Monday, 26 November 2012

Dear Afrinvestor,

Market Statistics (Friday, 23rd November, 2012)

Market Cap (N'bn)

Market Cap (US$'bn)

NSE All-Share Index

Daily Performance %

1 Week Performance %

YTD Performance %

Daily Volume (Million)

Daily Value (N'bn)

Daily Value (US$'m)

Dealer’s Perception

·         The NSE All-Share Index gained 20 bps today.

·         Sentiments for top –tier banks remained skewed to the sell side resulting in more losses for GTBank, First Bank, Zenith Bank and UBA. On the up-tick however were Unity Bank, Access Bank and FCMB with gains of 4.0%, 3.4% and 1.8% respectively.

·         Ashaka Cement did not recover from initial selling pressure, as it dropped 1.4% in spite of improved demand later in the session. Lafarge Wapco however was up 0.1% with robust demand at N58.00 leading to a modest upward review of its price. CCNN and Dangote Cement were also skewed to the buy side though recording no change at the close of the session..

·         UACN closed on the uptick with a 2.7% mark-up, also on the up-tick in the conglomerates sector were Unilever and Transcorp picking up 1.8% and 1.0% respectively.

Weekly Trading Summary

·         The NSE All-Share Index lost 30bps this week.

·         Participants thread on the side of caution this week in the banking sector, resulting in more losses than gains in the sector this week. Top-tier banks hovered around current support levels, though selling pressure during the week led to losses ranging from 0.2% to 5.8%. On the other hand; Access Bank, FCMB and Diamond Bank edged up this week booking cumulative gains of 5.2%, 3.3% and 2.4% respectively.

·         The food and beverages sector was split evenly between gainers and losers this week. Cadbury, a top favorite in the sector was up 5.4% while Dangote Flour, Flour Mills and Dangote Sugar also recorded gains of 2.4%, 5.3% and 5.5% respectively. On the flip side, Honeywell Flour lost 9.5% while NNFM and Nascon shed 5.0% and 4.1%.

Company Announcements

·         Mutual Benefits Assurance plc released its FY 2011 results.
·         Beco petroleum products released its FY 2011 results.

·         Standard Alliance Insurance released its FY 2011 results.

·         The NSE announced that a new code as been created for Stanbic Ibtc holdings plc, the new code is STANBIC and the listing price is N13.03

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