Thursday, 27 September 2012

Dear Afrinvestor,

Market Statistics (Thursday, 27th 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 lost a further 25bps today.

·         The banking sector was split evenly between the bears and the bulls as growing demand for First Bank firmed up its price, booking a 2.5% gain at the close of proceedings; also on the up-tick were Sterling Bank, FCMB and GTBank with slim gains  of 1.9%, 1.6% and 0.6% respectively. On the flip side, the bearish trend on Union Bank led to a further 4.9% drop while Access Bank also lost 4.0%.

·         The food and beverages sector was skewed to the sell side as selling pressure trimmed off 4.7% from Flour Mills, with closing sentiments that could lead to further losses tomorrow. Nascon, Dangote Flour and Cadbury were not spared either, booking losses of 4.2%, 2.3% and 0.2% respectively.

·         In the conglomerates sector, institutional purchases cleared offers for Unilever as it surged to N40.11, a 5.0% appreciation; it closed with unsatisfied demand that could lead to further appreciation tomorrow. Demand for Transcorp also continued to grow leading to a further 4.8% mark-up and unsatisfied bids of 246 million units at limit up.

Company Announcement

·         Royal Exchange Plc released its H1 2012 results

No comments:

Post a Comment