Dear Afrinvestor,

                                                                                                                                                                                          

Market Statistics (Wednesday, 10^th October, 2012)

                                                                                 

Market Cap (N'bn)	8,599.01
Market Cap (US$'bn)	54.68
NSE All-Share Index	27,006.77
Daily Performance %	0.62
1 Week Performance %	3.13
YTD Performance %	30.27
Daily Volume (Million)	481.17
Daily Value (N'bn)	4.03
Daily Value (US$'m)	25.60

Dealer’s Perception

·         The NSE All- Share Index advanced a further 62bps crossing over 27,000 points.

·         The bullish run on Diamond Bank continued today, with a restrain from sellers in response to growing demand at limit up. Sterling Bank, FCMB and Fidelity Bank also recorded a price appreciation of 9.8%, 8.7% and 7.1% respectively. On the flip side, First Bank suffered a 2.1% loss while GT Bank and Access Bank shed less than 1.0% a piece.

·         Sentiments on Guinness were skewed to the buy side today with thin offers and healthy demand subsequently closing at N280.00 a 4.8% price appreciation, closing sentiments suggests that this trend could continue tomorrow. On the other hand, a downward price review trimmed off 9.6% from International Breweries.

·         The building materials sector remained upbeat with no losses recorded in the sector. Ashaka Cement and CCNN consolidated on previous gains with a further 5.0% and 4.8% appreciation while Lafarge Wapco rallied after an initial sell off early in the session, picking up 0.8% at the close of the session