Dear Afrinvestor,
Market Statistics
(Friday, 21st September, 2012)
Market
Cap (N'bn)
|
8,238.36
|
|
|
Market
Cap (US$'bn)
|
52.22
|
|
|
NSE
All-Share Index
|
25,873.71
|
|
|
Daily
Performance %
|
(0.00)
|
|
|
1
Week Performance %
|
2.12
|
|
|
YTD
Performance %
|
24.81
|
|
|
Daily
Volume (Million)
|
364.03
|
|
|
Daily
Value (N'bn)
|
2.79
|
|
|
Daily
Value (US$'m)
|
17.67
|
|
Dealer’s Perception
·
The
NSE All Share Index closed flat today.
·
A
surge in demand for Sterling
Bank during
the session and a clearance of available offers led to a 10.0% spike in its
price, closing at N1.54, with unfilled demand at limit up that could fuel
further appreciation early next week. Diamond Bank was on the rebound today as it picked up 8.5% to
close at N3.59. Institutional purchases at the close of proceedings also firmed
up the price of Zenith
Bank pulling
it back to N16.50, a 3.1% spike from yesterday’s close.
·
The
Breweries sector was skewed to the sell side during proceedings. Profit taking
trimmed off a further 7.5% from International Breweries, while NB dropped 3.5%, with the
current surge in its price spurring selling sentiments. Guinness on the other hand ended
the day on the flat note.
·
The
building Materials sector was upbeat, bullish sentiments drove up the prices of
Ashaka Cement, CCNN, closing with price
appreciation of 5.0% and 4.9%. Closing sentiments also suggests that this trend
could continue early next week.
Weekly Trading
Summary
·
The
NSE All-Share index gained 212bps this week.
·
Union
Bank continued
to lead the gainers chart in the banking sector; insatiable appetite for the
stock has sustained the rally in spite of pockets of profit taking during the
week it subsequently recorded a 27.2% cumulative gain at the close of the week.
Mid-tier banks that were rolled out as part of the start of market making were
also top favourites this week with Sterling Bank, Diamond Bank and FCMB booking cumulative gains
of 12.4%, 9.8% and 9.7% this week.
·
The
food and beverages sector was upbeat this week, speculative activities and
increasing demand for UTC led to a 17.5% mark-up.
The bullish run on Dangote
Flour and Cadbury late in the week also
erased previous losses, with both closing the week at N7.71 and N22.63 a 11.7%
and 5.6% appreciation respectively.
·
Transcorp led the gainers this week
in the conglomerates sector, as it recorded a 13.5% appreciation; however the
rally also spurred profit –taking on Friday, with possible further correction
early next week. UACN, Unilever and PZ Cussons also recorded gains of
10.8%, 2.7% and 0.6% respectively this week.
Company Announcement
·
Nigerian
Bank Manufacturing Company Plc released its Q1 2012 results.
·
Oasis
Insurance Plc released its H1 2012 results.
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