Dear
Afrinvestor,
Market
Statistics (Friday, 12th October, 2012)
Market
Cap (N'bn)
|
8,695.11
|
|
|
Market
Cap (US$'bn)
|
55.25
|
|
|
NSE
All-Share Index
|
27,287.85
|
|
|
Daily
Performance %
|
(0.30)
|
|
|
1
Week Performance %
|
3.20
|
|
|
YTD
Performance %
|
31.63
|
|
|
Daily
Volume (Million)
|
516.17
|
|
|
Daily
Value (N'bn)
|
3.88
|
|
|
Daily
Value (US$'m)
|
24.67
|
|
Dealer’s
Perception
·
The
market went south today as the NSE All-Share index dipped by 30 bps.
·
Sentiments
were skewed predominantly to the sell side during the day’s proceedings,
leading to more losses at the close of the session. Participants seeking to
lock in gains from the nascent rally of Diamond Bank trimmed off
2.4% from its price. Pockets of selling early in the session also attempted to
halt the rally on Skye
Bank
however growing demand led to a further 4.9% mark-up.
·
Selling
pressure sent Dangote
Sugar
south, recording a 9.3% loss with sentiments that could lead to further losses
early next week, Nascon and Flour Mills were not
spared either with losses of 2.9% and 0.4% respectively, Cadbury however
hovered around its current peak of N30.00 with most trades executed at this
level and consequently recording no change at the close of the session.
·
In
the breweries sector, NB and Guinness were up by
less than 1.0% at the close of proceedings. Buyers were unwilling to pay above
N142.00 for NB while Guinness hovered
around the upper N281.00 mark. International Breweries however
lost 3.6% at the close of the session.
Weekly
Trading Summary
·
The
NSE All-Share Index gained 320bps this week
·
The
banking sector was bullish this week with buy side activities leading to a
surge in the prices of most companies in the sector; at the top of the list
were Diamond
Bank,
Sterling
Bank,
Fidelity
Bank
and Skye
Bank
with points in excess of 20.0% apiece. Top –tier banks recorded slimmer
gains ranging from 1.7% (GTBank) to 17.0% (UBA).
·
The
building materials sector was also in line with market trend as Ashaka Cement and CCNN both
recorded gains of 16.4% and 30.0% this week; a possible correction could
however occur early next week. Lafarge Wapco also recorded a 2.2% appreciation.
·
In
the Conglomerates sector, A.G. Leventis, Unilever and UACN were up
this week. On the flip side, Transcorp struggled subsequently shedding
0.9% while PZ
Cussons
also lost 2.9%.
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