Dear Afrinvestor,

Market Statistics (Thursday, 20^th September, 2012)

Market Cap (N'bn)		8,238.60
Market Cap (US$'bn)		52.16
NSE All-Share Index		25,874.44
Daily Performance %		0.90
1 Week Performance %		2.89
YTD Performance %		24.81
Daily Volume (Million)		546.83
Daily Value (N'bn)		1.82
Daily Value (US$'m)		11.51

Dealer’s Perception

·         The NSE All-Share Index was up 90bps.

·         Participants seeking to lock-in gains early in the session, weakened the demand for Union Bank though booking maximum points, closing demand had shrunk considerably. This could spur other participants to exit the stock in coming sessions. Diamond Bank, FCMB also headed south with both losing 6.2% and 3.2% respectively.

·         International Breweries dropped 10.0% today with an influx of supply and declining demand; closing sentiments suggests that this trend could continue tomorrow. On the other hand, NB recorded a 6.2% mark-up with demand as high as N149.00 during the session, a dearth of supply could lead to further appreciation in coming sessions.

·         The Food and Beverages sector was upbeat today with more gains than losses; closing on the up-tick and picking maximum points were Honeywell Flour, Dangote Flour and Cadbury. Nestle was however skewed to the sell side though recording no change at the close of the session.

Company Announcement

·         Ashaka Cement Plc released its Q1 2012 results.