MAY 16 2017: ACTIVITY DOWN AT NIGERIAN SE, UP AT NAIROBI SE
Most indicators at Africa's two NSEs pointed in opposite directions for both markets today May 16, after yesterday's all round decline,
NIGERIAN STOCK EXCHANGE;
The All share index recovered at the Nigerian stock exchange by 0.35% after three days of bearish tendencies led to drops but activity indicators were mostly down today May 16 at the market.
The ASI increase occurred despite a major 3.37% decrease in oil and gas index amidst very marginal growths in others and despite 0.01% drop in the price of Dangote cement. The increase was driven by 1.27% rise in consumer index to 701.75 and higher than ASI growths in Banking, Pension, Main and NSE 30 indices.
In spite of the ASI rally though, activity indicators pointed in the opposite direction. Traded value dropped by 15.5% to N6.682bn; traded volume declined by 46.5% to 569.1m and number of deals recorded dropped by 13.3% to 4632.
Two equities alone contributed above 50% of the day's traded value: Dangote Cement in which 79 deals were sealed for 10m units worth N1.639bn even as the price dropped by N0.01 per share and Access bank which witnessed 4th ranked 256 deals for 174.8m shares worth N1.239bn as it gained N0.17 per share or 2.43%.
Five other equities clocked above N100m traded value too. Zenith Bank recorded N487.9m traded value to place 2nd in value terms as 2nd ranked 461 deals were clinched for 28.46m shares at a price up by 0.64%; Nigerian Breweries had 8th ranked 100 deals for 3.306m units worth N468.7m and Oando witnessed 3rd ranked 357 deals for 2nd placed 60.79m units worth N434m even as the price eased by N0.01 per share or 0.13%..
Others with above N100m traded value were Ecobank Transnational with 71 deals for 32.9m shares worth N311m; FBN Holdings in which day high 472 deals for 3rd placed 45.3m shares worth N176.4m and Flour mills closed the day with 55 deals for 6.112 units worth N120m at a price up 3.15% or by N0.58 per share.
Most of these equities also had leading traded volume but not exclusively. Fidelity bank witnessed 180 deals for 4th ranked 44.58m shares but worth N41.298m; Transcorp recorded 132 deals for 10.9m units but valued at N12.2m and Diamond bank recorded 116 deals for 14.7m shares worth N13.6m.
There were 23 gainers this time around and 17 losers reversing recent days of consistent overwhelming of losers by gainers. Top gainer in % terms was International Breweries up 5.00% or N1 per share followed by Custodian Insurance with 4.89%; FCMB up 4.67%; Transcorp (4.59%); African Prudential registrars up 4.53%; CAP plc (4.39% up) and Sterling bank with 4.17% gain.
In Naira terms however, top gain was by Nigerian Breweries, up N3.33 per share or 2.35%; followed by Okomu Oil with N1.50 gain per share or 3.09%and CAP plc with N1.45 per share gain.
Of the 17 losers only three were major in % terms and only one in Naira terms. Seplat Petroleum led both Naira and % drops with N34.20 per share decrease or 9.00% followed by Dangote sugar which went down by 8.15% and La Farge Africa, down 4.99%. This time, Dangote Cement led losers from the rare with N0.01 or 0.01% per share drop.
NAIROBI SECURITIES EXCHANGE
At Nairobi securities exchange, unlike for the Nigerian stock exchange, ASI dropped by 0.07% while activity indicators showcased rally for the market today, May 16, 2017.
At the close today's trading, traded volume rallied strongly to 73.7m units compared to very low 7.955m shares on Monday; traded value jumped to 1.378bn Ksh compared to 141m Ksh previously and number of deals increased by 36.6% to 1530.
Safari com dictated both traded volume and value pace as 41.9m units or 56.9% of traded volume was offloaded worth 858m Ksh or 62.25% of traded value. The shares were traded at between 20.25 and 20.50 K sh per share.
The banking sector, even with all 11 equities quoted therein recording deals, contributed a distant 320m Ksh or 23.2% to the day's traded value. This was heralded by KCB Group with deals for 7.937m units at between 35 and 36.75 Ksh worth 281m Ksh. Equity Group too chipped in 26mKsh with deals for 784,400 units at price down 25 Kenyan cents per share just as Cooperative bank contributed 5.9m Ksh worth of deals for 350,000 units.
Energy and Petroleum's Ken Gen also recorded abit of an offload too with deals for 10.1m units involving shares sold at between 6.70 and 6.85 Ksh per share worth 68m Ksh thus contributing a substantial part of the 107m Ksh or 7.7% contributed by the sector to traded value for the day.
Ken power too was a major contributor in this sector as it recorded deals for 4.362m shares at 6.50 Ksh per share worth 28m Ksh.
In the commercial and services sector, overall contribution to traded value was 1.01% most of it from deals for 1.71m units in Kenya Air at between 6.80 and 7.35 Ksh per share.
Construction and allied sector too contributed its 41.7m or 5.48% to traded value on the back of the deals for 260,000 units in high priced Bamburi cement at between 160 and 161 Ksh per share worth 41.6m.
Manufacturing and allied also climbed on deals for 242,400 units in high priced East African Breweries worth 53.9m Ksh at price down 3.6% to chip in 59.7m Ksh or 4.34% of traded value
The bond market recovered slightly to N1.195bn ksh traded value compared to 799m Ksh on Monday.
