Nigeria Market Report

Market Cap (N'bn)


6,342.85




Market Cap (US$'bn)


39.51




NSE All-Share Index


20,011.72




Daily Performance %


(0.30)




1 Week Performance %


(0.00)




YTD Performance %


(19.21)




Daily Volume (Million)


203.29




Daily Value (N'bn)


2.04




Daily Value (US$'m)


12.73










Dealer’s Perception



· The NSE All-Share Index lost 30bps on the back of sales in the building materials sector. Dangote Cement shed 2.5% from cross deals by institutional players, while Ashaka Cement and CCNN did not fare better, recording losses of 4.9% and 0.8% respectively. Glutting offers could lead to additional losses for CCNN, while Ashaka Cement appears to have found support around current levels.



· Sentiments in the banking sector were evenly split between the bears and the bulls during the day’s proceedings. Buy-side activity, in a possible reaction to Q3 numbers released by Zenith Bank, led to a 3.4% gain for the stock and a hold back on offers could lead to further gains tomorrow. First Bank and GTBank also inched up marginally, while UBA found support during the session, though an impressive Q3 result could spur a rally in the near future.



· In the conglomerates sector, last minute purchases led to a 2.8% up-tick in Transcorp, as PZ Cussons rallied with a 3.9% mark-up. Unilever however continued to hover around N26.00, with buyers unwilling to buy above this price.







Company Announcements



· Q3 2011 results released by Zenith Bank Plc



· Q3 2011 results released by Aiico Insurance Plc