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Daily Market Updates

260312: Equity market dips by -0.90% as sentiments remain unchanged

As investors return from the weekend, equity market maintained its losing streak to open the first trading day of the week negative while investors continue to tread cautiously amid weak market breadth with volume turnover and Naira votes closing appreciably upwards by +361.79% and +369.88% respectively.

Nevertheless, the key benchmark indices continued southwards movement, taking hits majorly from Large CAP stock which was particularly driven by Guinness while Medium CAP stocks also contributed to the outlook recorded today due to sell pressure witnessed in Conglomerates, Financial Services and Oil & Gas sectors.

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A Snapshot Review of Q4, 2011 Earnings Report - Zenith Bank

Zenith Bank Plc presented its full year earnings report for the period ended December 31st 2011 with impressive key performance indices. The bank maintained its leading position in the industry as its gross income came in stronger and more robust so far among its peers.

The bank closed with N244.07billion against N192.48billion recorded in the previous comparable period, indicating 26.80% performance growth. An extended analysis revealed a weaker performance when compared with average performance growth of 28.93% (YoY) experienced in the last two financial years.

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Corporate Earnings/Investors Newsbeat

Union Bank Plc releases Q2 & Q3 ’11 results with N62.5b loss in Q3.

NIGER INSURANCE PLC forecasts N212.96 million PAT for Q1 '12

Honeywell Flour Mills Plc - Q3 Dec. 2011

Bond /Power

The Nigerian Bond Watch @ 260312 – DLM

March Bond Offer Circular

Nigeria says GE signs $10 billion power plants MoU

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Legal Alert - March 2012 - Industrial Training Fund (Amendment) Act, 2011

Nigerian Economy

Nigeria to Provide More Incentives for Investors - President Jonathan


We Are Fast-Tracking Power Masterplan - President Jonathan

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