The activities of profit takers has continuing to

propel the market on an irregular situation pushing the major market indication on a southward direction.

A review of market activities today shows that the NSE All-Share Index drop by 209.37 points or 0.82 percent to settle at 25,173.13 points when compared to 25,382.50 points posted last week trading.

Market patronage in terms of Volume of shares exchanged by investors drop by 129.94 million ordinary shares or 17.58 percent when compared with the position of the last trading day. In essence, an aggregate of 609.15 million ordinary shares were traded in 7,118 deals today as against a volume of 739.09 million traded in 7,633 deals in the previous transaction.

Turnover by value was on the downswing like volume as it closed at N3.00 billion; N0.03 billion or 0.99 percent drop as against N3.03 billion worth of stocks traded in the previous trading day.

Table 1

Market Statistics

	Today 10/08/2009	Previous day 07/08/2009	% Change
NSE All-Share Index	25,173.13	25,382.50	-0.82
Total Deals	7,118	7,633	-6.75
Volume Traded (M)	609.15	739.09	-17.58
Value Traded (N’B)	3.00	3.03	-0.99
Turn Over Ratio %	0.11	0.13	-15.38% Change Point
Mkt. Capt.(N’B)	5,770.49	5,818.48	-0.82

Oando Plc lead the top gainers list again as the stock added N4.00 or 4.35 percent to its share price to close the market at N96.00 from its opening price of N92.00. Nestle Plc came second on the list, having gained N1.55 or 0.78 percent as it opened and closed the day at N198.45 and N200.00 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
OANDO	92.00	96.00	+4.00	4.35
NESTLE	198.45	200.00	+1.55	0.78
UNILEVER	15.06	15.81	+0.75	4.98
BCC	49.00	49.49	+0.49	1.00
DANGSUGAR	17.48	17.96	+0.48	2.75

Figure 1

Top 5 Price Gainers

2

On the losers’ chart, NB Plc lead the table for the day as the company share price declined by N2.60 or 4.68 percent to close the market at N52.90 per share, from it opening price of N55.50. Followed on the Chart was Conoil Plc that lost N2.47 or 5.00 percent to close the day at N46.93 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
NB	55.50	52.90	-2.60	-4.68
CONOIL	49.40	46.93	-2.47	-5.00
UACN	40.00	38.00	-2.00	-5.00
WAPCO	35.40	33.63	-1.77	-5.00
PZ	20.00	19.03	-0.97	-4.85

Figure 2

Top 5 Price Losers

Monetary Policy Rate: 6.00 %

Business News

No news

Term of the day:

INVESTMENT BANKING:

A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations.

Investment banks also provide guidance to issuers regarding the issue and placement of stock. Investment Banks also aid in the sale of securities in some instances. They also help to facilitate mergers and acquisitions, reorganizations and broker trades for both institutions and private investors. They can also trade securities for their own accounts.