Dear Afrinvestor,

Market Statistics (Monday, 24^th September, 2012)

Market Cap (N'bn)	8,227.31
Market Cap (US$'bn)	52.17
NSE All-Share Index	25,838.99
Daily Performance %	(0.13)
1 Week Performance %	1.83
YTD Performance %	24.64
Daily Volume (Million)	295.80
Daily Value (N'bn)	2.09
Daily Value (US$'m)	13.22

Dealer’s Perception

·         The NSE All-Share Index lost 13bps.

·         The banking sector was skewed to the sell side during the day’s session, with Sterling Bank recording the only substantial gain in the sector. Other gainers in the sector (First Bank, Skye Bank and Sterling Bank) recorded price movement of less than 1.0% apiece. On the flip side, Diamond Bank and FCMB tumbled with losses of 4.5% and 2.5% respectively.

·         Demand for Ashaka Cement remained strong with over 11 million units at limit up, while CCNN booked maximum points today; however, declining demand for CCNN suggests that the rally could be short-lived with the possibility of a price correction in coming sessions.

·         Cadbury and Dangote Flour both picked up over 4.0% today as appetite for both stocks remained strong during the session. UTC and Flour Mills also closed on the up-tick.