Dear
Afrinvestor,
Market
Statistics (Friday, 31st August, 2012)
Market
Cap (N'bn)
|
7,560.06
|
|
|
Market
Cap (US$'bn)
|
47.80
|
|
|
NSE
All-Share Index
|
23,750.82
|
|
|
Daily
Performance %
|
0.20
|
|
|
1
Week Performance %
|
1.50
|
|
|
YTD
Performance %
|
14.57
|
|
|
Daily
Volume (Million)
|
313.79
|
|
|
Daily
Value (N'bn)
|
2.45
|
|
|
Daily
Value (US$'m)
|
15.49
|
|
Dealer’s
Perception
·
The
NSE All-Share Index was up by 20bps.
·
Selling
pressure trimmed off a further 0.8% from GTBank; while Access Bank, Zenith Bank, Skye Bank and First Bank did not
fare better dropping 1.3%, 0.8%, 0.7% and 0.6% respectively. Sterling Bank however
rallied with a 4.0% gain as demand at N1.05 created a support during the
session.
·
Crossed
deals at N123.00 set the tone for trades in NB today, though closing flat bids
went as high as N123.68, as sellers held back on offers in anticipation of
future appreciation. Guinness hovered
around N252.00 and picked up 0.2% at the close of the session, while closing trades
cleared available supplies of International Breweries, firming
the price up 5.0%.
·
Cadbury was the
toast of the food and beverages sector as it gradually inched up to close at
N17.85, booking a 5.0% gain; closing demand could lead to further appreciation
in coming sessions. Dangote
Sugar
on the rebound also picked 3.0%; on the other hand, Nascon, Dangote Flour and UTC lost 1.5%,
1.8% and 3.9% respectively.
Weekly
Trading Summary
·
The
market was upbeat this week as the NSE All-Share Index advanced by 150bps.
·
The
banking sector was in line with market trend this week as Zenith Bank was the
only company to record a loss at the close of the week; it dropped 0.6%. An
initial surge in the price of GTBank withstood the selling pressure of
the last two trading sessions of the week as it recorded a 1.5% week on week
gain, also on the up-tick this week were Fidelity Bank, UBA and Stanbic IBTC.
·
The
building materials sector was also in line with market sentiments this week as Lafarge Wapco, Dangote
Cement,
CCNN and Ashaka Cement all rallied
during the week; the conglomerates sector however had more losses than gains
this week. Growing demand for UACN led to a 4.8% mark-up while Unilever was up by
0.2%. Transcorp, AG Leventis and PZ Cussons however
went south this week.
Company
Announcement
·
Cadbury
Nigeria Plc released its H1 2012 results.
·
Chams
Plc released its H1 2012 results.
·
John
Holt Plc released its Q3 2012 results.
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