Tuesday, 31 July 2012

Dear Afrinvestor,

Market Statistics (Monday, 31st 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  lost 103bps.

·         The banks were split evenly between the gainers and losers at the close of the day’s session. On the up-tick were UBA, Union Bank, Sterling Bank, GTBank and First Bank. On the flip side, Zenith Bank lost less than 1%, while FCMB caved to selling pressure that trimmed full points from its share price. Closing sentiments suggests that this trend could continue tomorrow.

·         Impressive H1 numbers announced by LafargeWapco during the session led to a 4.7% mark-up at the close of the session, robust demand could lead to further gains tomorrow. On the contrary, Dangote Cement was skewed to the sell side and last minute purchases were insufficient to stem the slide as it dropped full points to close at N114. Ashaka Cement inched up 1.8%, while CCNN recorded no change.

Company Announcements

·         PZ Cussons Plc released its FY 2012 results.

·         Lafarge Wapco Plc released its H1 2012 results.

·         Okumu Oil Plc released its H1 2012 results.

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