Dear Afrinvestor,

Market Statistics (Monday, 10^th September, 2012)

Market Cap (N'bn)		7,853.87
Market Cap (US$'bn)		49.84
NSE All-Share Index		24,671.47
Daily Performance %		(0.67)
1 Week Performance %		3.38
YTD Performance %		19.01
Daily Volume (Million)		266.66
Daily Value (N'bn)		2.16
Daily Value (US$'m)		13.69

Dealer’s Perception

·         The  NSE All-Share Index lost 67bps today from profit taking activities.

·         Attempts by participants to book profit during the session shaved off 5.0% from UBA, while Zenith Bank lost 2.8%. Access Bank, Union Bank and Fidelity Bank also struggled during the session, recording slim gains of 0.4%, 0.5% and 1.3% respectively; current bearish sentiments suggests they could lead to more losses tomorrow.

·         Cadbury was sent south as glutting offers shaved off full points from its price; bearish sentiments also trimmed off 4.8% from Dangote Sugar. Nascon however consolidated on previous gains as it closed up 4.6%, while Dangote Flour also appreciated 3.7%.

·         CCNN was the lone gainer in the building materials sector as the sector was in line with market sentiments. Dangote Cement dropped 1.7% while Lafarge Wapco traded sideways.