MAY 24 2017: UPBEAT AT NIGERIAN SE; NOT QUITE AT NAIROBI
Trading and dealers expectations were up beat today, May 24 at both the Nigerian stock exchange but only as indicated by all shares index growth at Nairobi securities exchange.
NIGERIAN STOCK EXCHANGE;
At the Nigerian stock exchange, it was a day of rally for all market indicators as All shares Index confirmed the previous day's very marginal growth with a higher 0.68% increase to 28,288,43.
This was as a result of rally in all sectoral indices even if marginal in all cases except banking and except in ASEM index that closed firm as usual and Lotus index that dropped by 0,09% to 1812,08. Banking index rose by 1.47% to 340.75 but it was closely followed by premium index which closed 0.9% up at 1775.45.
Traded value too was upbeat rising by 58.6% to N3.45bn just like traded volume that rose by 46,4% to 311.276m and number of deals that clocked 4194, up 7.32%.
Zenith bank paced the market in both traded value and volume as 2nd ranked 367 deals were sealed for 94.78m units worth N1.7bn or about 49.2% of traded value and 30.4% of traded volume, It closed the day with 1.69% gain or N0.30 per share.
It was trailed from quite a distance in value terms by GTB with N334.4m in 4th ranked 247 deals for 8th placed 10.31m units while closing the day 1.46% up or N0.47 gain per share.
Thus Zenith bank and GTB together contributed 58.9% of traded value for the day' However, other equities chipped in significant contributions. They include Nigerian Breweries with 9th ranked 113 deals for 1.774m shares worth N258.95m; Dangote cement that recorded 18 deals for 1.36 units worth N222.29m; and yesterday's leader, Seplat Petroleum which witnessed 23 deals for 470,700 shares worth N186.1m and closed with day high Naira gain of N17.30 per share or 4.64%.
Zenith bank's traded volume lead was anchored by Jaiz bank as 3 deals for 35m shares were recorded worth N34.3m; followed by FBN Holdings with 3rd ranked 359 deals for equally 3rd placed 34.35m shares worth N143.65m closing the day 3.41% up or by N0.14 per share.
In terms of deals, scramble for Sterling bank shares resulted in day high 569 deals involving only 13.8m shares worth just N9.9m. It was followed by Zenith bank, FBN Holdings, GTB and then Oando in which 221 deals for 6.09m units were struck worth N53.2m aas it closed the day down 5% or N0.45 per share.
Access bank too with 6th placed 128 deals recorded some activity as 8.366m shares were thus sold for N61.94m. It ended the day 1.36% up or by N1.10 per share. The same with Fidelity bank with 7th placed 118 deals involving 15.1m shares worth N14.386m; United Capital which witnessed 114 deals for 4.35m units worth N13.52m and Transcorp with 109 deals that did not make top ten, for 13.9m shares worth N16.6m.
There were 27 gainers and 19 losers with equal numbers in each case (8) recording above 4% change.
Seplat Petroleum's lead Naira gain was followed from a real distance by International Breweries up N1.02 per share after Access bank's N1.10 gain.
As for % gainers, top of the group was Vitafoam up 6.32% or N0.16 per share and it turned out to be the only one with above 5% gain. The rest 7 top % gainers closed above 4% but below 5% with Cement Company of Northern Nigeria leading this with 4.99% gain or N0.23 per share.
The major Naira loser was Forte Oil down N2.29 per share or 4.78% thus also finding place among those with above 4% drops. Two equities actually closed down with above 5%: John Holt which closed down 6.35% or N0.04 per share and Oando which ended 5% down or by N0.45 per share.
NAIROBI SECURITIES EXCHANGE
At Nairobi securities exchange, All shares index grew rather strongly by 1.93% to 241.5 but trading indicators went the opposite direction when compared to yesterday's level although flagship Bond market seemed back in shape with deals for 6bn Ksh recorded.
Most of the business done at the bond segment were in fixed income government stocks of above 50m nominal value. In 15 year bond issued in October 2009 alone traded value was 1bn Ksh and in 20 year bond issued June 2008, value traded was 700m Ksh.
Traded value in the equity market went down by 53.2% to 512.9m Ksh as traded volume decreased by 49.6% to 25.3m and number of deals struck ended 11.6% down at 1310.
The most traded as usual was Safaricom in which deals were sealed for 8.8m shares or 34,8% of traded volume and worth 186m Ksh or 36.3% of traded value. It had hit a high of 21.75 Ksh per share but slided down to 21 Ksh per share.
Energy and Petroleum sector came closest this time with deals for 6.2m shares or 24.61% of traded volume. It was paced by Ken Gen with deals for 2.4m shares worth 17m Ksh at between 7.05 and 7.40 Ksh per share followed by Kenya Power with deals for 1.98 units worth 12m Ksh and then, Uganda's Umeme ltd which witnessed deals for 1.76m shares.
The banking sector had deals for 4.5m shares or 17.99% of traded volume. However, only Equity Bank, up 2 ksh at 38 ksh per share recorded deals for above 1m units and they were worth 57m Ksh. Old reliable, KCB Group also recorded deals for 897,100 units worth 35m Ksh and it closed the day 1 Ksh up.
In the manufacturing and allied sector, another old reliable, Mumias sugar recorded deals 1.049m units but at 0.75 K cents while East African Breweries continued its recent daily deals with 299,000 units changing hands worth 67m Ksh as it gained 1 Ksh to 233 Ksh per share.
