Friday, 5 October 2012

Dear Afrinvestor,

Market Statistics (Thursday, 4th 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 advanced a further 100bps.

·         In line with market sentiments, the banking sector was upbeat today; Union Bank extended its bullish run as it picked up a further 9.9%, however this surge could lead to profit taking tomorrow. Growing demand for Access Bank, First Bank, UBA, GTBank and Zenith Bank also had gains of 5.2%, 3.3%,3.1%, 2.4% and 1.7% respectively.

·         Dangote Cement lost 0.5%; this loss could however be reversed tomorrow as buyers had reviewed their prices upwards by the close of the session. Ashaka Cement and CCNN however closed with unsatisfied demand at limit up, recording maximum gains with the possibility of further appreciation tomorrow.

·         In other sectors, Oando was up a further 4.9% today, however declining demand at limit up could halt this rally tomorrow. Participants seeking to exit positions also trimmed off 4.0% from Transcorp.

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