APRIL 13: FIDELITY AND SAFARICOM STILL PACE
At Africa's two NSEs Thursday April 14, Fidelity Bank and Safaricom set very relatively high pace for traded volume that closing volume more than tripled at Nairobi Securities exchange to 89.3m shares and increased by 41% to 349.278m units at the Nigerian stock exchange.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange it was the third consecutive day of Fidelity Bank offload pace setting the equities market.
This time however, 112.26m shares were offloaded in Fidelity Bank and continued investors interest led to equally day high 365 deals but like for Wednesday this did not repeat Tuesday's simultaneous d top % price increase.
Fidelity Bank ended the day 0.99% up at N1.02 per share. Although, alone tge offload could not driven total volume that high without support from three other equities with deals for above 30m units each.
The Fidelity lead was followed by FBN Holdings with 2nd placed 256 deals for also 2nd ranked 62.432m units at marginal 0.31% up per share.
FCMB too contributed fairly to volume growth by recording 6th ranked 121 deals for 32.03m shares while gaining 2.97% on opening price per share.
The same with Zenuth bank in which 4th ranked 174 deals for also 4th placed 30.93m shares were sealed at 0.84% up per share.
Total number of deala dropped though by 2.85% to 2826 despite the high interest in the leading volumes that led to leading deals too.
Besides, equities like GTB, and UBA chipped in fairly number of deals too to no avail. In GTB 3rd ranked 206 deals were recorded for 16.142m shares while UBA came up with 5th placed 142 deals for 10.079m units.
There were 21 gainers and 10 losers but the crowd of gainers only helped to inch All shares index up (0.05%) for the second trading day to 25510.01 after starting the trading week with drops.
Top gainer was rarely traded C &I Leasing which had been active in recent days. It closed 8.47% up at N0.54 per share and recorded 32 deals for 6.285m units that managed to rank 10th volume wise.
Incidentally, only NASCON Allied followwd with above 4% gain (5.30%) while it recorded 77 deals for 2.678m shares.
In the case of the losers, only one equity lost above 4%. This too was a rarely traded equity, Union Dicon Salt which went down 4.97% to record just one deal for 51,428 shares
NAIROBI SECURITIES EXCHANGE
At the Nairobi securities exchange the major pace setter for volume was Safaricom's surprise deals for 76.38m units. Yes Safari com was the volume pace setter almost every day in the Equities market but hardly to the extent of accounting for 85.5% of volume that more than tripled.
It also ended the day with marginal 0.77% gain in price to 19.6ksh per share.
On a normal day, the banks could have also made quite an impact with the volume traded in the sector. Leading but no where near challenging Safaricon for top spot was KCB Group with deals for 2.48m units; closely followed by always active Cooperative Bank with deals for 2.463m shares.
Above 1m traded volume were also recorded in two other banks: Equity Group Holdings had deals sealed for 1.285m units and Stanbic Holdings recorded deals for 1.032n units.
Two other equities outside the banking sector also contributed fair share to the tripled volume: Energy and Petroleum sector's Ken Gen had deals for 2.277m units and Construction and Allied's ARM Cement ended with deals for 1.455m shares.
Not surprising, the day's traded value rose by 150% to 1866.96m Ksh.but number of deals dropped by 8.53% to 986.
There were 17 gainers and 12 losers. In % terms, the gainers were led by Home Afrika up 5.88% as its price closed at 0.90 Ksh per share.
It was closely followed by Kenya Airways with 6.83% increase to 6.35 and equally active Mumias Sugar that ended the day 5.56% up.
The losers were led by quietly active Sasini ltd which lost 2ksh to close 7.55% down at 24.5 Ksh per share. It was followed by Everready which lost 5.26% to close at 2.70 ksh per share and Total Kenya down 4.60% to 20.75 ksh per share.
At the Bond market traded value was rather low. It came to about 335m Ksh total with above 300Ksh traded in fixed income government bonds of above 50m nominal value.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange it was the third consecutive day of Fidelity Bank offload pace setting the equities market.
This time however, 112.26m shares were offloaded in Fidelity Bank and continued investors interest led to equally day high 365 deals but like for Wednesday this did not repeat Tuesday's simultaneous d top % price increase.
Fidelity Bank ended the day 0.99% up at N1.02 per share. Although, alone tge offload could not driven total volume that high without support from three other equities with deals for above 30m units each.
The Fidelity lead was followed by FBN Holdings with 2nd placed 256 deals for also 2nd ranked 62.432m units at marginal 0.31% up per share.
FCMB too contributed fairly to volume growth by recording 6th ranked 121 deals for 32.03m shares while gaining 2.97% on opening price per share.
The same with Zenuth bank in which 4th ranked 174 deals for also 4th placed 30.93m shares were sealed at 0.84% up per share.
Total number of deala dropped though by 2.85% to 2826 despite the high interest in the leading volumes that led to leading deals too.
Besides, equities like GTB, and UBA chipped in fairly number of deals too to no avail. In GTB 3rd ranked 206 deals were recorded for 16.142m shares while UBA came up with 5th placed 142 deals for 10.079m units.
There were 21 gainers and 10 losers but the crowd of gainers only helped to inch All shares index up (0.05%) for the second trading day to 25510.01 after starting the trading week with drops.
Top gainer was rarely traded C &I Leasing which had been active in recent days. It closed 8.47% up at N0.54 per share and recorded 32 deals for 6.285m units that managed to rank 10th volume wise.
Incidentally, only NASCON Allied followwd with above 4% gain (5.30%) while it recorded 77 deals for 2.678m shares.
In the case of the losers, only one equity lost above 4%. This too was a rarely traded equity, Union Dicon Salt which went down 4.97% to record just one deal for 51,428 shares
NAIROBI SECURITIES EXCHANGE
At the Nairobi securities exchange the major pace setter for volume was Safaricom's surprise deals for 76.38m units. Yes Safari com was the volume pace setter almost every day in the Equities market but hardly to the extent of accounting for 85.5% of volume that more than tripled.
It also ended the day with marginal 0.77% gain in price to 19.6ksh per share.
On a normal day, the banks could have also made quite an impact with the volume traded in the sector. Leading but no where near challenging Safaricon for top spot was KCB Group with deals for 2.48m units; closely followed by always active Cooperative Bank with deals for 2.463m shares.
Above 1m traded volume were also recorded in two other banks: Equity Group Holdings had deals sealed for 1.285m units and Stanbic Holdings recorded deals for 1.032n units.
Two other equities outside the banking sector also contributed fair share to the tripled volume: Energy and Petroleum sector's Ken Gen had deals for 2.277m units and Construction and Allied's ARM Cement ended with deals for 1.455m shares.
Not surprising, the day's traded value rose by 150% to 1866.96m Ksh.but number of deals dropped by 8.53% to 986.
There were 17 gainers and 12 losers. In % terms, the gainers were led by Home Afrika up 5.88% as its price closed at 0.90 Ksh per share.
It was closely followed by Kenya Airways with 6.83% increase to 6.35 and equally active Mumias Sugar that ended the day 5.56% up.
The losers were led by quietly active Sasini ltd which lost 2ksh to close 7.55% down at 24.5 Ksh per share. It was followed by Everready which lost 5.26% to close at 2.70 ksh per share and Total Kenya down 4.60% to 20.75 ksh per share.
At the Bond market traded value was rather low. It came to about 335m Ksh total with above 300Ksh traded in fixed income government bonds of above 50m nominal value.
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