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Daily Market Updates

040412: NSE ASI firms up by +0.41%; DANGCEM rewards investors with Cash and Bonus dividends

Equity Market closed positive to maintain its gaining streak for the second session in a row as investor continue to engage in value investing amid slightly dropped volume turnover and Naira Votes while Dangote Cement Plc, market leader by capitalisation, today hits the market with its 2011 Audited financials with both cash and bonus dividends proposed.

Nevertheless, the key benchmark indices maintained uptrend as sentiments remained unchanged, taking supports majorly from Medium CAP stock which was particularly driven by ACESS Bank while Large CAP stocks also contributed to the outlook recorded today due to continuous buying activities witnessed in Financial Services sector.

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Frauds & Scandals

Press Statement on Police Pension Probe

FSA arrests 23-year-old City trader

Products & Services/Capital Market

NSE introduces primary market makers

Ekiti State issues second Bond

Access Bank Leads in Financial Transparency Index

Investors NewsBeat

African Paints (Nigeria) Plc: Notice of Board Meeting

I H S Nigeria Plc: Appointment of new Company’s Registrars

Nigerian Aviation Handling Company Plc: Notification of Subsidiaries

Trans-Nationwide Express Plc: Reward Investors with 5 kobo dividend in ’11 Audited Results

UAC Nigeria Plc FY ended 31st December 2011

Earnings Flash: Continental Reinsurance Plc - FY ended 31st December, 2011

Guaranty Trust Assurance Plc FY ended 31st December 2011

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Corporate Earnings

Dangote Cement Plc rewards investors with both Cash and Bonus dividends in '11 Audited result.

Juli Plc declares N51.4 million loss in '11 Audited result.


Morison Industries Plc forecasts N141.9 million turnover for Q2 2012

AFRPAINTS forecasts N30 million Turnover in Q2 2012

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