Dear Afrinvestor,

Market Statistics (Tuesday, 25^th September, 2012)

Market Cap (N'bn)	8,261.89
Market Cap (US$'bn)	52.39
NSE All-Share Index	25,947.60
Daily Performance %	0.42
1 Week Performance %	1.93
YTD Performance %	25.17
Daily Volume (Million)	472.01
Daily Value (N'bn)	3.85
Daily Value (US$'m)	24.39

Dealer’s Perception

·         The NSE All-Share Index was up 42bps.

·         Trading activities trimmed off 5.0% from Union Bank as participants sought to lock-in gains on its price, closing the session with glutting offers that could lead to further losses tomorrow. Also heading south today were Fidelity Bank, Access Bank, Sterling Bank, GTBank and Zenith Bank with losses ranging from 0.6% to 2.8%.

·         Transcorp rallied during the day’s proceedings as it found support at N0.96; subsequently a clearance of offers and growing demand led to a 4.2% mark-up, with demand at limit up that could lead to further appreciation tomorrow. A.G. Leventis, UACN and PZ Cussons were also upbeat picking up 2.9%, 1.9% and 1.6% respectively.

·         Appetite for Dangote Flour continued to grow today, recording a 5.0% mark-up, closing sentiments also suggests that this trend could continue tomorrow; Cadbury however picked up a slim 0.2% as buyers were cautiously bullish today.

Company Announcement

·         Union Bank of Nigeria Plc released its H1 2012 results.

·         Royal Exchange Plc released its Q1 2012 results.