Friday, 10 August 2012

Dear Afrinvestor,

Market Statistics (Friday, 10th August, 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  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.

No comments:

Post a Comment