MAY 23 2017; ACTIVITY STILL DOWN AT NIGERIAN SE; UP AT NAIROBI
May 23 2017 witnessed recovery of trading activities at the Nairobi Securities exchange but at the Nigerian stock exchange, it dropped further.
NIGERIAN STOCK EXCHANGE.
At the Nigerian stock exchange All shares index ASI recovered marginally by 0.05% to 28093.30 after Monday's 0.12% drop but the more remarkable thing was that traded value dropped once again by 41.5% to N2.18bn and traded volume went down 30.5% to 21.6m units.
This means that after hitting a high of sorts May 18, 2017 at N9.162bn, traded value continued down since then dropping by 76.2% in three trading days.
What is more, three high priced equities were responsible for 57.8% of the traded value while 6 equities accounted for 53.6% of traded volume.
Leading the pack in traded value was Seplat Petroleum in which 35 deals for 1.548m shares were traded at price down 3.41% worth N576.5m. It was trailed by GTB which witnessed 4th placed 248 deals for equally 4th ranked 14.29m units at price up 0.415 worth N458.8m; Zenith Bank with 3rd ranked 272 deals for 5th placed 12.78m shares worth N226.7m
Other major contributors to traded value include Nigerian Breweries which closed N3.16 up to rank as 2nd highest Naira gain, witnessed 9th ranked 125 deals for 0.792m shares worth N114.1m; FBN Holdings with a traded value pf N113.1m in day high 304 deals for equally top 27.86m shares while closing up by N0.01 or 0.24% per share;Oando which recorded 2nd placed 299 deals for 9m units worth N85.8m and UBA with 5th placed 184 deals for 12.18m units worth N85.32m
Many of these leading equities by traded value also were the leading contributors to traded volume except Fidelity Bank in which 8th rsnked 134 deals saw 3rd placed 19.2m shares changing hands worth 18.2m; UAC Property in which 64 deals were struck for 11m shares worth N20.6m and Access bank with 6th ranked 149 deals for 10.36m shares worth N76.57m.
They also accounted for leading number of deals too except United Capital in which 7th placed 139 deals were sealed for 9.49m shares worth N28.53m; Diamond Bank with 10th ranked 116 deals for 2nd placed 27.66m units and Forte Oil in which 101 deals were recorded for 453,246 units worth N20.78m.
There were 23 gainers and 18 losers with Nestle leading Naira gainers with N14.0 per share top up but this came to only 1.67% increase. In % terms the leading gainers were UAC Property and Fidson Healthcare. UAC Property closed 9.41% up while Fidson Healthcare gained 8.89% or the N0.16 per share with UAC Property while closing with 25 deals for 835770 units worth N1.628m.
Of the losers, top in Naira tems was Total Nigeria down N9.99 per share or 3.70 % and it ended the day being the only one with above one Naira decrease. In % terms 7 equities went down in price by above 4% compared to nine above 4% gainers.
Leading the losers was Dangote Flour down 4.84% followed by Learn Africa down 4.71%; Cement Company of Northern Nigeria, minus 4.55%; the trio with 4.35% drop: C&I Leasing; Diamond bank and FCMB and Fidelity bank, down 4.08%.
NAIROBI SECURITIES EXCHANGE
At Nairobi Securities exchange combination of deals in high priced equities and high volume in some low priced ones led to 53.91% rise in traded value to 1096.2bn Ksh and traded volume increase by 40.8% to 50m shares.
Again as usual, Safaricom accounted for the bulk of the traded volume (54.99%) as it recorded deals for 27.5m units worth 570m Ksh which came to a lesser 52% of traded value but dominant too. The shares were traded at between 20.25 and 20.75 Ksh.
However, it was not alone in moving activity to the Tuesday height. In all 6 equities recorded deals for above 1m units and a couple of high priced equities witnessed deals for substantial units that impacted on traded value.
In terms of volume, the Energy and Petroleum sector was quite active with three equities therein recorded deals for above 2m units. The leader was Uganda based Umeme ltd in which deals were recorded for 3.5m shares though closing down 14.5% in price. It was followed by Kenya Power with deals for 3.229m units at between 6.45 and 6.60 Ksh and Kenol Kobil in which 2.5m shares changed hands.
The banking sector too chipped in a fair share to both traded value and volume with deals being recorded in KCB Group for 4.7m worth 181m Ksh; in Equity group for 1.334m units worth 48m Ksh and in Cooperative bank for 9m Ksh worth. Indeed all the 11 banks recorded deals including high priced Diamond Trust bank with deals for 161,000 units and Barclays bank in which 519,000 units were sold.
Kenya Re too had deals for above 1m units. In all, 1.3m of its shares changed hands worth N26m Ksh and in the manufacturing and allied sector, high priced East African Breweries recorded deals for 104,600 units.
Some shareholders still continue to opt to sell their holdings in East African Marshalls ltd at the floor instead of taking advantage of the buy out offer by majority holders sequel to planned voluntary de-listing.
