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The Market Today

The market closed on a slightly bullish note today with the ASI increasing by 0.16%.
In the same vein, the value and volume of stocks traded increased by 62.59% and 87.26% respectively.
The highest net bids were recorded by Wema Bank, UBA, BankPHB, Fidelity Bank, and Ashaka Cement.
While the highest net offers were recorded by Cornerstone Insurance, Standard Alliance Insurance, GTBank, 7-UP Bottling Company, and First Bank.
The Breweries and Building Materials indices recorded the highest appreciation today.
The appreciation in the Breweries sector was driven by the shares of Nigerian Breweries and Guinness Nigeria which increased by 3.4% and 0.07% respectively.
The Conglomerates and Food, Beverages and Tobacco indices recorded the highest depreciation today.
The depreciation in the Conglomerates sector was driven by UAC of Nigeria and Unilever Nigeria which lost 1.86% and 0.08% respectively.
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Last Updated 03 September 2010


The Market Today 3-Sep-10   2-Sep-10   Change
NSE ASI 24,241.84 24,203.18 0.16%
NSE Value traded (N' bn) 3.290 2.023 62.59%
NSE Value traded ($' mn) 22.036 13.553 62.59%
NSE Volume traded ('mn) 404.726 216.125 87.26%
Banking sector value traded (N' bn) 1.074 1.280 -16.10%
Banking sector value traded ($' mn) 7.194 8.575 -16.10%
Banking sector volume traded ('mn) 141.001 148.458 -5.02%
Number of gainers 34 22 n/a
Number of losers 31 37 n/a

Stanbic IBTC sector indexes 3-Sep-10   2-Sep-10   Change (%)
Banking Index 21.27 21.32 -0.23%
Breweries Index 139.97 136.77 2.34%
Building Materials Index 75.41 74.91 0.66%
Conglomerates Index 91.30 91.69 -0.43%
Insurance Index 15.26 15.25 0.02%
Petroleum Marketing Index 50.38 50.13 0.49%
Pension Index 49.10 49.03 0.16%
Food, beverages and tobacco Index 68.30 68.50 -0.30%
Nifty Forty Index 45.99 45.89 0.22%


Gainers Close (N)   %   Vol ('000)
ASHAKACEM 21.00 5.00% 4,960
OKOMUOIL 12.00 5.00% 298
INTERCONT 1.80 5.00% 8,525
AP 29.78 4.97% 542
COSTAIN 6.55 4.89% 338

Losers Close (N)   %   Vol ('000)
NBC 38.20 -5.00% 350
REDSTAREX 3.01 -4.98% 365
AIICO 1.01 -4.95% 3,435
WAPIC 0.61 -4.92% 194
ALUMACO 8.15 -4.91% 210

Country Index Value Previous Change (%) Ytd
Egypt Egypt Hermes Index 602.53 602.53 0.00% 5.07%
Ghana GSE All Share Index 6,767.65 6,737.75 0.44% 24.27%
Indonesia Jakarta Composite Index 3,164.28 3,122.15 1.35% 24.86%
Kenya Nairobi AS 95.58 96.11 -0.55% 33.42%
Mexico Mexico Bolsa Index 32,417.33 32,339.23 0.24% -0.10%
Nigeria All Share Index 24,241.84 24,203.18 0.16% 16.40%
Pakistan Karachi All Share Index 6,777.91 6,818.40 -0.59% 1.69%
Phillipines PSEi Phillipine SE Index 3,734.70 3,666.54 1.86% 22.34%
South Korea Kospi Index 1,780.02 1,775.73 0.24% 5.78%
Turkey ISE National 100 61,033.88 60,597.86 0.72% 16.00%
Vietnam Ho Chi Minh Stock Exchange 458.75 458.75 0.00% -7.28%
W. Africa BRVM COMPOSITE 145.30 145.65 -0.24% 10.09%
W. Africa BRVM 10 168.21 169.27 -0.63% 17.06%

Sources: NSE, Stanbic IBTC Research, Bloomberg, GSE, Nairobi Stock Exchange

Please note that apart from the Stanbic IBTC Sector and Pension Indices as well as NSE ASI whose values are as at today 03 September 2010, all the other indices are as at the last trading day.
The Stanbic IBTC sector and pension indices are market capitalisation-based indices and were set to an initial value of 100 on 31st December 2007.

Stanbic IBTC Stockselect 03 September 2010


Market Watch 2010

06Aug 13Aug 20Aug 27Aug
02 Jul 09 Jul 16 Jul 23 Jul 02Aug
30 Apr 21 May 11 Jun 18 Jun 25 Jun
08 Mar 22 Mar 29 Mar 05 Apr 09 Apr
08 Feb 10 Feb 15 Feb 22 Feb 01 Mar
Jan 04 Jan 11 Jan 19 Jan 26 01 Feb
Market Watch 2009
Dec 28
Oct 30 Nov 16 Nov 23 Nov 27 Dec 07
Sep 07 Sep 14 Sep 23 Sep 25 Oct 23
Aug 03 Aug 07 Aug 17 Aug 24 Oct 02
Jul 06 Jul 13 Jul 20 Jul 27 Aug 31

          
          
MARKET PRICE LIST

Market Price List as at 03 Sep 2010

View Price List Table

MARKET INFORMATION

GUINNESS NIGERIA PLC CHANGE OF REGISTRARS
The company notified the Exchange of the change of its Registrars from Union Registrars Limited to Zenith Registrars Limited with effect from Monday, 2nd August, 2010.

Lagos Government Debt Issuance Programme 3rd coupon payment (August 9, 2010) N50 billion Lagos State Fixed rate bond (Series 1)
The transaction parties to Lagos State Debt Issuance Programme have notified the Exchange that payment would be made on August 9, 2010. Consequently, the register of bondholders will be closed at 5pm on Monday, July 19, 2010 in compliance with the provisions of the ISA, all transactions which are undertaken on July 19, 2010 will qualify for the 3rd coupon payment.

ECOBANK Transnational Incorporated (ETI) Signs Landmark US$175 Capital Facilities with the IFC.
The bank has notified the exchange that it has signed landmark agreements of us$175 million in senior convertible, senior non-convertible and subordinated loans with the IFC on June 29, 2010. these loans are to provide eighteen Ecobank subsidiaries with additional capital to strengthen their balance sheets and boost competitiveness.
It will also allow ETI to continue to positively contribute to the African economy by increasing the levels of credit available to businesses and households and at the same time generate long-term value for its shareholders.

NSE Upgrade and PriceList
The Nigerian Stock Exchange (NSE) recently upgraded her ATS trading software. Consequently, in line with NSE's rule that a stock must trade 50,000 units before the share price can move on a particular trading day, the trading machine has been adjusted to only recognize prices of stocks that trade the minimum 50,000 units per tranche.
The impact of this is that some stocks may trade within the +/- 5% band but may not be reflected on the high or low price column of the pricelist, even if it is the highest or lowest traded price of the day, so long as the minimum trading volume requirement of 50,000 units is not executed on such trades.

MARKET WATCH

Investors jittery about new banking policies
The week ahead
Nigerian equities closed lower this week triggered by market concerns regarding banks’ implementation of new CBN policies on margin lending. Also of concern to investors were: (1) the delayed implementation of the AMCON; and (2) political risk.
On a positive note, the market staged a rally in yesterday’s trading as investors found value in equities at current levels.
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