Dear Afrinvestor,

Market Statistics (Monday, 23^rd July, 2012)

Market Cap (N'bn)	7,440.36
Market Cap (US$'bn)	46.18
NSE All-Share Index	23,381.05
Daily Performance %	1.24
1 Week Performance %	1.75
YTD Performance %	12.79
Daily Volume (Million)	443.15
Daily Value (N'bn)	2.15
Daily Value (US$'m)	13.32

Dealer’s Perception

·         . The NSE All-Share Index gained 124bps at the close of the session, on the back of gains recorded in the building materials sector.

·         Dangote Cement recorded maximum gains at the close of the day; it was however the lone gainer in the sector, as early cross deals at N43.50 trimmed off 2.3% from Lafarge Wapco; it could recover tomorrow if demand continues to outweigh available offers as in previous sessions. Also heading south were Ashaka Cement and CCNN, both losing 1.8% and 4.9% respectively.

·         The banking sector was split evenly between gainers and losers; UBA found support early in the session as it rallied to close at N4.29 bagging 2.6%, while Diamond Bank also inched up 2.6%. On the flip side, FCMB, Access Bank and Sterling Bank caved to selling pressure with over 4.0% shaved from their respective prices.

·         In other sectors, Conoil and Dangote Sugar consolidated on previous gains with gains in excess of 4.0% apiece. Portland Paint also recorded a 4.8% mark-up, closing with unsatisfied demands at the highest price of the day.

Company Announcement

·         Union Bank released its H1 2012 results.