Friday, 19 October 2012

Dear Afrinvestor,

Market Statistics (Friday, 19th October, 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 was slightly up by 9bps.

·         Mixed sentiments trailed activities in the banking sector, with top tier banks split evenly between gainers and losers. GTBank and Zenith Bank recorded thin gains with most trades occurring around current levels, while First Bank and UBA dropped by 0.6% and 1.7% respectively.

·         The food and beverage sector was upbeat with most companies in the sector closing on the up-tick. UTC and Cadbury booked 4.3% and 2.4% respectively ending up as top gainers on the list, while others lagged behind with slimmer appreciation. NASCON recorded the lone loss in the sector, shedding 0.7% with offers that outweighed demand which could lead to further losses early next week.

·         The conglomerate sector was quiet, Transcorp recorded a 0.9% mark-up and was the only change in the sector today as others closed flat

Weekly Trading Summary

·         The NSE All-Share Index inched up by 3bps week-on-week to close at 27,296.35.

·         Profit taking during the week sent a few companies in the banking sector tumbling this week; Fidelity Bank, Sterling Bank and Diamond Bank all lost over 8.0% apiece, while UBA and FCMB lost 5.3% and 3.6% respectively. On the other hand Unity Bank and Wema Bank were top gainers, picking up 14.8% and 9.6% respectively.

·         Dangote Cement was the only company in positive territory at the close of the week in the building materials sector; Lafarge Wapco, CCNN and Ashaka Cement dropped 1.7%, 8.4% and 9.1% cumulatively.

·         The breweries sector also went to the bears this week with Guinness shedding 5.9% while NB and International Breweries lost 2.2% and 2.7% respectively.

Company Announcement

·         Access Bank Plc released its Q3 2012 results.

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