Dear Afrinvestor,

Market Statistics (Wednesday, 31^st October, 2012)

Market Cap (N'bn)	8,422.74
Market Cap (US$'bn)	53.60
NSE All-Share Index	26,430.92
Daily Performance %	(1.15)
1 Week Performance %	(1.66)
YTD Performance %	27.50
Daily Volume (Million)	279.43
Daily Value (N'bn)	2.27
Daily Value (US$'m)	14.47

Dealer’s Perception

·         The NSE All-Share Index lost 115bps.

·         Bearish sentiments trimmed off additional points from First Bank, GTBank and UBA posting losses of 0.5%, 1.0% and 4.6% respectively. Zenith Bank however recovered today as it headed back to N18.00 and recorded a 0.1% mark-up. IBTC, Access Bank and UBN also closed on the up-tick recording gains of 1.4%, 2.3% and 4.3% respectively.

·         The Food and beverages sector also went to the bears today; Q3 numbers for Cadbury and Nestle announced during the session did not change current bearish sentiments as both lost 3.4% and 2.1% to close at N28.00 and N675.00 respectively. Dangote Flour, Flourmills and Dangote sugar were also not spared with losses of 1.2%, 0.8% and 0.6%.

·         NB dropped a further 6.8% as demand for the stock shrunk towards the end of the day’s proceeding; this recent correction could spur demand in coming sessions. Guinness however picked up 0.2% today.

Company Announcements

·         Total Nigeria plc released its Q3 2012 results.

·         UAC of Nigeria plc released its Q3 2012 results.

·         Stanbic IBTC Bank plc released its Q3 2012 results.

·         AIICO Insurance plc released its Q3 2012 results.

·         Eterna plc released its Q3 2012 results.

·         GlaxoSmithKline Consumer Nigeria plc released its Q3 2012 results.

·         Union Ventures & Petroleum plc released its Q3 2012 results.

Nestle Nigeria plc released its Q3 2012 results