Dear Afrinvestor,

                                                                                                                                                                                          

Market Statistics (Wednesday, 3^rd October, 2012)

Market Cap (N'bn)	8,338.31
Market Cap (US$'bn)	52.99
NSE All-Share Index	26,187.61
Daily Performance %	0.63
1 Week Performance %	1.60
YTD Performance %	26.32
Daily Volume (Million)	326.08
Daily Value (N'bn)	2.42
Daily Value (US$'m)	15.40

Dealer’s Perception

·         The NSE All-Share Index was up 63bps.

·         Yesterday’s price surge, spurred selling sentiments that trimmed off 4.2% from GTBank, with a downward review of prices by buyers that could spill into tomorrow’s session. On the other hand, Union Bank rallied, picking up full points and closing with unsatisfied demand at limit up; this trend could lead to further appreciation tomorrow.

·         The food and beverages sector was upbeat as Nestle booked maximum points on the back of crossed deals and a clearance of available offers; in the same vein, Nascon closed at limit up. Selling pressure during the session however curbed the rally on Dangote Sugar.

·         In other sectors, Guinness picked up full points at the close of the session while NB and International Breweries recorded slim gains of less than 1.0% each. Profit taking threatened the bullish run on Transcorp today, though recurring demand stalled a decline as it picked a further 5.0% at the close of the session.

Company Announcement

·         PZ Cussons released its Q1 2012 results