Wednesday, 18 July 2012

Dear Afrinvestor,

Market Statistics (Wednesday, 18th 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 by 103bps.

·         The rally in the banking sector continued today as GTBank broke the N17.00 threshold with growing demand that led to a 2.4% mark-up and closing at N17.40, the highest price this year. Zenith Bank and First Bank also headed north, closing at N15.23 and N12.17 respectively; this trend could continue as investors await H1 results of these banks.

·         The conglomerates sector was upbeat today, with no losses recorded in the sector. UACN, A.G. Leventis and Transcorp all closed on the up-tick, bagging gains in excess of 4.0% apiece; Unilever also gained 1.6% with closing demands suggesting it could hover at this level tomorrow.

·          Positive response trailed FY results announced by Conoil, with clearance of available offers leading to maximum gains. Oando also gained 1.5% while others in the sector recorded no change.

Company Announcement

·         Conoil Plc released its FY 2011 results.

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