Dear Afrinvestor,

Market Statistics (Wednesday, 1^st August, 2012)

Market Cap (N'bn)	7,425.34
Market Cap (US$'bn)	46.17
NSE All-Share Index	23,329.34
Daily Performance %	1.16
1 Week Performance %	0.86
YTD Performance %	12.54
Daily Volume (Million)	421.35
Daily Value (N'bn)	1.74
Daily Value (US$'m)	10.84

Dealer’s Perception

·         The market was on a rebound today as the NSE All-Share Index  picked up 116bps.

·         Top tier banks were favourites in the banking sector with Zenith Bank leading the pack, recording a 3.9% mark-up, as demand surged during the session. UBA and First Bank followed closely booking 2.1% and 1.7% respectively. GTBank however hit resistance at N17.40 and inched up with less than 1.0%.

·         Dangote Cement rallied today, inching up 3.5% as current price appeared to spur demand; also on the up-tick in the sector was Ashaka Cement with a 0.2% gain. On the flip side, CCNN shed full points while Lafarge Wapco lost less than 1.0%. Demand for Lafarge Wapco however remains strong and could revert this loss tomorrow.

·         Fringe players Portland Paints, Livestock Feeds, DN Meyer and R.T. Briscoe were on the up-tick today, booking gains in excess of 4.0% apiece.

Company Announcement

·         PZ Cussons Plc proposed a final dividend of N0.43k

·         Dangote Sugar Plc released its H1 2012 results

·         Seven-up Bottling Company Plc released its Q1 2012 results

·         Mobil Oil Nigeria Plc released its H1 2012 results

·         GlaxoSmithKline Consumer Nigeria Plc released its H1 2012 results

·         UACN Property Development Company Plc released its H1 2012 results

·         Japaul Oil & Maritime Plc released its H1 2012 results

·         Chemical & Allied Products Plc released its H1 2012 results

·         DN Meyer Plc released its H1 2012 results

·         Regency Alliance Insurance Plc released its H1 2012 results

·         Paints and Coatings Manufacturers Nigeria Plc released its H1 2012 results