Dear Afrinvestor,

Market Statistics (Monday, 30^th July, 2012)

Market Cap (N'bn)		7,416.71
Market Cap (US$'bn)		46.15
NSE All-Share Index		23,302.22
Daily Performance %		0.04
1 Week Performance %		(0.34)
YTD Performance %		12.40
Daily Volume (Million)		149.63
Daily Value (N'bn)		1.31
Daily Value (US$'m)		8.16

Dealer’s Perception

·         The week started off on a slow note with the NSE All-Share Index picking up 4bps.

·         Union Bank and Diamond Bank were the top gainers in the banking sector, booking 5.0% and 3.7% apiece. FCMB also rallied with a 2.8% mark-up; GTBank however lost points towards the close of the session as it reverted to N17.10, booking a 0.5% gain after an initial surge had lifted the price to N17.21. Demand at the lower N17.00 level however remains strong and should provide support at this level tomorrow.

·         Demand for A.G. Leventis led to a 4.8% mark-up. PZ Cussons also had a good outing, booking a 1.0% gain; fairly matched offers and demand could however stall further appreciation tomorrow. On the flip side, Transcorp dropped 2.9% with closing sentiments skewed to the sell side; it could lose more points tomorrow.

·         The food and beverages sector went to the bears with more losses than gains; Nascon, Cadbury, Dangote Sugar and Flour Mill headed south with losses ranging from 0.5% to 2.0%.

Company Announcement

·         EcoBank Transnational Incorporated Plc released its H1 2012 results.

·         First City Monument Bank Plc released its H1 2012 results

·         PS Mandrides Plc released its full year 2011 results.