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Daily Market Updates

230412: All-Share Index records +0.10% gain amid depressed breadth

Today, Equity Market sustained northwards movement for the fifth session in a row to open the first trading day of the week optimistic as Blue Chips stocks lift the market indicator further in the positive territory amid depressed market breadth while the bulls consolidated on their previous gains despite low volume turnover and Naira votes recorded.

Nevertheless, the key benchmark indices sustained uptrend as sentiments remained unchanged, taking supports majorly from Medium CAP stocks which was particularly driven by FLOURMILL while Large CAP stocks also contributed to the outlook recorded today due to continuous bargain activities witnessed in Consumer Goods sector.

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Global Market /Regulators

Hedge Funds: Morgan Stanley Wouldn't Survive Next Crisis

Nestlé to Buy Pfizer's Infant Nutrition Unit

CBN - January 2012 Economic Report

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Bonds/Capital Market

The Nigerian Bond Watch @ 230412 - DLM

New Trading Platform May Cost NSE N1.4bn

Corporate Earnings

IBTC declares N2.5b PAT in Q1 '12 result,(SP:N7.10k)

OASISINS declares 106.4m PAT in '11 Audited result,(SP:N0.50k)

NEM declares 5 kobo dividend in '11 Audited result,(SP:N0.50k)

FLOURMILL forecasts N2.6b PAT

Reports

Unaudited IFRS financial results as at 31 March 2012 – Stanbic IBTC Bank

Unaudited IFRS compliant group results for the three months ended 31 March 2012 – CEO Statement

ValueFronteira Training Programme for the Months of May, June and July, 2012
  • Quick Poll
  • Should the market believe the CBN Governor on Pensions Scam and role of Banks?

    -No, how did the CBN supervision and money laundering system not detect this?

    -Yes, he intends to take action as their names are in the public domain

    -No, It does not really matter, banks always facilitate corruption.

    -Yes, because he needs to stop possible de-marketing activities designed as news reportage.

    -Indifferent, the trust deficit in our institutions is too far gone now to bridge.

    VOTE

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