NIGERIAN STOCK EXCHANGE;
At the Nigerian stock exchange, it was a day of rally for all market indicators as All shares Index confirmed the previous day's very marginal growth with a higher 0.68% increase to 28,288,43.
This was as a result of rally in all sectoral indices even if marginal in all cases except banking and except in ASEM index that closed firm as usual and Lotus index that dropped by 0,09% to 1812,08. Banking index rose by 1.47% to 340.75 but it was closely followed by premium index which closed 0.9% up at 1775.45.
Traded value too was upbeat rising by 58.6% to N3.45bn just like traded volume that rose by 46,4% to 311.276m and number of deals that clocked 4194, up 7.32%.
Zenith bank paced the market in both traded value and volume as 2nd ranked 367 deals were sealed for 94.78m units worth N1.7bn or about 49.2% of traded value and 30.4% of traded volume, It closed the day with 1.69% gain or N0.30 per share.
It was trailed from quite a distance in value terms by GTB with N334.4m in 4th ranked 247 deals for 8th placed 10.31m units while closing the day 1.46% up or N0.47 gain per share.
Thus Zenith bank and GTB together contributed 58.9% of traded value for the day' However, other equities chipped in significant contributions. They include Nigerian Breweries with 9th ranked 113 deals for 1.774m shares worth N258.95m; Dangote cement that recorded 18 deals for 1.36 units worth N222.29m; and yesterday's leader, Seplat Petroleum which witnessed 23 deals for 470,700 shares worth N186.1m and closed with day high Naira gain of N17.30 per share or 4.64%.
Zenith bank's traded volume lead was anchored by Jaiz bank as 3 deals for 35m shares were recorded worth N34.3m; followed by FBN Holdings with 3rd ranked 359 deals for equally 3rd placed 34.35m shares worth N143.65m closing the day 3.41% up or by N0.14 per share.
In terms of deals, scramble for Sterling bank shares resulted in day high 569 deals involving only 13.8m shares worth just N9.9m. It was followed by Zenith bank, FBN Holdings, GTB and then Oando in which 221 deals for 6.09m units were struck worth N53.2m aas it closed the day down 5% or N0.45 per share.
Access bank too with 6th placed 128 deals recorded some activity as 8.366m shares were thus sold for N61.94m. It ended the day 1.36% up or by N1.10 per share. The same with Fidelity bank with 7th placed 118 deals involving 15.1m shares worth N14.386m; United Capital which witnessed 114 deals for 4.35m units worth N13.52m and Transcorp with 109 deals that did not make top ten, for 13.9m shares worth N16.6m.
There were 27 gainers and 19 losers with equal numbers in each case (8) recording above 4% change.
Seplat Petroleum's lead Naira gain was followed from a real distance by International Breweries up N1.02 per share after Access bank's N1.10 gain.
As for % gainers, top of the group was Vitafoam up 6.32% or N0.16 per share and it turned out to be the only one with above 5% gain. The rest 7 top % gainers closed above 4% but below 5% with Cement Company of Northern Nigeria leading this with 4.99% gain or N0.23 per share.
The major Naira loser was Forte Oil down N2.29 per share or 4.78% thus also finding place among those with above 4% drops. Two equities actually closed down with above 5%: John Holt which closed down 6.35% or N0.04 per share and Oando which ended 5% down or by N0.45 per share.
NAIROBI SECURITIES EXCHANGE
At Nairobi securities exchange, All shares index grew rather strongly by 1.93% to 241.5 but trading indicators went the opposite direction when compared to yesterday's level although flagship Bond market seemed back in shape with deals for 6bn Ksh recorded.
Most of the business done at the bond segment were in fixed income government stocks of above 50m nominal value. In 15 year bond issued in October 2009 alone traded value was 1bn Ksh and in 20 year bond issued June 2008, value traded was 700m Ksh.
Traded value in the equity market went down by 53.2% to 512.9m Ksh as traded volume decreased by 49.6% to 25.3m and number of deals struck ended 11.6% down at 1310.
The most traded as usual was Safaricom in which deals were sealed for 8.8m shares or 34,8% of traded volume and worth 186m Ksh or 36.3% of traded value. It had hit a high of 21.75 Ksh per share but slided down to 21 Ksh per share.
Energy and Petroleum sector came closest this time with deals for 6.2m shares or 24.61% of traded volume. It was paced by Ken Gen with deals for 2.4m shares worth 17m Ksh at between 7.05 and 7.40 Ksh per share followed by Kenya Power with deals for 1.98 units worth 12m Ksh and then, Uganda's Umeme ltd which witnessed deals for 1.76m shares.
The banking sector had deals for 4.5m shares or 17.99% of traded volume. However, only Equity Bank, up 2 ksh at 38 ksh per share recorded deals for above 1m units and they were worth 57m Ksh. Old reliable, KCB Group also recorded deals for 897,100 units worth 35m Ksh and it closed the day 1 Ksh up.
In the manufacturing and allied sector, another old reliable, Mumias sugar recorded deals 1.049m units but at 0.75 K cents while East African Breweries continued its recent daily deals with 299,000 units changing hands worth 67m Ksh as it gained 1 Ksh to 233 Ksh per share.
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