphoria of H1 results continued into sessions early this week; however, profit taking by mid week trimmed off some of the gains recorded. GTBank, First Bank, Stanbic IBTC, Zenith Bank and Fidelity Bank all recorded cumulative gains this week while Access Bank, UBA and Diamond Bank recorded losses.

·         In other sectors, both Guinness and NB were favourites this week, both booking gains of 5.0%  and 5.4% cumulatively at the close of the week. Speculative activities drove up the price of A.G Leventis with a 14.3% mark-up at the close of the week while Transcorp, UACN and Unilever also rallied with gains in excess of 4.0% this week.

1 comment:

  1. Guess if the Dealer's perception would be the same as ed butowsky chapwood's.