Dear Afrinvestor,

Market Statistics (Tuesday, 4^th December, 2012)

Market Cap (N'bn)	8,429.24
Market Cap (US$'bn)	53.62
NSE All-Share Index	26,382.54
Daily Performance %	0.01
1 Week Performance %	0.60
YTD Performance %	27.26
Daily Volume (Million)	239.44
Daily Value (N'bn)	1.88
Daily Value (US$'m)	11.98

Dealer’s Perception

·         The NSE All-Share Index inched up with 1bp to close at 26,382.54 today.

·         Afromedia emerged top on the volume traded list with 32.9million units of its shares exchanging hands in purely “cross deal” transactions.

·         Access Bank recovered from yesterday’s loss to post a 3.0% recovery closing at N8.96. Union Bank, UBA and Sterling Bank all recorded healthy gains of 1.4%, 4.2% & 4.8% respectively. Conversely Skye Bank, Stanbic IBTC Holding and FCMB, closed on a negative note. However the likes of Fidelity Bank, FBN Holding, Diamond Bank and Zenith Bank maintained a relatively stable posture.

·         Nestle and Guinness continued to enjoy patronage from market participants with little offers at lower price ranges necessitating an upward review of N6.18 and N1.10 in their respective prices. NB on the other hand slid by N1.99 as trades that poured in at closing stages of the session kept the possibility of gains at bay..

Company Announcements

·         The Minister for Finance announced a waiver of stamp duties and exemption of VAT on stock exchange transactions in recent efforts to resuscitate the Nigerian Capital Market.