Tuesday, 4 September 2012

Dear Afrinvestor,

Market Statistics (Tuesday, 4th 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 All share index was up 62bps.

·         Union Bank picked up maximum points with a crossed deal accounting for over 99.0% of total trades in the stock. Institutional purchases also firmed up the price of GTBank as it recorded a 2.2% mark-up, while First Bank and UBA bagged 1.9% and 1.3% respectively. On the flip side, FCMB lost 1.0% recording the only loss in the sector today.

·         A dearth of offers and growing demand led to a 4.0% mark-up for Flour Mills, closing with unsatisfied demand that could lead to further appreciation tomorrow. Dangote Flour and Dangote Sugar also consolidated on previous gains recording 1.8% and 2.0% appreciation respectively.

·         The conglomerates sector was however divergent to market trend with Unilever recording the lone gain in the sector. Transcorp lost 4.5%, while UACN and PZ Cussons shed 1.3% and 0.4% apiece.

Company Announcement

·         Niger Insurance Plc released its H1 2012 results.

·         Chellarams Plc released its H1 2012 results.

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