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Daily Market Updates

170712 ASI closes above 23,000 psychological lines; inches up by +0.27%

Trading activities on the Nigerian bourse sustained the rally for the fifth day in succession as bargain hunting outweighed sell pressure amid increased volume turnover and Naira votes while NSE ASI closed above 23,000 psychological lines.

Furthermore, market YTD performance currently stands at +11.14% while market sentiments closed relatively weak after today’s trading activities.

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Corporate Earning

TRANSCORP declares N939.9m PAT in Q2 '12 result,(SP:N1.10k)

TRIPPLEG declares N6.2m PAT in '12 Audited result,(SP:N2.41k)

Investors NewsBeat

Investor's ALERT: Stocks that made headlines today - 170712

UACN Proposed Acquisition of a Majority Equity Stake in Portland Paints and Products Nigeria Plc

Continental Reinsurance Plc Registration of Subsidiary Company

Portland Paints Plc announces negotiations with UACN regarding Proposed Acquisition of a Majority Equity Stake


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Regulators / Product & Services

Goldman Builds Private Bank

US Senate Report Details Risky Behavior at HSBC

Report

Unaudited IFRS Results for the Six Months Ended 30 June, 2012 - Skye Bank Plc

Fact Behind the Figures H1 2012 - Skye Bank

Understanding the Nigerian Bonds Market (Part One) - 170712 ASI mounts bullish, closes at 23,000 psychological line move 170712
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