Monday 9 July 2012


Dear Afrinvestor,

Market Statistics (Monday, 9th July, 2012)

Market Cap (N'bn)
   7,084.15

Market Cap (US$'bn)
       44.03

NSE All-Share Index
 22,191.14

Daily Performance %
0.36

1 Week Performance %
2.87

YTD Performance %
7.05

Daily Volume (Million)
      136.81

Daily Value (N'bn)
         1.67

Daily Value (US$'m)
       10.37




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


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Investment Research

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