Dear Afrinvestor,

Market Statistics (Thursday, 6^th December, 2012)

Market Cap (N'bn)	8,446.89
Market Cap (US$'bn)	53.72
NSE All-Share Index	26,546.20
Daily Performance %	0.42
1 Week Performance %	0.54
YTD Performance %	28.05
Daily Volume (Million)	192.10
Daily Value (N'bn)	2.44
Daily Value (US$'m)	15.49

Dealer’s Perception

·         The NSE All-Share Index gained 42bps today.

·         Stanbic IBTC Holding maintained a relatively stable posture for a consecutive session, leaving bargain hunters in a disappointing state for not getting their fill at the N10.64 mark.  An upward review in bids, would indeed be necessary for sizeable supply volumes to emerge. GTBank, FBN Holding and Zenith Bank closed in positive territory with sizeable volumes in trades. Drawing an inference from today’s trading pattern, all three are likely to hold on to their values despite tomorrow being a Friday. Sterling Bank, UBA, Union Bank, FCMB closed relatively on a flat note.

·         Guinness again held steady, however, trades executed today were done far above its closing price of N241.10.  Prospective bids would probably need to move beyond the N250.00 mark to have their fill. NB added N2.11 to its value to close at N142.11; institutional interest would probably prop up its value in subsequent sessions.

·         Ashaka Cement went for a 5.O% market correction to close down at N18.05. No bids were available as at the close of the session. Dangote Cement on the other hand traded paltry volumes as offers were relatively sparse.

Company Announcements

·         Thomas Wyatt Nigeria plc released its Q3 2012 result.

·         Pharma Deko plc released its Q3 2012 result.

·         Guinea Insurance plc released its Q3 2012 result.