MAY 22 2017; ACTIVITY STILL DOWN AT AFRICA'S TWO NSEs
At the Nigerian stock exchange and Nairobi securities exchange today May 22, 2017, trading closed down even though All shares index rose more strongly by 0.98% to 139.46 at Nairobi and resumed cautious drop by 0.12% at the Nigerian one.
NIGERIAN STOCK EXCHANGE;
At the Nigerian stock exchange, all trading indicators closed down. Traded value declined by 30.8% to N3.738bn; traveded volume went down by 31.9% to 208.3m units and deals struck dropped by 14.7% to 3498 from 4100 previously.
Traded value was dominated by four equities that together accounted for about 74.4%. Top of the bill was N1.113bn worth traded in Seplat Petroleum in 88 deals for 3.17m shares at day high Naira gain in price of N5.20 per share or just 1.41% up.
It was followed by GTB in which 2nd ranked 336 deals were recorded for equally 3rd placed 22.1m units for a total worth of N708.45m; Zenith bank with day high 348 deals for 2nd ranked 29.857m shares at a price down 1.60% for total worth of N534.05m and Nigerian Breweries which dropped by 2.17% or top N3.12 per share in 95n deals for 2.959m units worth N425.5m.
In traded volume terms however, Diamond bank paced the Nestle Nigeria's N93.5m in 33 deals for 212,764 units; 7Up Bottling in which 18 deals for 778,307 units worth N81.67m were sealed and International Breweries which closed the day up by 0.48% with 20 deals of 3.273m shares worth N68.8m.
ASI closed down not for lack of gainers: indeed total gainers for the day came to 27 as against 17 losers. It was the result of combined pressure from marginal but higher drops in consumer index (down 0.73%), NSE 30 with 0.16% drop to 1287.81 and 0.15% decrease in main board index to 1305.06. Combined with 0.07% decrease in premium index to 1767.77, equally marginal increases in oil and gas index (up 0.37% to 312.95) and others except, as usual firm ASEM index, could not reverse the trend for ASI.
In all 7 of the 27 % gainers topped up by above 4% led by Dangote Flour which closed 6.37% up or by N4.34 per share with 49 deals for 862,577 units. It was followed by Cement Company of Northern Nigeria (CCNN) and PZ Cussons with 5% gain each. CCNN recorded 30 deals for 468,560 shares while P Z Cussons witnessed 28 deals for 341,272 units.
The rest major % gainers were Vitafoam, up 4.78% with 31 deals for 438,450 units; Law Union and Rock up 4.76% witnessing 4 deals for 235,000 shares; May and Baker Nigeria up also by 4.76% but ended with 24 deals for 468,560 units and NAHCO which gained 4.56% and recorded 27 deals for 429,353 units.
There were five major losers with above 4% drop: Ecobank Transnational down 5% closing the day with 22 deals for 364,883 units; Cadbury Nigeria which eased by 4.98% and witnessed 7 deals for only 98,902 shares and NEM Insurance down 4.85% with 11 deals for 242,746 shares.
The last two in this category were Honeywell Flour mills and Red star express down 4.54% in 21 deals for 530,000 shares.
One of the very rare transactions recorded today was the single deal in 1m shares of Transcorp Hotels while closing 2.18% up in price.
NAIROBI SECURITIES EXCHANGE:
At Nairobi securities exchange, ASI rose by 0.98% to 139.46; otherwise trading activity indicators all pointed downwards. Traded value led the way down by 40.2% to 711.95m Ksh as traded volume dropped by 20.7% to 35.569m units and number of deals struck declined by 13.3% to 926.
Safari Com, and from a distance, Energy and Petroleum sector's Kenol Kobil helped sustain activities for the day with Safaricom alone recording deals for 23.73m shares or about 66.8% of traded volume or worth 487m Ksh (that is 68.4% of traded value).
In Kenol Kobil deals for 7.75m shares were struck helping to push its sector's contribution to traded value to 68m Ksh or 11.84%. The shares were worth 7.7m Ksh.
In the end, no other equity had deals for above 1m units although with all 11 equities chipping in, the banking sector ended contributing 161m or 22.62% to traded value led by KCB Group in which 764,400 shares changed hands at between 37.50 and 38.50 per share worth 29m Ksh.
