Tuesday, 9 October 2012

Dear Afrinvestor,

Market Statistics (Tuesday, 9th 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 up a further 83bps.

·         Q3 results announced by Diamond Bank were positively received by the market with a price surge of 10.0% at the close of proceedings and unfilled demand that could lead to further appreciation tomorrow. Demand for First Bank also led to a 6.4% mark-up, however N17.00 appeared to be today’s peak price with buyers unwilling to bid above this price; Fidelity Bank also picked up 9.8% with robust demand at maximum price likely to extend the bullish trend.

·         The building materials sector was also upbeat; CCNN and Ashaka Cement recorded maximum gains with a clearance of available offers during the session. Lafarge Wapco also rallied with a 1.3% mark-up while Dangote Cement closed flat, though skewed to the buy side.

·         In the food and beverage sector, Cadbury and Dangote Sugar were top gainers in the sector with gains of 4.9% and 4.8% respectively. Honeywell Flour and Dangote Flour also recorded 3.9% and 1.7% gains respectively.

Company Announcement

·         Diamond Bank Plc released its Q3 2012 results

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