Monday, 10 September 2012

Dear Afrinvestor,

Market Statistics (Monday, 10th 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 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.

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