Monday, 27 August 2012

Dear Afrinvestor,

Market Statistics (Monday, 27th 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 Index was up by 39bps.

·         The banking sector started off on a strong note this week with only one company recording a loss; Access Bank shed less than 1.0% and closing offers suggest it could continue tomorrow. On the up-tick, top-tier banks were up slightly, booking points that ranged between 0.1% and 1.9%. Union Bank however topped the gainers list with a 4.8% mark-up.

·         Institutional trades led to a surge in the price of NB, finishing the session with a 1.6% mark-up, as it hovered around the upper N121.00 mark; healthy demand could propel it further in coming sessions. Guinness and International Breweries however recorded no change at the close of the session.

·         In other sectors, Eterna oil, RT Briscoe, DN Meyer, Berger Paints and Air Services and Logistics were the toast of the market, recording gains of over 4.0% apiece.

Company Announcement

·         Prestige Assurance Plc released its H1 2012 results.

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