The bond market recovered significantly as traded value closed at 4,005.82m with deals in fisxed income government and infrastructure bonds above 50m Ksh accounting for 98.9%..
NIGERIAN STOCK EXCHANGE.
At the Nigerian stock exchange All shares index ASI recovered marginally by 0.05% to 28093.30 after Monday's 0.12% drop but the more remarkable thing was that traded value dropped once again by 41.5% to N2.18bn and traded volume went down 30.5% to 21.6m units.
This means that after hitting a high of sorts May 18, 2017 at N9.162bn, traded value continued down since then dropping by 76.2% in three trading days.
What is more, three high priced equities were responsible for 57.8% of the traded value while 6 equities accounted for 53.6% of traded volume.
Leading the pack in traded value was Seplat Petroleum in which 35 deals for 1.548m shares were traded at price down 3.41% worth N576.5m. It was trailed by GTB which witnessed 4th placed 248 deals for equally 4th ranked 14.29m units at price up 0.415 worth N458.8m; Zenith Bank with 3rd ranked 272 deals for 5th placed 12.78m shares worth N226.7m
Other major contributors to traded value include Nigerian Breweries which closed N3.16 up to rank as 2nd highest Naira gain, witnessed 9th ranked 125 deals for 0.792m shares worth N114.1m; FBN Holdings with a traded value pf N113.1m in day high 304 deals for equally top 27.86m shares while closing up by N0.01 or 0.24% per share;Oando which recorded 2nd placed 299 deals for 9m units worth N85.8m and UBA with 5th placed 184 deals for 12.18m units worth N85.32m
Many of these leading equities by traded value also were the leading contributors to traded volume except Fidelity Bank in which 8th rsnked 134 deals saw 3rd placed 19.2m shares changing hands worth 18.2m; UAC Property in which 64 deals were struck for 11m shares worth N20.6m and Access bank with 6th ranked 149 deals for 10.36m shares worth N76.57m.
They also accounted for leading number of deals too except United Capital in which 7th placed 139 deals were sealed for 9.49m shares worth N28.53m; Diamond Bank with 10th ranked 116 deals for 2nd placed 27.66m units and Forte Oil in which 101 deals were recorded for 453,246 units worth N20.78m.
There were 23 gainers and 18 losers with Nestle leading Naira gainers with N14.0 per share top up but this came to only 1.67% increase. In % terms the leading gainers were UAC Property and Fidson Healthcare. UAC Property closed 9.41% up while Fidson Healthcare gained 8.89% or the N0.16 per share with UAC Property while closing with 25 deals for 835770 units worth N1.628m.
Of the losers, top in Naira tems was Total Nigeria down N9.99 per share or 3.70 % and it ended the day being the only one with above one Naira decrease. In % terms 7 equities went down in price by above 4% compared to nine above 4% gainers.
Leading the losers was Dangote Flour down 4.84% followed by Learn Africa down 4.71%; Cement Company of Northern Nigeria, minus 4.55%; the trio with 4.35% drop: C&I Leasing; Diamond bank and FCMB and Fidelity bank, down 4.08%.
NAIROBI SECURITIES EXCHANGE
At Nairobi Securities exchange combination of deals in high priced equities and high volume in some low priced ones led to 53.91% rise in traded value to 1096.2bn Ksh and traded volume increase by 40.8% to 50m shares.
Again as usual, Safaricom accounted for the bulk of the traded volume (54.99%) as it recorded deals for 27.5m units worth 570m Ksh which came to a lesser 52% of traded value but dominant too. The shares were traded at between 20.25 and 20.75 Ksh.
However, it was not alone in moving activity to the Tuesday height. In all 6 equities recorded deals for above 1m units and a couple of high priced equities witnessed deals for substantial units that impacted on traded value.
In terms of volume, the Energy and Petroleum sector was quite active with three equities therein recorded deals for above 2m units. The leader was Uganda based Umeme ltd in which deals were recorded for 3.5m shares though closing down 14.5% in price. It was followed by Kenya Power with deals for 3.229m units at between 6.45 and 6.60 Ksh and Kenol Kobil in which 2.5m shares changed hands.
The banking sector too chipped in a fair share to both traded value and volume with deals being recorded in KCB Group for 4.7m worth 181m Ksh; in Equity group for 1.334m units worth 48m Ksh and in Cooperative bank for 9m Ksh worth. Indeed all the 11 banks recorded deals including high priced Diamond Trust bank with deals for 161,000 units and Barclays bank in which 519,000 units were sold.
Kenya Re too had deals for above 1m units. In all, 1.3m of its shares changed hands worth N26m Ksh and in the manufacturing and allied sector, high priced East African Breweries recorded deals for 104,600 units.
Some shareholders still continue to opt to sell their holdings in East African Marshalls ltd at the floor instead of taking advantage of the buy out offer by majority holders sequel to planned voluntary de-listing.
The bond market recovered significantly as traded value closed at 4,005.82m with deals in fisxed income government and infrastructure bonds above 50m Ksh accounting for 98.9%..
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