Dear Afrinvestor,

Market Statistics (Monday, 22^nd October, 2012)

Market Cap (N'bn)	8,690.24
Market Cap (US$'bn)	55.20
NSE All-Share Index	27,272.57
Daily Performance %	(0.09)
1 Week Performance %	0.72
YTD Performance %	31.56
Daily Volume (Million)	278.74
Daily Value (N'bn)	2.70
Daily Value (US$'m)	17.16

Dealer’s Perception

·         The NSE- All Share Index dipped by 9bps.

·         The banking sector was skewed to the sell side during the day’s proceeding; Wema Bank and Zenith Bank were the only companies on the up-tick at the close of the session, with appreciation in the price of Zenith Bank possibly driven by Q3 results announced during the session. GTBank and First Bank closed relatively flat as both dropped 1kobo at the close of the session

·         Lafarge Wapco and Ashaka Cement also in line with market trend were skewed to the sell side though recording no change at the close of the session. CCNN however was divergent to this trend picking up 0.8% while Dangote Cement hovering around N121.00 also recorded no change at the close of the session

·         Fringe players were top gainers in the market today, DN Meyer led with a 9.9% mark-up while Custodian and Allied Insurance, Evans Medical and Portland Paints were also up by 5.7%, 5.0% and 4.8% respectively.

Company Announcements

·         Zenith Bank plc released its Q3 2012 results.

·         Skye Bank plc released its Q3 2012 results.