Tuesday, 11 September 2012

Dear Afrinvestor,

Market Statistics (Tuesday, 11th 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 42bps.

·         Bearish sentiments continued to trim off points from companies in the banking sector. UBA and Union Bank lost over 4.0%, while First Bank dropped 2.2%. Diamond Bank and Skye Bank were not spared either. On the other hand, Access Bank rallied with a 2.8% up-tick on the back of announced H1 results and an interim dividend of N0.25.

·         Attempts to lock in gains from the previous rally sent Ashaka Cement and CCNN further south today, both losing maximum points. Closing sentiments could lead to further losses tomorrow. Demand for Dangote Cement at N115.00 however provided support for the stock, while Lafarge Wapco was up by 1.0% as buyers reviewed their prices upwards to N46.00.

·         Transcorp recovered from previous losses during the day’s proceeding with a clearance of offers and  growing demand at limit up. AG Leventis and Unilever also closed on the up-tick, recording gains of 4.4% and 2.4% respectively.

Company Announcement

·         Access Bank Plc released its H1 2012 results; proposed an interim dividend of N0.25.

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