Market Statistics (Wednesday, 30th May, 2012)

Market Cap (N’bn) 7,070.58
Market Cap (US$’bn) 44.29
NSE All-Share Index 22,170.96
Daily Performance % (0.04)
1 Week Performance % (0.64)
YTD Performance % 6.95
Daily Volume (Million) 363.14
Daily Value (N’bn) 3.25
Daily Value (US$’m) 20.37
The Nigerian Stock Exchange all share index closed the day at 22,170.96 representing a marginal loss of four basis points. Volume and value trades were buoyed by transactions in GTBank, First Bank, Zenith Bank and Nigerian Breweries, With GTBank leading the day with 84.10m units exchanging hands. The attitude of most market participants continued to be that of cautious approach, preferring to close out their bids at bargains if possible. However, it seems some highly capped banks notably GTBank, First Bank and Zenith Bank have found support at N15.40, N11.50 and N14.50 respectively, an indication that suggest that these levels might hold in the next trading session. Unilever closed the day atop the absolute gainers chart. Gains recorded were due to a dearth of supply volumes and unwillingness of the few sellers to budge at lower levels. The effective bid stood at the N27.00 to N27.50 range, an indication that a reversal is possible at next trading session.