April 25: SUPER AT NAIROBI; FOR RARE ONES AT NIGERIAN SE.

NAIROBI SECURITIES EXCHANGE

It was indeed superlative Tuesday today April 25 at the Nairobi securities exchange as traded volume and value more than doubled and number of deals almost doubled although All shares index dropped by 0.7%.

At the bond market too, it was super topping of yesterday's value growth with traded value rising by 76.4% to giddy 3331.5m Ksh.

The leaps recorded in the equity market occurred as top volume deals in relatively priced equities combined with trading activity in higher priced ones.

Traded value in particular rose by 177.5% to 863.5m Ksh principally as fairly high priced KCB group recorded deals for 7.347m units at between 30 and 32.5 Ksh per share and Equity Group Holdings too, though down 5 Kenyan cents, had deals for 5.738m shares at 33.25 Ksh per share.

And so, with fellow banking sector equity, Diamond Trust bank also having sealed deals for 256,000 units at high priced 125 (up 4.16%), the banking sector ended up contributing 468m Ksh or 54.2% to the day's traded value especially as all banks recorded deals, no matter how small the units involved.

However,day high volume pride of place went to Safari Com as usual because deals for 12.876m shares were sealed but it only amounted to 244m or about 28.3% of the day's traded value.

This of course helped to drive traded volume up by 192.4% to 31.6m units.

Two other equities recorded deals for above 1m units each to pep the day's activity. Construction and allied sector contributed 5.71% to traded value as ARM cement recorded deals for 2m units at 24 Ksh per share and Britam Holdings had deals for 1.097m units at between 9.75 and 10 Ksh per share.

The manufacturing and allied sector, though having only 6 out of 10 equities having deals, chipped in  8.45% of traded value as high priced East African Breweries recorded deals involving 302,300 shares at between 235 and 240 Ksh per share.

With all these changing hands in one day, number of deals naturally rose by 63.4% to 1126 from Monday's lowly 689.

At the flagship bond market, traded value hit the highest level since Henates reports on Nairobi closing at 3331.5m Ksh as traded

NIGERIAN STOCK EXCHANGE

At the Nigerian stock exchange it was somehow superlative too but for rare equities as they surfaced to dominate price shifts and 0.28% rise in All shares index even as volume dropped.

In all there were 24 gainers out of which 10 rose by above 4%. Of this top group five were equities hardly traded on the floor.

Top of this heap with day high % gain was Ashaka Cement up 10.19% or bu N0.92 per share as 6 deals were clocked for 144,017 units at N9.95 per share.

Trailing Ashaka Cement was UAC Property with 9.71% gain but it only helped to punctuate what could have been a cluster lead by the rare ones.

Fidson Healthcare followed with rare 6 deals for 217,200 units at N1.05 per share or up 9.38%.

NEM Insurance was also not a daily traded equities as such and it closed 5% up like C &I leasing.
While NEM recorded 17 deals for 15.7m units incidentally second highest volume for the day.

On the other hand, C %I Leasing price was with 32 deals for 8th placed 5.595m units.

Two very rare equities made the top ten gainers: Cutix and Pharmadeko. In just 2 deals for 110,000 shares, at N1.7 per share, Cutix added 4.94% just like big brother from oil and gas, that actually ended up being the real ASI mover for the day  of low priced and lightweight gains.

Mobil oil gained 5% per share but actually represented N15.99 per share  to drive oil and gas index up 1.07% and help give ASI a shove too.

Pharma Demo was the other rare equity up by above 4% gaining 4.74% as 3 deals were struck for 87637 units. Newrest Air Service was ahead of it though gaining 4.88% for 10 deals involving 525,000 shares.

Other above 4% gainers were Honeywell Flour, up 4.67%; Jaiz Bank by 4.55%( rarely traded too) and Sterling bank with 4.17% gain.

There were 10 losers half with above 4% gain cluster led by Champion Breweries in rare 2 deals for 128,000 shares at price down 4.86% or by N0.12 per share.

Others were Learn Africa,down 4.65%; Livestock feeds down 4.62%; Diamond Bank down 4.21% and Transcorp with 4.12% drop.

Traded volume closed the day down by 39.8 % to 127.4m while number of deals came to 3176, up about 4%.

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