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Daily Market Updates

160512: NSE ASI retraces by +0.46% as sentiment turns positive

Equity Market retracted to close in the positive territory after two sessions of negative outlook as the bulls re-surfaced in style on the bourse while the +2.46% gains recorded in the share price of Dangote Cement Plc, market leader by capitalization, contributed to the lifting of the key market indicator to the green zone amid negative market breadth.

Nevertheless, the key benchmark indices closed optimistic as sentiments turned positive, taking supports majorly from Large CAP stocks which was particularly driven by DANGCEM

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Nigerian Economy & Investors NewsBeat

RTC's Business and Economic Review for April 2012

Sterling Bank concludes AGM, Prioritises focus on Corp Banking and Agriculture

Global Market & Bonds

Goldman, Merrill E-Mails Show Naked Shorting, Filing Says

DMO - May 2012 FGN Bond Offer Circular

MARKET SURVEY/PROMO

Readers are invited to share their views on the Nigerian Capital Markets for publication on Proshare later in 2012 and receive an exclusive offer for the upcoming executive development programme.

To receive this offer simply complete The Capital Markets Academy’s survey here
: http://svy.mk/H2pupi.
Corporate Earnings

MAYBAKER declares N34.8m loss in Q1 '12 result,(SP:N1.41k)

PORTPAINT declares N75.02m PAT in Q1 '12 result,(SP:N3.60k)

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Quote for the week

World Bank’s recent research has acknowledged that sustained growth in the coming years would come from emerging countries. However, their research has also revealed that corporate governance, strategic thinking, action and influence appears to be the bane of many organizations in evolving countries, hence the urgent need for senior executives to raise their game via capacity development programmes on areas such as strategic leadership. It is in response to this that Aston Business School in collaboration with These Young Minds presents a four day executive education programme, scheduled to take place between 25th and 29th of June, 2012. This programme is specifically designed for senior managers and directors from developing countries. Registration for this programme may be made at http://goo.gl/slp3D

Reports

RTC's Business and Economic Review for April 2012

Quick Poll

Which of these instances is the most damaging to investor confidence?

---- The 2008 Starcomms deal managed by Chapel Hill Denham/IBTC Stanbic
---- The other private placements such as the IGI Private Placement
---- The Nationalisation of banks with SEC involvement
-----The purchase of unaccounted for offer proceeds of UBN Plc by AMCON
-----The Non-resolution of cases brought before the SEC.
----- Others


VOTE

Proshare WTV
Sterling Bank prioritises Corporate banking and Agriculture funding - 150512
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