In the Automobile sector, deals for 231,200 units of Marshalls ltd were recorded meaning such seller or sellers found dealing through the market better than opting for the offer by majority shareholders to buy out minority holdings as part of the bid to delist the company voluntarily.
NIGERIAN STOCK EXCHANGE;
At the Nigerian stock exchange, all trading indicators closed down. Traded value declined by 30.8% to N3.738bn; traveded volume went down by 31.9% to 208.3m units and deals struck dropped by 14.7% to 3498 from 4100 previously.
Traded value was dominated by four equities that together accounted for about 74.4%. Top of the bill was N1.113bn worth traded in Seplat Petroleum in 88 deals for 3.17m shares at day high Naira gain in price of N5.20 per share or just 1.41% up.
It was followed by GTB in which 2nd ranked 336 deals were recorded for equally 3rd placed 22.1m units for a total worth of N708.45m; Zenith bank with day high 348 deals for 2nd ranked 29.857m shares at a price down 1.60% for total worth of N534.05m and Nigerian Breweries which dropped by 2.17% or top N3.12 per share in 95n deals for 2.959m units worth N425.5m.
In traded volume terms however, Diamond bank paced the Nestle Nigeria's N93.5m in 33 deals for 212,764 units; 7Up Bottling in which 18 deals for 778,307 units worth N81.67m were sealed and International Breweries which closed the day up by 0.48% with 20 deals of 3.273m shares worth N68.8m.
ASI closed down not for lack of gainers: indeed total gainers for the day came to 27 as against 17 losers. It was the result of combined pressure from marginal but higher drops in consumer index (down 0.73%), NSE 30 with 0.16% drop to 1287.81 and 0.15% decrease in main board index to 1305.06. Combined with 0.07% decrease in premium index to 1767.77, equally marginal increases in oil and gas index (up 0.37% to 312.95) and others except, as usual firm ASEM index, could not reverse the trend for ASI.
In all 7 of the 27 % gainers topped up by above 4% led by Dangote Flour which closed 6.37% up or by N4.34 per share with 49 deals for 862,577 units. It was followed by Cement Company of Northern Nigeria (CCNN) and PZ Cussons with 5% gain each. CCNN recorded 30 deals for 468,560 shares while P Z Cussons witnessed 28 deals for 341,272 units.
The rest major % gainers were Vitafoam, up 4.78% with 31 deals for 438,450 units; Law Union and Rock up 4.76% witnessing 4 deals for 235,000 shares; May and Baker Nigeria up also by 4.76% but ended with 24 deals for 468,560 units and NAHCO which gained 4.56% and recorded 27 deals for 429,353 units.
There were five major losers with above 4% drop: Ecobank Transnational down 5% closing the day with 22 deals for 364,883 units; Cadbury Nigeria which eased by 4.98% and witnessed 7 deals for only 98,902 shares and NEM Insurance down 4.85% with 11 deals for 242,746 shares.
The last two in this category were Honeywell Flour mills and Red star express down 4.54% in 21 deals for 530,000 shares.
One of the very rare transactions recorded today was the single deal in 1m shares of Transcorp Hotels while closing 2.18% up in price.
NAIROBI SECURITIES EXCHANGE:
At Nairobi securities exchange, ASI rose by 0.98% to 139.46; otherwise trading activity indicators all pointed downwards. Traded value led the way down by 40.2% to 711.95m Ksh as traded volume dropped by 20.7% to 35.569m units and number of deals struck declined by 13.3% to 926.
Safari Com, and from a distance, Energy and Petroleum sector's Kenol Kobil helped sustain activities for the day with Safaricom alone recording deals for 23.73m shares or about 66.8% of traded volume or worth 487m Ksh (that is 68.4% of traded value).
In Kenol Kobil deals for 7.75m shares were struck helping to push its sector's contribution to traded value to 68m Ksh or 11.84%. The shares were worth 7.7m Ksh.
In the end, no other equity had deals for above 1m units although with all 11 equities chipping in, the banking sector ended contributing 161m or 22.62% to traded value led by KCB Group in which 764,400 shares changed hands at between 37.50 and 38.50 per share worth 29m Ksh.
In the Automobile sector, deals for 231,200 units of Marshalls ltd were recorded meaning such seller or sellers found dealing through the market better than opting for the offer by majority shareholders to buy out minority holdings as part of the bid to delist the company voluntarily.
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