APRIL 21 2017: ACTIVITY UP; DOWN AT NIGERIAN; NAIROBI SEs

The only thing Africa's two NSEs shared in common today April 21, 2017 was that All share indices dropped but activity was clearly a case of different strokes.

NIGERIAN STOCK EXCHANGE

At the Nigerian stock exchange, today April 21, ASI went down 0.37% to 25189.37 after Thursday's 0.19% drop but traded volume and deals sealed increased by 16% to 171.6m units and 10.4% to 2846 respectively.

Once again, there was no major offload but a scattered shower of fairly large parcels from different segments of the equity market.

FCMB Group led volume with 5th ranked 125 deals for 35.5m shares accompanied by 1% price decrease.

It was followed by Transcorp PLC with equally 2nd placed 208 deals for 33.27m units that led to 4.30% price gain which sat well at the rare of above 4% gainers.

At 3rd place in terms of volume was Flour Mills of Nigeria in which 15.5m shares changed hands in 33 deals without a change in price per share.

Two other equities closed the day with deals above 10m units: Diamond bank recorded 79 deals for 14.369m units at a price up 1.12% while FBN Holdings witnessed real scramble which resulted in leading 406 deals for 10.8m while the price per share dropped by 5.54%, the second highest for the day.

The decrease in ASI must have been driven by 1.13% drop in consumer goods index to 616.44; 0.72% decrease of the banking index to 268.11 and the impact of price drops in relatively heavyweight FBN and Zenith bank.

In all there were 18 losers and 15 gainers with the losers paced by 7up Bottling in both Naira and % terms as it dropped by 9.74% or N9.71 per share. 7up also recorded 92 deals for 25,693 units.

Nigerian Breweries then trailed it by losing N3.89 per share although in % terms, the reflective 3.14% loss did not make it above 4% list.

Aside from 7up and FBN Holdings other above 4% losers include Union Bank down 5% as 30 deals were sealed for 544,094units; NPF Microfinance down 4.88% with 6 deals for 265,655 shares; Tranex which closed 4.4% down and AG Leventis, that in a fairly rare showing dropped 4% for 3 deals involving 52,912 units.

Livestock Feeds led the 15 gainers in terms of % gain recording 8.33% price per share increase for 14 deals that changed the ownership of 299,683shares.

Unilever Nigeria, a member of the Unilever international group which informed the market Wednesday of some strategic divestment in the works, rose 7.09% to trail Livestock feeds % gain lead but actually paced Naira gain since this amounted to N2.35 per share.

Other major % gainers were Dangote Sugar, up 5%; Stanbic IBTC up 4.97%; Honeywell Flour with 4.90%; Nearest Air service up 4.86% and Jaiz Bank which gained 4.76% to record 25 deals for 9th ranked 6.2m shares.

NAIROBI SECURITIES EXCHANGE

At the Nairobi Securities Exchange it was tumble all the way for all indicators in the equity market but the bond market showed some resilience.

The All shares index continued on its slide by losing 0.21% to 133.50 in tow with market capitalisation.

Traded volume too tumbled by 60.8% to 8.957m, just a little above what was traded in Safari Com alone the previous day.

Partially as a result of the volume decline, traded value too lost 54.8% to 324.69m Ksh compared to Thursday 717.8m Ksh.

Finally, there was 16.9% decrease in number of deals recorded to 916 after two days of rally.

Most equities recorded below average traded volume with Thursdsy's lead volume contributor, KCB Group accounting for only 1.12m units.

It thus trailed from a distance, equally below average 4.4m or 49.2% of the day's volume for by Safari com.

Yet, shares for sale were so relatively scarce that both ended up being the only ones with deals for above 1m units.

The closest to them was Mumias with deals for above average 778,100 units which once again confirmed the equity as one of the ones sure of at least a deal on daily basis.

East African Breweries still put up a good showing on a dry day with deals for 690,400 units. Then the banks, beside KCB recorded deals for above 100,000 units each to round up the four day trading week.

At the bond market, 1355m Ksh traded value in fixed income above 50m nominal value helped total traded value up by 51.7% to 1390m Ksh.

Comments

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more