MAY 15, 2017: DECLINES ALL THE WAY AT TWO NSEs
It was decline Monday May 15, 2017 at Africa's two NSEs: Nigerian stock exchange and Nairobi securities exchange,
NIGERIAN STOCK EXCHANGE:
Because the Nigerian stock market closed on a very high traded volume on Friday, Monday's top offload in some equities fell short by 36.9% thus confirming the day of drops all round as the bears seemed to grunt amidst bulls further retreat.
The All shares index ASI went down by 2.41% to 27513.69 even as heavyweight Dangote Cement moved in the opposite direction by gaining 4.16% or N6.51 per share to place 3rd amongst % gainers and number one in terms of Naira gains.
Dangote cement only succeeded in exceptionally closing Premium index 2.09% up at 1752.64 despite major % drops by the two other premium equities: Zenith Bank down 5.68% and FBN Holdings with 5.49% decrease.
Neutralising Dangote Cement were heavy drops in Oil and gas leading to 4.46% decline in the sectors index to 309.90; Consumer equities with consumer index going down 3.66% to 692.96; banking as most banks except Union and Wema lost grounds leading to 3.27% decrease in banking index to 317.12 and even decline in NSE 30 index to 1255.59 (minus 2.69%).
In fact, all indices recorded above 1 % decline each with the exception of premium index and the emerging market (ASEM) index which hardly moves any inch day by day.
The seeming grunt of the bears resulted in 41 losers, most likely an all year high out of which equally remarkable 24 closed down above 4%. Leading the pack was Oando plc once again, down 9.63% of course in % rankings followed by Eterna oil down 9.51%; Fidson Healthcare with 9.38% drop and Diamond bank, down 9%.
Seplat Petroleum led Naira losers with 5% drop or N20 per share with Oando plc following from a very long distance. Joining Seplat down 5% and above were Zenith Bank; FBN Holdings; Forte oil; and Jaiz Bank.
There were only 10 gainers led by Dangote Cement in Naira terms by by Law Union and Rock Insurance up 5% as 6 deals for 393,000 units were recorded followed by Presco up 4.26% or also 2nd placed N2.00 per share.
Traded volume dropped by 36.9% to 670.974m shares with traded value of N7.91bn. In all 7 equities were responsible for 81.7% of the traded volume and because some were high priced, top 7 contribution to traded value came to only 93.6%..
Leading in value terms was Zenith bank with N4.05bn as 2nd ranked 399 deals involved day high 225.3m offload were struck and Access bank in which 4th placed 313 deals were sealed for 2nd ranked 173.34m offload valued at N1.21bn since the price dropped by 2,91%. Both were trailed by GTB with 3rd pladed 388 deals for 27.5m units valued at N794.1m and Ecobank Transnational Incorporated which witness 78 deals for 77.5m offload valued at N747.975m .
Other top 7 contributors to traded value were Dangote cement in which 38 deals wre struck for 1.8m shares and with the price up by N20 per share, traded value came to N295.95m; FBN Holdings with traved worth of N174.67m in day high 438 deals and Nigerian Breweries which dropped 4.42% recording 7th placed 107 deals for 849,502 shares worth N120,5m
Total number of deals struck also dropped by 24.5% to 4034.
NAIROBI SECURITIES EXCHANGE;
At the Nairobi securities exchange it was also decline Monday as All shares index eased by 0.022% to 137.77; traded volume tumbled by 72,8% to 7.955m units; traded value dived by 79.5% to 141m Ksh and total deals also went down by 16.9% to 1120.
Not to be left out, traded value at the flagship bond market came to only 799m Ksh, far below the above 1bn ksh low in recent times.
Safari com still paced the market in both traded volume and value as deals were struck for 2.144 shares or 27% of total volume at about 20.25 per share for 43m Ksh or 30.5% traded value.
None of the 11banks had deals for above 0.5m units but collectively, the 10 that witnessed deals contributed 37.9m Ksh or 26.9% to traded value. Major contributors were Equity Group in which deals for 358,100 units were sealed at between 32.75 and 33.75 for 11.7m Ksh worth; NIC bank as 275,800 units changed hands at 27.25 ksh per share (up 25 Kcents) for 7.5m Ksh worth and Cooperative bank which recorded seals for 356,300 units worth 5.9m Ksh at 16.70 Ksh per share.
The only other equity with deals for above 1m shares was Commercial and services sector's KenYa Air in which 1.388m shares changed hands at a price up 5.88% for 9.9m ksh worth leading to the sector's 12m Ksh traded value or 2,67% of total.
