Dear Afrinvestor,
Market Statistics
(Friday, 10th August, 2012)
Market
Cap (N'bn)
|
7,396.60
|
|
|
Market
Cap (US$'bn)
|
46.64
|
|
|
NSE
All-Share Index
|
23,239.03
|
|
|
Daily
Performance %
|
0.26
|
|
|
1
Week Performance %
|
(1.21)
|
|
|
YTD
Performance %
|
12.10
|
|
|
Daily
Volume (Million)
|
192.69
|
|
|
Daily
Value (N'bn)
|
1.52
|
|
|
Daily
Value (US$'m)
|
9.59
|
|
Dealer’s Perception
·
The
NSE All share was up 26bps.
·
The
banking sector was skewed to the sell side today with more losers than gainers.
Most top-tier banks hovered around current levels; Zenith Bank and GTBank closed at N15.00 and
N17.70 respectively, recording no change at the close of the session; while First Bank inched up with a less than
1.0% mark-up. UBA however caved to supply
pressure that trimmed off 4.4% from its price.
·
Last
minute purchases firmed up Mobil's price bagging a 3.1% mark-up at the close of
the session; Eterna
Oil also
consolidated on previous gains with a further 4.7% gain. On the flip side, Oando lost 1.0% with closing
sentiments that could lead to further losses early next week.
·
In
the food and beverages sector, Dangote Sugar was sent south, dropping over 4.0%. On the up-tick however
were Flourmills, UTC, Nascon and Honeywell Flour with gains ranging from
0.5% to 4.0%.
Weekly Trading
Summary
·
Growing
demand for Union
Bank during
the week led to a 10.7% mark-up at the close of the week; it was divergent to
the lackluster performance of other stocks in the sector this week, with buyers
demonstrating caution and leading to mild gains for most stocks in the sector.
Four companies however suffered varied losses this week with Stanbic IBTC leading the pack and
dropping 4.6%. Skye
Bank, UBA and Sterling Bank were not spared either,
with losses of 2.4%, 2.3% and 0.9% respectively.
·
In
the breweries sector, a dearth of offers saw Guinness holding steady at N242.20; however, sentiments
were skewed to the buy side during the week. In the same vein, International Breweries had a good week closing at
N6.35 a 7.1% mark up from last week. NB on the other hand went south as it shed 2.7%.
·
The
building materials sector went fully to the bears this week as Ashaka Cement and Dangote Cement recorded losses of 3.0%
apiece while CCNN and Lafarge Wapco lost 1.6% and 1.2%
respectively.
Company Announcement
·
National
Salt Company of Nigeria Plc released its H1 2012
·
SCOA
Plc released its H1 2012 results.
·
Tripple
Gee & Company released its Q1 2012 results.
·
Austin
Laz released its Q1 2012 results.
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