Dear Afrinvestor,

Market Statistics (Tuesday, 14^th August, 2012)

Market Cap (N'bn)	7,360.41
Market Cap (US$'bn)	46.46
NSE All-Share Index	23,125.32
Daily Performance %	(0.64)
1 Week Performance %	(1.14)
YTD Performance %	11.55
Daily Volume (Million)	206.95
Daily Value (N'bn)	1.35
Daily Value (US$'m)	8.53

Dealer’s Perception

·         The NSE All-Share Index dropped by 64bps.

·         The banking sector remained bearish today with more losses than gains. The gainers in the sector today were Fidelity Bank, Diamond Bank and Zenith Bank, with demand outweighing offers, this trend could continue tomorrow. On the other hand, profit taking trimmed off over 4.0% from Union Bank, while speculators seeking to exit positions could lead to further losses in coming sessions.

·         Crossed deals at the close of the session trimmed off 2.2% from Dangote Cement, however, sentiments remained skewed to the sell side and could lead to further losses tomorrow. Ashaka Cement, Lafarge Wapco and CCNN were however skewed to the buy side, with CCNN closing the session with a 4.9% mark-up.

·         PZ Cussons and A.G. Leventis recovered from yesterday’s losses picking up 1.8% and 4.6% respectively. Transcorp however lost a further 1.0%, but closing sentiments could see this trend change tomorrow.

Company Announcement

·         Airline Services and Logistics Plc released its H1 2012 results