Dear Afrinvestor,

Market Statistics (Wednesday,7^th November, 2012)

Market Cap (N'bn)	8,537.90
Market Cap (US$'bn)	54.31
NSE All-Share Index	26,792.27
Daily Performance %	0.26
1 Week Performance %	1.37
YTD Performance %	29.24
Daily Volume (Million)	212.90
Daily Value (N'bn)	2.36
Daily Value (US$'m)	15.03

Dealer’s Perception

·         The NSE All-Share Index gained 26bps today.

·         Top tier banks were on the up-tick today, a slight pull back on offers by sellers led to modest gains of 0.8%, 1.4% and 2.1% for GTBank, Zenith Bank and UBA. First Bank however dropped 0.9% as yesterday’s recovery appears to have spurred selling sentiments, closing bids and offers were fairly matched at the close of the session

·         Dangote Cement booked a 0.9% gain on the back of crossed deals; buyers subsequently reviewed their prices upwards in response to the crossed deal with closing bid at N121.25. Lafarge Wapco also closed on the up-tick picking up 0.8% while CCNN dropped a further 2.2%.

·         In other sectors, a clearance of available offers early in the session led to maximum gains for Oando today, closing at limit up. NB also picked up 1.6% as it closed at N136.20 with growing demand likely to sustain this trend.

Company Announcements

·         Tantalizers plc released its Q3 2012 results.

·         Red Star Express plc released its Q3 2012 results.

·         Ipwa plc released its FY 2011 results.

·         Ellah Lakes plc released its FY 2012 results.