Sentiment Analysis Report - W/E August 03, 2012

Analysis of the market activity in the week ended August 03, 2012 technically revealed increased risk appetite along with moderate market optimisms amid growing speculative tendency in the investors’ trading pattern as against sustained decline in market optimism along with weak bargain appetite amid mixed sentiments obeserved in the previous week’s performance.

Further analysis revealed improved prospects due to sudden positive change (positve divergent) in investors’ appetite while market is stepping out of dull trading posture as it regained its breadth to close flat.

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Daily Market Updates

030812: Equity Market records 0.99% gains in the week on improved optimism

Trading activities in the week closed northwards for the eight consecutive sessions as profitable transaction dominate the market in most trading days of the week amid improved optimism while the Exchange officially launches the NSE Lotus Islamic Index (NSE LII) which consists of companies whose business practices are in conformity with the principles of Shari’ah.

Furthermore, trading activities on the Nigerian bourse closed positive as ASI inches up marginally by +0.04% to open the first trading session of the week positive while equity market resumed southwards movement to record -1.03% losses in the second session as the negative transaction witnessed in the shares of Dangote Cement Plc also impacted market outlook negatively.

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Investors NewsBeat

Earnings Flash: UAC of Nigeria Plc - H1 ended 30th June, 2012

Earnings Flash: Dangote Sugar Refinery Plc - H1 ended 30th June, 2012