Dear
Afrinvestor,
Market
Statistics (Friday, 28th September, 2012)
Market
Cap (N'bn)
|
8,282.28
|
|
|
Market
Cap (US$'bn)
|
52.65
|
|
|
NSE
All-Share Index
|
26,011.63
|
|
|
Daily
Performance %
|
1.17
|
|
|
1
Week Performance %
|
0.53
|
|
|
YTD
Performance %
|
25.47
|
|
|
Daily
Volume (Million)
|
293.93
|
|
|
Daily
Value (N'bn)
|
2.92
|
|
|
Daily
Value (US$'m)
|
18.54
|
|
Dealer’s
Perception
·
The
NSE All-Share Index was up 117bps.
·
Bearish
sentiments continued to sway the banking sector, with more losers than gainers
at the close of the session. Glutting offers trimmed off a further 4.9% from Union Bank, while Access Bank lost a
further 2.1%. An initial surge in the price of First Bank also
spurred selling sentiments which trimmed off 0.9% from its price at the close
of the session. On the flip side, GTBank and Zenith Bank picked up
2.4% and 1.2% closing at N19.15 and N16.30 respectively.
·
Reprieve
from selling pressure for International Breweries led to a
10.0% spike, closing with unsatisfied demand at limit up. NB also on the
up-tick was up by 1.2% on the back of crossed deals and institutional
purchases; Guinness was however
flat with fairly matched bids and offers
·
Dangote
Cement
shot up at the close of the session with a 4.2% mark-up, recording the only
gain in the building material sector. Lafarge Wapco and Ashaka Cement however
lost 1.8% and 0.7% apiece.
Weekly
Trading Summary
·
The
NSE All-Share index gained 53bps this week.
·
The
banking sector was skewed to the sell side this week; participants on the buy
side were also cautious leading to fewer gainers at the close of the week.
Former favourite Union
Bank
lost 17.7% this week as participants in a bid to lock in gains, flooded the
market with offers.
·
The
conglomerate sector was however up-beat with a boost from Transcorp and Unilever both up by
13.9% and 9.4% respectively at the close of the week. A.G. Leventis and PZ Cussons also
advanced with slim gains of 2.3% and 1.7% while UACN lost 7.5%
this week.
·
UTC and Dangote Flour were top
gainers in the food and beverages sector this week, picking up 17.9% and 10.9%
respectively. Flour
Mills and
Nascon however had
selling pressure trimming off 9.2% and 5.4% respectively.
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