ALL SHARES INDICES APACE OPPOSITE DIRECTIONS
At Africa's two NSEs, the All shares index moved apace but in opposite directions today March 31.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange it was a question of 0.07% easing to 25516.34 despite pressure upwards from the manufacturing sector where many gainers pushed the industrial index up by 4.36% to 1596.51.
Price drops recorded in the insurance, consumer goods and banking segments of the market had driven their respectively indices down and so with weighty premium index gaining 0.06%, the very marginal drop in ASI was inevitable.
In all there were 19 gainers and 17 losers with the top 8 % gainers with above 4% and they were dominated by manufacturing companies, many with recently released 2016 results.
Top gainer in both Naira and % was cement manufacturer, La Farge Africa ul 10.23% or by N3.99 per share accompanied by 46 deals for 278,736 units.
Three other manufacturers followed on the % gain scale: Honeywell Flour (5% up); Dangote sugar (4.99%); and Beta Glass which gained 4.98% as abit rare 7 deals for 266,232shares were sealed.
Indeed, the top 8 % gainers was only broken into two by non-manufacturing Eterna oil with 4.95% to trail Beta Glass ahead of three other manufacturers; Cadbury Nigeria, up 4.89%; Unilever 4.51% and Okomu oil palm which gained 4.17%.
The losers were led by rarely traded Mat and Baker as 7 deals were posted for 150,400 shares followed by Livestock feeds ( down 4.84%); Unity Bank with minus 4.48% and UAC Property down 4.12%.
As it turned out ASI drop was market solo because number of deals rose by 21% to 3159 while traded volume increased by 68.7% to 593,869,361 units.
A major offload occurred in Mobil oil in which day high 216.486m units were sold in 38 deals without change in price.
From quite a distance, Zenith recorded 196 deals for 69.1m shares and Fidelity bank recorded 7th placed 132 deals for 41.838m shares.
Top deals were recorded in UBA as 350 deals were sealed for 22m units followed by 260 deals for 16.3m shares in Sterling bank; 202 deals in FBN Holdings for 8.25m shares and then Zenith bank's 196 deals for second placed 69.1m units.
Three other equities had deals above 100 and that included Access bank's 155 deals for 15.8m units; GTB with 131 deals for 4.62m shares and FCMB in which 113 deals were struck for 20.94m units.
NAIROBI STOCK EXCHANGE:
At the Nairobi stock exchange, shift in All shares index was marginal too (0.06%) but it was an increase not a drop.
And it occurred as all other key activity indicators ended up in a day it was apparently easy to recover from a low. Not so though for flagship Bond marker where the drop continued.
Mainly, as Safaricom recorded deals for 5.417m shares compared to yesterday's less than a million units.
The banking sector too also contributed significantly to the volume 78.3% increase to 19.274m units and 162.2% rise in traded value to N466.934m.
KCB Group had chipped in deals for 4.995m units followed in the same sector by Cooperative bank with deals for 2.785m shares before Barclay's bank of Kenya's deals for 1.643m shares.
Indeed, Equity Group Holdings had deals for 795,500 units to add to the total volume before ARM Cement in the Construction and allied sector had deals for 650,000 units to count just behind Kenya Reinsurance's deals for 652,000 shares but ahead of almost sure daily deal Mumias Sugar in which 426,000 units changed hands.
The drop in the bond market was by 68.1% to 929.9m Ksh traded value. This was as value traded in government fixed income above 50m plumetted by 67.5% to 905.75m Ksh; value in those with below 50m Ksh dived by 80.9% to 24.15m shares and trade through buy back or sell transactions was zero day two.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange it was a question of 0.07% easing to 25516.34 despite pressure upwards from the manufacturing sector where many gainers pushed the industrial index up by 4.36% to 1596.51.
Price drops recorded in the insurance, consumer goods and banking segments of the market had driven their respectively indices down and so with weighty premium index gaining 0.06%, the very marginal drop in ASI was inevitable.
In all there were 19 gainers and 17 losers with the top 8 % gainers with above 4% and they were dominated by manufacturing companies, many with recently released 2016 results.
Top gainer in both Naira and % was cement manufacturer, La Farge Africa ul 10.23% or by N3.99 per share accompanied by 46 deals for 278,736 units.
Three other manufacturers followed on the % gain scale: Honeywell Flour (5% up); Dangote sugar (4.99%); and Beta Glass which gained 4.98% as abit rare 7 deals for 266,232shares were sealed.
Indeed, the top 8 % gainers was only broken into two by non-manufacturing Eterna oil with 4.95% to trail Beta Glass ahead of three other manufacturers; Cadbury Nigeria, up 4.89%; Unilever 4.51% and Okomu oil palm which gained 4.17%.
The losers were led by rarely traded Mat and Baker as 7 deals were posted for 150,400 shares followed by Livestock feeds ( down 4.84%); Unity Bank with minus 4.48% and UAC Property down 4.12%.
As it turned out ASI drop was market solo because number of deals rose by 21% to 3159 while traded volume increased by 68.7% to 593,869,361 units.
A major offload occurred in Mobil oil in which day high 216.486m units were sold in 38 deals without change in price.
From quite a distance, Zenith recorded 196 deals for 69.1m shares and Fidelity bank recorded 7th placed 132 deals for 41.838m shares.
Top deals were recorded in UBA as 350 deals were sealed for 22m units followed by 260 deals for 16.3m shares in Sterling bank; 202 deals in FBN Holdings for 8.25m shares and then Zenith bank's 196 deals for second placed 69.1m units.
Three other equities had deals above 100 and that included Access bank's 155 deals for 15.8m units; GTB with 131 deals for 4.62m shares and FCMB in which 113 deals were struck for 20.94m units.
NAIROBI STOCK EXCHANGE:
At the Nairobi stock exchange, shift in All shares index was marginal too (0.06%) but it was an increase not a drop.
And it occurred as all other key activity indicators ended up in a day it was apparently easy to recover from a low. Not so though for flagship Bond marker where the drop continued.
Mainly, as Safaricom recorded deals for 5.417m shares compared to yesterday's less than a million units.
The banking sector too also contributed significantly to the volume 78.3% increase to 19.274m units and 162.2% rise in traded value to N466.934m.
KCB Group had chipped in deals for 4.995m units followed in the same sector by Cooperative bank with deals for 2.785m shares before Barclay's bank of Kenya's deals for 1.643m shares.
Indeed, Equity Group Holdings had deals for 795,500 units to add to the total volume before ARM Cement in the Construction and allied sector had deals for 650,000 units to count just behind Kenya Reinsurance's deals for 652,000 shares but ahead of almost sure daily deal Mumias Sugar in which 426,000 units changed hands.
The drop in the bond market was by 68.1% to 929.9m Ksh traded value. This was as value traded in government fixed income above 50m plumetted by 67.5% to 905.75m Ksh; value in those with below 50m Ksh dived by 80.9% to 24.15m shares and trade through buy back or sell transactions was zero day two.
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