Friday, 14 December 2012

Dear Afrinvestor,

Market Statistics (Friday, 14th December, 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 8bps today.

·         The banking sector was split evenly between gainers and losers, with recoveries by Skye Bank and Zenith Bank during proceedings. However GTBank and UBA lost points during the session dropping 6.3% and 1.8% respectively. FBN Holding and Access Bank also headed south with losses of 0.6% and 0.5%.

·         Transcorp was the lone gainer in the conglomerates sector today, with a 4.6% mark-up and closing sentiments that could lift the price further early next week. On the other hand, UACN and PZ Cussons headed south with a downward review of prices by buyers.

·         The petroleum marketing sector was also on the up-tick today, Oando rallied at the close of the session with a clearance of available offers leading to maximum gains. Eterna OIl and Forte Oil also recorded gains of 1.0% and 0.2%.

Weekly Trading Summary

·         The NSE All-Share Index gained 380bps this week.

·         Bullish sentiments held sway for the better part of the week in the banking sector; UBA and Access Bank were the only companies that dropped points this week. Fidelity Bank was up 10.5% with healthy demand during daily sessions, Sterling Bank and GTBank also recorded 7.0% and 6.2% cumulative gains this week, while FBN Holding and Zenith Bank recorded slimmer gains.

·         The breweries sector had a good showing this week with insatiable demand for NB leading to a 14.9% mark-up closing at N165.00 with sentiments likely to firm it up further next week. Guinness also picked up 9.9% while International Breweries inched up slightly. 

·         The food and beverages sector was in line with market trend, Nestle surged with a 7.5% gain though the current spike spurred some participants to exit at the close of the week. 7up, Nascon , Cadbury and Dangote Sugar were also on the up-tick with gains ranging from 1.0% to 10.0%.

Company Announcements

·         Prestige Assurance released its Q1 2013 forecast result.

·         Total Nigeria Plc released its Q1 2013 forecast result.

·         Berger Paints Nigeria Plc released its Q1 2013 forecast result.

·         7 UP Bottling Company released its Q4 2013 forecast result.

·         Presco Plc released its Q1 2013 forecast result.

·         Okomu oil Plc released its Q1 2013 forecast result.

·         Continental Reinsurance plc released its Q1 2013 forecast result

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