MAY 19: TRADED VALUE DIPS; RALLIES AT NIGERIAN, NAIROBI SEs
Trading at Africa's two NSEs today May 19, 2017 was marked by sharp drop in traded value at the Nigerian stock exchange and strong rally at Nairobi securities exchange.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, traded value ended the week down by 41.1% to N5.399bn from Thursday's N9.16bn mostly as the major high priced equities that traded high volumes on Thursday recorded far less.
On Thursday, traded value was led by Seplat Petreoluem with N3.369bn followed by Nigerian Breweries with N1.6bn and Zenith bank with N1.12bn. Thus, between the three, they accounted for 66.6% of traded value.
Come Friday, Mat 19, 6 top equities could only account for 56.3% of the day's traded value. They were led by Dangote Cement in which 108 deals for 6.02m shares changed hands at a price down N0.01 per share worth day high N981.1m. Dangote Cement was not among Thursday's top value contributors.
GTB was responsible for N634m traded value on Thursday and turned to be one of the few top contributors that recorded increased traded value come Friday. It witnessed 2nd ranked 331 deals for 26.69 units worth N835m to follow the leading traded value.
Nigerian Breweries, down N1.28 per share or by 0.88% recorded 96 deals for 5.3m shares worth N764,68m, which was however, a far cry from what was achieved the previous day. Just like Zenith bank with 5th placed 299 deals for 31.5m units valued at N561.25m ; Seplat Petroleum , down day high N17.50 per share, with 31 deals for 1.63m shares worth N574.25m and Ecobank Transnational which recorded deals worth N169.8m on Thurdsay but Friday May 19, witnessed only 37 deals for 9.64m shares worth N94.55m.
Traded volume was down only by 13.4% to 305.9m units on May 19 even though it was spread out more through the market unlike on Thursday. Lead volume was recorded in Transcorp in which 33.67m shares changed hands in 164 deals worth only N39.1m despite 1.69% gain in price. It was followed by Zenith, then UBA which recorded 4th placed 306 deals for 30.589m units worth N218.36m.
The All shares index rose 0.04% to 28113.36, far behind the 0.72% gain recorded on Thursday. The marginal increase was not surprising because number of gainers (22) and losers (21) were almost even but the margin of gain was higher.
In the first place, above 4% gainers numbered 7 as against only 2 losers in this category. For another, lead gain was N17.5 per share in Naira terms and no losers came this close. Top drop in Naira terms was by Total Nigeria down N5 per share or 1.85% closing with 31 deals for only 484, 984 units worth N129.2m.
Top % gain was by the trio of Law Union and Rock Insurance; May and Baker Nigeria and Seplat Petroleum up 5% each. While Law Union ended the day with 9 deals for 246769 shares worth N0.2m; May and baker witnessed 23 deals for 1m units worth N1.487m.
Top % loser was Unity Bank down 4.84% ending with 6 deals for just 29400 shares worth N0.17m followed by Diamond bank down 4.30% and recording deals for 20.1m shares worth N18.4m.
Number of deals eased only slightly by 1.64% to 4100. Oando had top number of deals with 346 deals for 13.6m units valued at N125m followed by GTB then FBN Holdings with 313 deals for 28.68m units valued at N114.6m, not too far below the N143.7m worth it witnessed on Thursday.
NAIROBI SECURITIES EXCHANGE
A the Nairobi Securities Exchange, both traded value and volume recorded impressive increases. Traded value rose by 45.5% to 1.19bn K shillings while traded volume closed the day at 44.8m units, up 32.3%.
Safari com clearly dominated volume with deals for 28.7m or 64.13% thus closing the full week with deals for 104m shares valued at 2bn Ksh or 44.48% of the weeks traded value at between 19.95 and 21 Ksh per share.
In sharp contrast, the banks traded 1.1bn Ksh total through the week with KCB Group contributing 785m Ksh worth involving 21m shares (940,000 of that on today Friday) at between 34.75 and 38 Ksh per share. Equity Group followed with deals worth 173m Ksh for 35m shares closing the week up 6.8% up in price per share.
The manufacturing and allied sector ended contributing 15.28% or 734m Ksh to traded value for the week with the bulk being recorded today Friday as a rare offload of 1.63m offload in high priced East African Breweries was sold thus bringing the company's total for the week to 2.5m shares worth 590m Ksh after they were traded between 220 and 235 Ksh per share.
Along the same vein, rare trading of 1.2m shares in WPP Scan group was witnessed today thus contributing substantially to the 64.7m Ksh 0r 1.35% of total traded value for the week by the Commercial and services sector.
As for the Energy and petroleum sector, final contribution to traded value for the week came to 341m Ksh or 7.04% with Ugandan based Umeme ltd chipping in deals worth 118m Ksh for 8m (3m of this was sold today) shares at between 14.40 and 16 Ksh per share and Ken Gen, up 5.26% contributed 97m Ksh part of which was a 1.06m shares exchanged hands in it today.
