Dear Afrinvestor,
Market Statistics
(Friday, 14th September, 2012)
Market
Cap (N'bn)
|
8,065.80
|
|
|
Market
Cap (US$'bn)
|
51.24
|
|
|
NSE
All-Share Index
|
25,337.18
|
|
|
Daily
Performance %
|
0.75
|
|
|
1
Week Performance %
|
4.02
|
|
|
YTD
Performance %
|
22.22
|
|
|
Daily
Volume (Million)
|
423.75
|
|
|
Daily
Value (N'bn)
|
2.97
|
|
|
Daily
Value (US$'m)
|
18.86
|
|
Dealer’s Perception
·
The
NSE All-Share Index advanced a further 75bps.
·
Participants’
seeking to lock gains trimmed off 3.1% from Access Bank today; the bullish drive for UBA also eased a bit, as it
recorded a 1.5% mark-up; demand for Union Bank however remained strong leading to maximum points
gain while Fidelity
Bank and Diamond Bank also recorded 4.6% and
4.8% mark-up respectively.
·
The
Food and Beverages was split evenly between gainers and losers today as Flour Mills, Nascon, Cadbury closed on the up-tick, Dangote Flour, Dangote Sugar and Honeywell Flour were sent south with
losses ranging from 2.2% to 2.6%.
·
The
Conglomerates sector was however up-beat; the rally on Transcorp continued today, picking
up 4.7% while UACN closed with a 5.0%
mark-up. AG
Leventis and PZ Cussons also recorded slim gains.
Weekly Trading
Summary
·
A
predominantly bullish week with pockets of profit taking led to the All-Share
Index crossing over the 25,000 mark
·
Low
priced stocks were top-gainers in the banking sector this week as Sterling Bank, Union Bank and Fidelity Bank recorded gains between 10.8%
and 22.3% at the end of the week. Access Bank also rallied during the week on the back of a
N0.25 proposed interim dividend and H1 results.
·
International
Breweries led
the pack in the breweries sector with daily maximum gains leading to a 27.3%
change for the week; NB also rallied mid-week
closing at N137.50, a 7.8% mark-up from the previous week; Guinness was also upbeat this week
picking up 3.2%.
·
Mixed
sentiments in the building materials sector during the week trimmed off 1.7%
and 2.1% from Dangote
Cement and CCNN respectively while Lafarge Wapco and Ashaka Cement gained 9.8% and 8.1%
respectively.
Company Announcement
·
Resort
Savings and Loans Plc released its H1 2012 results.
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