Dear Afrinvestor,

Market Statistics (Wednesday, 25^th July, 2012)

Market Cap (N'bn)		7,360.42
Market Cap (US$'bn)		46.41
NSE All-Share Index		23,129.82
Daily Performance %		(0.17)
1 Week Performance %		(0.63)
YTD Performance %		11.57
Daily Volume (Million)		420.53
Daily Value (N'bn)		2.97
Daily Value (US$'m)		18.72

Dealer’s Perception

·         The NSE All-Share Index lost a further 17bps as selling pressure continued unabated during the day’s proceeding.

·         UBA swung back into positive territory with demand at N4.25 creating support during the session, subsequently bagging 2.1%; also on the up-tick were Stanbic IBTC, Fidelity Bank and Diamond Bank. First Bank struggled with offers at N12.00, picking slim points at the close of the session. Investors appeared indifferent to H1 numbers announced by Zenith Bank as it lost 0.1%; GTBank dropped 0.2% though robust demand at N17.00 is likely to keep it steady at current levels tomorrow.

·         NB recorded a 0.9% mark-up, with buyers reviewing their prices downwards from N119.00 after the announcement of H1 results; Guinness also inched up slightly, with a 0.4% mark-up. On the flip side, International Breweries lost 4.8% at the close of the session.

·          The conglomerate sector was skewed to the sell side today as UACN and Transcorp both lost 4.2% and 0.9% respectively. PZ Cussons was the lone gainer in the sector recording a 0.7% gain.

Company Announcement

·         Zenith Bank Plc released its H1 2012 results

·         Nigerian Breweries Plc released its H1 results

·         Nestle Plc released its H1 results

·         Stanbic IBTC Plc released its H1 results