Friday, 14 September 2012

Dear Afrinvestor,

Market Statistics (Friday, 14th 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 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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