Dear Afrinvestor,

Market Statistics (Wednesday, 8^th August, 2012)

Market Cap (N'bn)		7,373.54
Market Cap (US$'bn)		46.00
NSE All-Share Index		23,166.58
Daily Performance %		(0.96)
1 Week Performance %		(0.70)
YTD Performance %		11.75
Daily Volume (Million)		190.36
Daily Value (N'bn)		1.59
Daily Value (US$'m)		9.95

Dealer’s Perception

·         The NSE All-Share Index dipped by a further 96bps today.

·         The banking sector fared better during the day’s proceedings with sentiments skewed to the buy side for most companies in the sector. GTBank held steady at N17.70 with fairly matched demand and supply. UBA reversed yesterday’s loss with a 3.4% mark-up, while First Bank inched up marginally with demand outweighing offers at the close of the session.

·         Dangote Cement caved to supply pressure during the session losing 3.8%; CCNN also went south with a 4.8% loss. However, Ashaka Cement and Lafarge Wapco recorded no change at the close of the session, though re-entries at current levels for Lafarge Wapco during trading suggests a switch in sentiments that could lead to future price appreciation

·         Bearish sentiments trimmed off a further 0.4% from Unilever, while PZ  Cussons also lost 3.9% at the close of the session. UACN was the lone gainer in the conglomerates sector inching up 1.8% at the close of the session.

Company Announcement

·         Aiico Insurance Plc released its H1 2012 results.

·         Portland Paints released its H1 2012 results.

·         Pharma Deko Plc released its H1 2012 results.