Tuesday, 7 August 2012

Dear Afrinvestor,

Market Statistics (Monday, 6th 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 All share index lost 44bps at the close of the day’s session.

·         Top-tier banks UBA, Zenith Bank and GTBank all inched up marginally at the close of the session as demand outweighed offers during the session. First Bank was however divergent to the trend, as it caved to supply pressure which trimmed off 2.5% from its price; also heading south was Stanbic IBTC with institutional sales trimming off 2.3% and weak closing demand which could lead to further losses tomorrow.

·         NB was also in line with market sentiments dropping 2.7% and closing with more offers than demand. On the other hand, Guinness held steady at current levels and International Breweries bagged 4.9% with closing demand suggesting the possibility of further gains tomorrow.

·         The building materials sector was quiet today; Dangote Cement and CCNN traded less than 100,000 units, though sentiments were skewed to the sell side for both companies. Ashaka Cement lost 2.3%; however closing demand outweighed offers and could lead to a reversal of this loss tomorrow.

Company Announcement

·         Conoil Plc released its H1 2012 results.

·         Continental Reinsurance Plc released its H1 2012 results

·         Nigeria Aviation handling Company Plc released its H1 2012 results.

·         Studio Press Plc released its H1 2012 results.

·         Consolidated Hallmark Insurance Plc released its H1 2012 results.

·         Aluminum Extrusion Plc released its H1 2012 results.

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