Wednesday 19 September 2012


Dear Afrinvestor,

Market Statistics (Wednesday, 19th September, 2012)

Market Cap (N'bn)
   8,162.96

Market Cap (US$'bn)
       51.81

NSE All-Share Index
 25,642.39

Daily Performance %
0.73

1 Week Performance %
3.23

YTD Performance %
23.69

Daily Volume (Million)
      796.70

Daily Value (N'bn)
         3.73

Daily Value (US$'m)
       23.66




Dealer’s Perception

·         The NSE All Share Index picked up 73bps today.

·         The bullish run on Union Bank continued today as it picked up a further 4.9% mark-up, and closed on bid with unfilled demand that could lead to further appreciation tomorrow. Demand for FCMB and Zenith Bank during the session also led to a 4.3% and 1.2% surge in their prices, traded value on both stocks accounted for over 55.0% of the day’s market value.

·         Dangote Cement recorded a 1.1% mark-up from a modest upward review of prices by buyers, current support however appears to still be N116.00 as buyers were unwilling to bid significantly above this price. Ashaka Cement also recorded a 2.3% mark-up with demand at N12.50 providing support during the session.

·         The rally on International Breweries spurred speculators to lock in gains today; however, demand was still sufficient to boost its price by 6.3%. NB also closed on the up-tick picking up 1.1%.


Company Announcement

·         Honeywell Flour Mills Plc released its Q1 2012 results.


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