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Market slides into oversold region, ripens for another round of rally

Nigerian Capital Market peaked at 22,665.99 on May 4th 2012 with a YTD of 9.34% gain before the profit-taking sessions began - which apparently has over-stretched given that the market has plunged below the mythical 22,000 psychological line in recent times (specifically on June 1st 2012), recording consecutive four weekly losses due to unrelenting sell pressures and an increase in market price volatility on the back of such profiteering.



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Daily Market Updates

070612 All-Share Index slides further by -1.26% as bearish sentiments persist

Equity Market continued with the southwards movement as bearish sentiments persist due to intense and unrelenting sell pressure witnessed in Blue Chip stocks while Dangote Cement Plc recorded similar outlook witnessed in previous session to further drag the key market indicators downwards amid improved breadth.

Nevertheless, the key benchmark indices sustained downtrend as sentiments remained in the red zone, taking hits majorly from Large CAP stock which was particularly driven by DANGCEM.

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CMA announces Executive Development Programmes in Association with Proshare

The Capital Markets Academy is pleased to announce a suite of Executive Development Programmes to be held in Lagos in 2012, in association with Proshare Nigeria.

Delivered by leading international experts and featuring guest speakers from the Nigerian Financial Community, these interactive programmes have been specifically designed to

Facilitate greater understanding of the key products within the Nigerian Capital Markets today

· Equip staff with practical learning they can apply immediately in their roles

· Enable attendees to benefit from a highly interactive learning approach


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Nigerian Economy

Foreign Trade Statistics Q1, 2012

FAAC Shared N563.089 Billion for the Month of April, 2012


Global Market & Investors NewsBeat

Equity Review of Fidelity Bank Plc's Q1 2012 Results

Pressure for Spanish Bank Rescue Grows

Corporate Earnings

NIGROPES declares N21.9m loss in Q1 '12 result,(SP:N8.26k)

EKOCORP declares N60.1m PAT in '11 Audited result,(SP:N5.05k)

Reports

Foreign Trade Q1 2012

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