Manufacturing and allied sector contributed 16.33% or 23m Ksh to traded value with East African Breweries responsible for 20m Ksh from 87,500 units traded at between 22 and 233 Ksh per share.
NIGERIAN STOCK EXCHANGE:
Because the Nigerian stock market closed on a very high traded volume on Friday, Monday's top offload in some equities fell short by 36.9% thus confirming the day of drops all round as the bears seemed to grunt amidst bulls further retreat.
The All shares index ASI went down by 2.41% to 27513.69 even as heavyweight Dangote Cement moved in the opposite direction by gaining 4.16% or N6.51 per share to place 3rd amongst % gainers and number one in terms of Naira gains.
Dangote cement only succeeded in exceptionally closing Premium index 2.09% up at 1752.64 despite major % drops by the two other premium equities: Zenith Bank down 5.68% and FBN Holdings with 5.49% decrease.
Neutralising Dangote Cement were heavy drops in Oil and gas leading to 4.46% decline in the sectors index to 309.90; Consumer equities with consumer index going down 3.66% to 692.96; banking as most banks except Union and Wema lost grounds leading to 3.27% decrease in banking index to 317.12 and even decline in NSE 30 index to 1255.59 (minus 2.69%).
In fact, all indices recorded above 1 % decline each with the exception of premium index and the emerging market (ASEM) index which hardly moves any inch day by day.
The seeming grunt of the bears resulted in 41 losers, most likely an all year high out of which equally remarkable 24 closed down above 4%. Leading the pack was Oando plc once again, down 9.63% of course in % rankings followed by Eterna oil down 9.51%; Fidson Healthcare with 9.38% drop and Diamond bank, down 9%.
Seplat Petroleum led Naira losers with 5% drop or N20 per share with Oando plc following from a very long distance. Joining Seplat down 5% and above were Zenith Bank; FBN Holdings; Forte oil; and Jaiz Bank.
There were only 10 gainers led by Dangote Cement in Naira terms by by Law Union and Rock Insurance up 5% as 6 deals for 393,000 units were recorded followed by Presco up 4.26% or also 2nd placed N2.00 per share.
Traded volume dropped by 36.9% to 670.974m shares with traded value of N7.91bn. In all 7 equities were responsible for 81.7% of the traded volume and because some were high priced, top 7 contribution to traded value came to only 93.6%..
Leading in value terms was Zenith bank with N4.05bn as 2nd ranked 399 deals involved day high 225.3m offload were struck and Access bank in which 4th placed 313 deals were sealed for 2nd ranked 173.34m offload valued at N1.21bn since the price dropped by 2,91%. Both were trailed by GTB with 3rd pladed 388 deals for 27.5m units valued at N794.1m and Ecobank Transnational Incorporated which witness 78 deals for 77.5m offload valued at N747.975m .
Other top 7 contributors to traded value were Dangote cement in which 38 deals wre struck for 1.8m shares and with the price up by N20 per share, traded value came to N295.95m; FBN Holdings with traved worth of N174.67m in day high 438 deals and Nigerian Breweries which dropped 4.42% recording 7th placed 107 deals for 849,502 shares worth N120,5m
Total number of deals struck also dropped by 24.5% to 4034.
NAIROBI SECURITIES EXCHANGE;
At the Nairobi securities exchange it was also decline Monday as All shares index eased by 0.022% to 137.77; traded volume tumbled by 72,8% to 7.955m units; traded value dived by 79.5% to 141m Ksh and total deals also went down by 16.9% to 1120.
Not to be left out, traded value at the flagship bond market came to only 799m Ksh, far below the above 1bn ksh low in recent times.
Safari com still paced the market in both traded volume and value as deals were struck for 2.144 shares or 27% of total volume at about 20.25 per share for 43m Ksh or 30.5% traded value.
None of the 11banks had deals for above 0.5m units but collectively, the 10 that witnessed deals contributed 37.9m Ksh or 26.9% to traded value. Major contributors were Equity Group in which deals for 358,100 units were sealed at between 32.75 and 33.75 for 11.7m Ksh worth; NIC bank as 275,800 units changed hands at 27.25 ksh per share (up 25 Kcents) for 7.5m Ksh worth and Cooperative bank which recorded seals for 356,300 units worth 5.9m Ksh at 16.70 Ksh per share.
The only other equity with deals for above 1m shares was Commercial and services sector's KenYa Air in which 1.388m shares changed hands at a price up 5.88% for 9.9m ksh worth leading to the sector's 12m Ksh traded value or 2,67% of total.
Manufacturing and allied sector contributed 16.33% or 23m Ksh to traded value with East African Breweries responsible for 20m Ksh from 87,500 units traded at between 22 and 233 Ksh per share.
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