Dear Afrinvestor,

Market Statistics (Thursday, 6^th September, 2012)

Market Cap (N'bn)		7,818.65
Market Cap (US$'bn)		49.49
NSE All-Share Index		24,563.22
Daily Performance %		0.84
1 Week Performance %		3.62
YTD Performance %		18.49
Daily Volume (Million)		286.36
Daily Value (N'bn)		2.66
Daily Value (US$'m)		16.84

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%.