Bamburi Cement was the main equity in the Construction and allied sector. It recorded deals for 1.4m shares worth 232m Ksh within the week (32,500 today) at between 160 and 165 Ksh per share thus accounting for the lion share of the sector's 251m Ksh traded value or 5.23% of market traded value within the same period.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, traded value ended the week down by 41.1% to N5.399bn from Thursday's N9.16bn mostly as the major high priced equities that traded high volumes on Thursday recorded far less.
On Thursday, traded value was led by Seplat Petreoluem with N3.369bn followed by Nigerian Breweries with N1.6bn and Zenith bank with N1.12bn. Thus, between the three, they accounted for 66.6% of traded value.
Come Friday, Mat 19, 6 top equities could only account for 56.3% of the day's traded value. They were led by Dangote Cement in which 108 deals for 6.02m shares changed hands at a price down N0.01 per share worth day high N981.1m. Dangote Cement was not among Thursday's top value contributors.
GTB was responsible for N634m traded value on Thursday and turned to be one of the few top contributors that recorded increased traded value come Friday. It witnessed 2nd ranked 331 deals for 26.69 units worth N835m to follow the leading traded value.
Nigerian Breweries, down N1.28 per share or by 0.88% recorded 96 deals for 5.3m shares worth N764,68m, which was however, a far cry from what was achieved the previous day. Just like Zenith bank with 5th placed 299 deals for 31.5m units valued at N561.25m ; Seplat Petroleum , down day high N17.50 per share, with 31 deals for 1.63m shares worth N574.25m and Ecobank Transnational which recorded deals worth N169.8m on Thurdsay but Friday May 19, witnessed only 37 deals for 9.64m shares worth N94.55m.
Traded volume was down only by 13.4% to 305.9m units on May 19 even though it was spread out more through the market unlike on Thursday. Lead volume was recorded in Transcorp in which 33.67m shares changed hands in 164 deals worth only N39.1m despite 1.69% gain in price. It was followed by Zenith, then UBA which recorded 4th placed 306 deals for 30.589m units worth N218.36m.
The All shares index rose 0.04% to 28113.36, far behind the 0.72% gain recorded on Thursday. The marginal increase was not surprising because number of gainers (22) and losers (21) were almost even but the margin of gain was higher.
In the first place, above 4% gainers numbered 7 as against only 2 losers in this category. For another, lead gain was N17.5 per share in Naira terms and no losers came this close. Top drop in Naira terms was by Total Nigeria down N5 per share or 1.85% closing with 31 deals for only 484, 984 units worth N129.2m.
Top % gain was by the trio of Law Union and Rock Insurance; May and Baker Nigeria and Seplat Petroleum up 5% each. While Law Union ended the day with 9 deals for 246769 shares worth N0.2m; May and baker witnessed 23 deals for 1m units worth N1.487m.
Top % loser was Unity Bank down 4.84% ending with 6 deals for just 29400 shares worth N0.17m followed by Diamond bank down 4.30% and recording deals for 20.1m shares worth N18.4m.
Number of deals eased only slightly by 1.64% to 4100. Oando had top number of deals with 346 deals for 13.6m units valued at N125m followed by GTB then FBN Holdings with 313 deals for 28.68m units valued at N114.6m, not too far below the N143.7m worth it witnessed on Thursday.
NAIROBI SECURITIES EXCHANGE
A the Nairobi Securities Exchange, both traded value and volume recorded impressive increases. Traded value rose by 45.5% to 1.19bn K shillings while traded volume closed the day at 44.8m units, up 32.3%.
Safari com clearly dominated volume with deals for 28.7m or 64.13% thus closing the full week with deals for 104m shares valued at 2bn Ksh or 44.48% of the weeks traded value at between 19.95 and 21 Ksh per share.
In sharp contrast, the banks traded 1.1bn Ksh total through the week with KCB Group contributing 785m Ksh worth involving 21m shares (940,000 of that on today Friday) at between 34.75 and 38 Ksh per share. Equity Group followed with deals worth 173m Ksh for 35m shares closing the week up 6.8% up in price per share.
The manufacturing and allied sector ended contributing 15.28% or 734m Ksh to traded value for the week with the bulk being recorded today Friday as a rare offload of 1.63m offload in high priced East African Breweries was sold thus bringing the company's total for the week to 2.5m shares worth 590m Ksh after they were traded between 220 and 235 Ksh per share.
Along the same vein, rare trading of 1.2m shares in WPP Scan group was witnessed today thus contributing substantially to the 64.7m Ksh 0r 1.35% of total traded value for the week by the Commercial and services sector.
As for the Energy and petroleum sector, final contribution to traded value for the week came to 341m Ksh or 7.04% with Ugandan based Umeme ltd chipping in deals worth 118m Ksh for 8m (3m of this was sold today) shares at between 14.40 and 16 Ksh per share and Ken Gen, up 5.26% contributed 97m Ksh part of which was a 1.06m shares exchanged hands in it today.
Bamburi Cement was the main equity in the Construction and allied sector. It recorded deals for 1.4m shares worth 232m Ksh within the week (32,500 today) at between 160 and 165 Ksh per share thus accounting for the lion share of the sector's 251m Ksh traded value or 5.23% of market traded value within the same period.
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