Monday, 9 July 2012

Dear Afrinvestor,

Market Statistics (Monday, 9th 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 advanced 36bps today.

·         Demand for Dangote Flour did not weaken during the day’s session, as bids at the highest price of the day continued to grow, leading to a 4.9% mark-up with a possibility of further gains in coming sessions this week; 7up also closed on the up-tick with a 5.0% mark-up. On the flip side, Nestle dropped a few points, as bullish sentiments appeared to cool slightly today; also heading south was Cadbury with a 0.8% drop.

·         Bullish sentiments were skewed to mid-tier and low priced stocks in the banking sector; Stanbic IBTC led the gainers list in the sector with a 4.8% mark-up. Sterling Bank, Union Bank and Skye Bank also closed on the up-tick, recording gains of 4.3%, 3.7% and 2.4% respectively. On the other hand, First Bank, Zenith Bank and UBA shed about 1.0% apiece with fairly matched demand and supply.

·         A last minute sell off trimmed 0.2% from Unilever at the close of the session; however, demand at N31.00 and below, is likely to prevent a further slide tomorrow; also in the conglomerates sector, A.G. Leventis consolidated on previous gains with a 4.1% mark-up.

Company Announcement

·         FY 2010 results released by Nigerian Wire and Cable Plc

Please click on the image below to view the Nigeria Daily Stock Market Report.
Daily Report.jpg
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