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Daily Market Updates

210612 Equity Market slides by -0.76% as the bears re-surface

Market activities closed with the bears after two sessions of positive stance due to renewed selling activities witnessed in some sectors across the main board amid increased market turnover while market breadth closed depressed as against previous outlook.

Nevertheless, the key benchmark indices resumed southwards movement as sentiments turned red, taking hits majorly from Medium CAP stock which was particularly driven by TRANSCORP while Large CAP stocks also contributed to the outlook recorded today due to renewed sell pressure witnessed in Financial Services and Consumer Goods sectors.

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Bonds & Nigerian Economy

Fixed Income Research: With Inflation, Wither Yields? - ARM

NIGERIA: Inflation Rate Review - May 2012

Capital Market / Global Market

Poll Results: What are the Top 3 issues affecting Investors’ Confidence?

CEO Second Sectorial Dinner

Moody's downgrades 15 major banks

People

Forte Oil Plc appoints Mr. Akinyele Olabunmi Olagbende Acting Company Secretary/Legal Adviser

Cadbury Nigeria Plc Appoints Mr. Emil Moskofian Managing Director

Investors NewsBeat

Consolidated Hallmark Insurance: Q1 negative growth due to bad debt settlements

Investor's ALERT: Stocks that made headlines today - 210612

Fortis is listed on the NSE, seeks to raise N2billion

Corporate Earnings

Believability index shows UNITYBNK likely to deliver 44% of Q3 PAT forecasts

ABCTRANS forecasts N115.7m PAT

VITAFOAM forecasts N796.4m PAT

DNMEYER forecasts N49.9m PAT

Quick Poll

In your opinion do you feel dealing with the Starcomms infraction is a good or bad idea?

---Many investors are fleeing to Treasury bonds in this time of uncertainty and volatility. It does not matter.

---The SEC is culpable and would not dabble into a risky choice.

---It is a no-brainer, we cannot move forward until we solve the issue.

---This deal involves so many operators, they cannot afford an expose.

---It is a continuing pattern of the impunity that characterizes the state of law and order in the SEC.

VOTE

Second company listing in the Nigerian Stock Market in year 2012 - 200612	Experts affirm funding and poor infrstructure as challenges with Nigerian Aviation - 200612	Consolidated Hallmark Insurance Plc states reasons for declines in Q1, 2012 PAT - 200612

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