May 17: ASI REVERSE IN NIGERIAN; ACTIVITY AT NAIROBI SEs.

Today. May 17 2017, only the All shares indices ended up in reverse gear at the N igerian stock exchange while market activity indicators did the same at Nairobi Securities exchange.

NIGERIAN STOCK EXCHANGE

At the Nigerian stock exchange the ASI grew by strong 1.05% to 27900.44 thus reversing the 2.4% drop on Tuesday as if the bears had taken over again for a while.

A total of 23 gainers as against 16 rather weak gaibers on Wednesday thus pointed to a change of gear .

Leading the gainers in % terms was Oando back at the top here with 9.90% rise but this equated with only N0.77 top up per share.

Day high Naira gain and so, the major swinger of the ASI rise was high priced and resultant heavyweight Nestle Nigeria up N24.94 per share or 3.12%  with closing 47 deals for 292,980 units.

it was followed by another heavyweight Nigerian Breweries which closed up by N3 per share or 2.07%  with 8th ranked 122 deals for 2.71m shares.

NB was trailed in Naira terms by GTB's N1.20 per share or 4.07% gain with closing day high 421 deals for 2nd placed 30.2m units.

Four major % gainers trailed Oando though with May and Baker up 9.84% or by N0.12per share to close with 23 deals for 743,727 units; and Linkage Assurance rose by 7.41% or N0.04 per share with only 3 deals for 103,000 shares.

Other major % gainers include 11 with above 4% gains led by Redstar Express up 5.10% or N0.21 per share.

The 13 losers were paced by only 3 with above 4% drops: C&I Leasing that dropped by 8.22% or also day high N1.06 per share to close with 28 deals for 10th ranked 11.9m units; Law Union & Rock Insurance down 4.76%  closing with 6 deals for 3rd 30.2m shares and Livestock feeds with 4.71% decline in 16 deals for 843,109 units.

In the end, the pressure for ASI reverse gear came more from 1.99% rally in Consumer index to 715.69; 1.63% rise in main board index to 1297.02; 1.56% increase in oil and gas index to 304.12 and 1.53% top up by the pension index to 952.79.

Traded volume decreased by 34.7% to 371.455m units with Access Bank witnessing the offload of 96m units in 7th ranked 165 deals.

In all, top ten by volume had deals for above 11m each while as number of deals dropped by 15.6% to 3910, Oando's 318 deals for 12m shares trailed GTB's lead.


NAIROBI SECURITIES EXCHANGE

At the Nairobi securities exchange ASI dropped by about 0.4% to 137.12 thus staying on course with Tuesday decline.

Market activity indicators though reversed gear to record 34.3% drop in traded volume to 48.4m, 7.02% decrease in traded value to 1,281.4bn Ksh while number of deals declined by 11.6% to 1352.

Traded value declined by single digit despite double drop in traded volume because the banks led by KCB group were more active this time.

Being fairly high priced, deals in all 11quoted banks led to the sector contributing 546m Ksh to traded volume.

This was led by KCB group with deals for 10.86m units at between 36.25 and 37.25 per share for 390m Ksh. Other major contributors were Equity Group which 33.50 Ksh per share closing (up 1.51%) witnessed deals for 3.309m shares worth 110m Ksh and NIC bank with deals for 496,000 units worth 13.9m.

In volume terms though Safari Com 's deals for 11.88m units still topped the market but this was traded at between 20 and 20.50 Ksh per share leading to  240m Ksh contribution to traded value behind KCB group.

Umeme Ltd also led traded volume and value in the Energy and petroleum sector to contribute to contribute 12.2% or 156m Ksh to traded value.

Umeme, down 7.21% in price per share, recorded deals for 5.07m shares worth 75m Ksh; followed by Kenol Kobil, down 2.01%, with deals for 4.97m units worth 60m Ksh.

Much the same way, the Manufacturing and allied sector contributed  141m Ksh to traded value on the back of deals for 441,700 units of British American Tobacco at 781 Ksh down one Ksh worth 120m Ksh and East African Breweries deals for 75,400 shares  worth 17m Ksh while closing 2.25% up in price per share.

In the Construction and allied sector Bamburi cement recorded deals for rare 1.046m offload worth 167m to contribute 13.08% to traded value.

The bond market rallied a little more to 1.5bn Ksh from Tuesday's 1.195bn.

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