Thursday 11 October 1011
BUSINlSS(Lt i; www.busine·.sdayonli ne.com
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Mark. t StatiStiCS lS.t Wednesday 10 Octob.r 2012
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AS.
l7.fJi06.77
VOlUME ~
481, 174.-421
4.027
VALUE iN baJn) MARKETCAP tNlm)
rm!J.I£l6~
Currency
Naira firmson offshore inve5tors' dollar now
NASD, ItfSE to increase level of traded securities ... usirg Wil trading platfcrm marb-t. \\ ~ using dllt Nigman Sud: ExchangoI! trading platform and ~ is no WI!)' this mil lead 10any iJnn 01 ooll1petidon. \Vr QUine" In any WiJ'f ~~ ~ v.."r an! usb. dB pjatfofTll." \v th this ooIlaboradon ~ the Nf8erian Smck
Exchange and
hell' 10
NASO. it will
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market participation. tntde In QUrendes, bonds. and ~ lmtnanelUi and help 10 capture a moch ",ide! mar krI than h currently available In die c::oumry "r'(K _ Ittstana, _ a whole 10001
were not listal Four
)'Nts
I(P funds Ir.lppftI in prtval~
placement
wen'
worth
OYer
N8(XHti0n." AjomaIr had
noted The patbm will be cmItin& a mari.et for lhe5e ~ that dkI prival~ placements wWch have Ided Ilst~ OIl the stock a-
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doUar on die I.nI~ marlet on Wednesday, supported by dollar InOow (ro". offshore lnveslon buying local debt and waning demanc.l 10. hard culffncy, .........Id lh~ local unit strengtht'II~ to 15725 to th~ dol taL firmer than 1M 157.39 II c~d al on the p,f'Vtous day Trnden said doUar flows ho m for~ Inves Ion taking positions In th~ local debe maMt and sales by some oil c::ompanies ~.rller In th~ weri:. buo)"ed doHar 1i{lukfity Nigeria plans to issue 171..83 bUUon nai.... (S I.09 bilUon) In treasury biDs ranging from 3-month 10 I ~ar mamrttirs at ils regu1llf hi monthty dd>t auctio n on Octobfor II On the bl - "'~y auction, dl~ ~traJ bank 50kI 1120 million al 155.75,
compared wilh l10-l .8 mil lion sold al d~ samf' pric~ on Monday "\\'~ up«t the naira to litI'ftIgthen tUrthf'f In th~ oorrul1g da~ a~ th~ ma.kel aw...h Int- 5a:oud tranc::he or NNJ'( ; (stale ·owned mergy company) doUBt sal~," on~ dealrrll8kt lh~ NNPC saki about l250 million 10 son~ k nd n-s las! wet'k. boosting th~ local cu rr~ncy to Itli litrong est III five wn..... lhe fiml SUppUH dIe bulk of dollar Ultded on die inlerba,," mark!.
Commodity
by nine pe celt 10 [1.5110 In london and by eigI\I PI!f cenl 10 lJS$2.464 peltOlllllt In New yon. AccordJng to the ILeO, "In Ghana,. officlol cucoa pmcha~ dala rel~ased by Ih~ Gham. Cocoa Board fo r th~ 20 11/20 12 wason f~1I 10 878,52 1 tonnes compared 10 1.025 mllllon tonns recorded In Ihe 20 10/20 11 Ril50n. 11"", eftr, due caution s hould be exercised regarding these rumulad~ dat. on cocoa beans s upply, as they are Ukdy to be revised when more lnfo rmadon becomes ava.Uable: pel" IOflOe
' CCO
d_ Uy pri ce $ / tonn e
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News.""""""" demand 00D ....... buttr:r and powder ahead ~ the 0IristmaI hoIday tea80n supported pricl'I b COCOIl
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the ~ to ~ 2012 p<riod '" ....,.,. ond Nonb Ammca wi( be pubHshrd in the !"l"*kIe cI October IIld IllOIII ~ ezp«t thai: they lI." ~ a £unher di!aeme in aaMty compared 10 the w, tspJi idiI '" QlJIII1er dthe Jft"bIS IeII5On-
Gold retreats with euro, mounting concern on growth oId"",.,\VtdneJ day, poised for it5
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Ir.I1 fouf-dHyblin~
strNk gnao Au gust. mking II cue &onl rum ~ as te. mounted on IX'I""1pherW ~ lOIY econollues ~ \'oidl wider concertI about thr gIoba1 foCDlOI'ny
lnYe5lors dw.lO dM! doI-
!at which held near a
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monlt. hl8h ~ a ~ of currencle!. wtth growin@, ~ on the lack 0/. drar tirnetabIr for a Spanish bailout. The lnlemadonaI Moo
ttaI)'
F'II'~ rWllll1dal 00U1l
smr~on \\~th..-.
lhf' lUnd was"~ by Spaln·s MtemptS to roc:/uct' it5 budS"1 ddlot. da:stung hope thai M... drie) woukI ~ . ..,JlyroraJd. be Vinals. ~ollhr ItolF"1 I~ and capkal nlilrl.t't5 dq... uneill .sdt'd !hac tiM! cb:i*ln 10 fakto "I' lhf' Etrropean ee.n.I Bank·s recft1IIy-announced bond buying plan lay wldl thr Sprarush Mlthorities.
lhr IMF CUI Its gIobiII growth iIn!cw. for 2012 to 3.3 pn"Cft1l from an NJtit'f estimate of 15 pen:enl and pttdk:trd a C'OI1InIICtion in the eJn) 1:Of"IIt 01 D.4 pet:ftIl
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Spa< ..... "'"""' .......... bya~~
nded 02 pen:e-c lower • $1,76 1.16 per oo.n:e by 1419 Q.fT (1019 do8e to a
ron
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were IowerMSI,76IJ1l. Mft
~
CUl"mC)'
n IOWJi I...... a In the abJenct' 01 any runher inbmadon about SpaIn's bdout and the
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