Friday, 7 September 2012

Dear Afrinvestor,

Market Statistics (Thursday, 6th September, 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 84bps.

·         Initial surge in the price of GTBank was an incentive for some participants to exit positions, curbing the day’s gain to a 1.4% mark-up. Union Bank however recorded a 4.9% gain with closing sentiments suggesting a possible continuation of this trend tomorrow. Fidelity Bank, First Bank and Zenith Bank were also up-beat with institutional purchases leading to 5.0%, 2.3% and 3.9% appreciation at the close of proceedings.

·         Activities in the Food and Beverages sector mirrored sentiments in the market; Cadbury, Dangote Sugar had healthy demand that led to a 5.0% appreciation for both companies. Honeywell Flour also advanced with a 4.9% gain. On the other hand, Nascon and UTC were sent south losing 3.1% and 4.6% respectively.

·         The petroleum marketing sector was however quiet with most companies in the sector closing flat; Oando was up slightly by 0.3%, while Eterna Oil lost 2.2%.

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