Wednesday, 19 September 2012

Dear Afrinvestor,

Market Statistics (Wednesday, 19th 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 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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