Thursday, 11 October 2012


Dear Afrinvestor,
                                                                                                                                                                                          
Market Statistics (Wednesday, 10th 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

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