NIGERIAN STOCK EXCHANGE;
The All share index recovered at the Nigerian stock exchange by 0.35% after three days of bearish tendencies led to drops but activity indicators were mostly down today May 16 at the market.
The ASI increase occurred despite a major 3.37% decrease in oil and gas index amidst very marginal growths in others and despite 0.01% drop in the price of Dangote cement. The increase was driven by 1.27% rise in consumer index to 701.75 and higher than ASI growths in Banking, Pension, Main and NSE 30 indices.
In spite of the ASI rally though, activity indicators pointed in the opposite direction. Traded value dropped by 15.5% to N6.682bn; traded volume declined by 46.5% to 569.1m and number of deals recorded dropped by 13.3% to 4632.
Two equities alone contributed above 50% of the day's traded value: Dangote Cement in which 79 deals were sealed for 10m units worth N1.639bn even as the price dropped by N0.01 per share and Access bank which witnessed 4th ranked 256 deals for 174.8m shares worth N1.239bn as it gained N0.17 per share or 2.43%.
Five other equities clocked above N100m traded value too. Zenith Bank recorded N487.9m traded value to place 2nd in value terms as 2nd ranked 461 deals were clinched for 28.46m shares at a price up by 0.64%; Nigerian Breweries had 8th ranked 100 deals for 3.306m units worth N468.7m and Oando witnessed 3rd ranked 357 deals for 2nd placed 60.79m units worth N434m even as the price eased by N0.01 per share or 0.13%..
Others with above N100m traded value were Ecobank Transnational with 71 deals for 32.9m shares worth N311m; FBN Holdings in which day high 472 deals for 3rd placed 45.3m shares worth N176.4m and Flour mills closed the day with 55 deals for 6.112 units worth N120m at a price up 3.15% or by N0.58 per share.
Most of these equities also had leading traded volume but not exclusively. Fidelity bank witnessed 180 deals for 4th ranked 44.58m shares but worth N41.298m; Transcorp recorded 132 deals for 10.9m units but valued at N12.2m and Diamond bank recorded 116 deals for 14.7m shares worth N13.6m.
There were 23 gainers this time around and 17 losers reversing recent days of consistent overwhelming of losers by gainers. Top gainer in % terms was International Breweries up 5.00% or N1 per share followed by Custodian Insurance with 4.89%; FCMB up 4.67%; Transcorp (4.59%); African Prudential registrars up 4.53%; CAP plc (4.39% up) and Sterling bank with 4.17% gain.
In Naira terms however, top gain was by Nigerian Breweries, up N3.33 per share or 2.35%; followed by Okomu Oil with N1.50 gain per share or 3.09%and CAP plc with N1.45 per share gain.
Of the 17 losers only three were major in % terms and only one in Naira terms. Seplat Petroleum led both Naira and % drops with N34.20 per share decrease or 9.00% followed by Dangote sugar which went down by 8.15% and La Farge Africa, down 4.99%. This time, Dangote Cement led losers from the rare with N0.01 or 0.01% per share drop.
NAIROBI SECURITIES EXCHANGE
At Nairobi securities exchange, unlike for the Nigerian stock exchange, ASI dropped by 0.07% while activity indicators showcased rally for the market today, May 16, 2017.
At the close today's trading, traded volume rallied strongly to 73.7m units compared to very low 7.955m shares on Monday; traded value jumped to 1.378bn Ksh compared to 141m Ksh previously and number of deals increased by 36.6% to 1530.
Safari com dictated both traded volume and value pace as 41.9m units or 56.9% of traded volume was offloaded worth 858m Ksh or 62.25% of traded value. The shares were traded at between 20.25 and 20.50 K sh per share.
The banking sector, even with all 11 equities quoted therein recording deals, contributed a distant 320m Ksh or 23.2% to the day's traded value. This was heralded by KCB Group with deals for 7.937m units at between 35 and 36.75 Ksh worth 281m Ksh. Equity Group too chipped in 26mKsh with deals for 784,400 units at price down 25 Kenyan cents per share just as Cooperative bank contributed 5.9m Ksh worth of deals for 350,000 units.
Energy and Petroleum's Ken Gen also recorded abit of an offload too with deals for 10.1m units involving shares sold at between 6.70 and 6.85 Ksh per share worth 68m Ksh thus contributing a substantial part of the 107m Ksh or 7.7% contributed by the sector to traded value for the day.
Ken power too was a major contributor in this sector as it recorded deals for 4.362m shares at 6.50 Ksh per share worth 28m Ksh.
In the commercial and services sector, overall contribution to traded value was 1.01% most of it from deals for 1.71m units in Kenya Air at between 6.80 and 7.35 Ksh per share.
Construction and allied sector too contributed its 41.7m or 5.48% to traded value on the back of the deals for 260,000 units in high priced Bamburi cement at between 160 and 161 Ksh per share worth 41.6m.
Manufacturing and allied also climbed on deals for 242,400 units in high priced East African Breweries worth 53.9m Ksh at price down 3.6% to chip in 59.7m Ksh or 4.34% of traded value
The bond market recovered slightly to N1.195bn ksh traded value compared to 799m Ksh on Monday.
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