MAY 30 2017: ALL SHARES INDICES CLOSE 0.66% EACH OPPOSITE
The all shares indices for the Nigerian stock exchange and Nairobi securities exchange closed 0.66% in opposite directions on Tuesday, May 30, 2016.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, the ASI increase was accompanied by continued upwards movement in activities especially traded value and volume that recovered rather strongly on the previous trading day. Traded volume in creased by 14.7% to 832.5m while traded value rose by 32.8% to N7.59bn.
The rise in ASI had slowed down compared to Friday trading but it still represented a top up that led to new high of 29,276.59.
At that level, banking index (up 2.13%); Insurance index (1.97% up), NSE 30 (plus 0.89%) and premium index (up by 0.85%) were ahead while drag came from Oil and gas index which dropped by 2.01% to 302.76, Lotus index which rose by only 0.10% and consumer index which grew by 0.33%.
Traded value climbed further up on the back of GTB, mainly and Zenith bank. In GTB, 3rd placed 516 deals were sealed for equally 3rd ranked 76.59m units worth N2,810.9bn accompanied by 1.47 % or N0.52 per share gain. Thus GTB alone accounted for 37% of traded value.
On the other hand, Zenith bank recorded day high 744 deals for 4th placed 68..68m shares valued at N1,415m cloasing up 1.71% or N0.37 per share.
Five other equities also contributed substantially to traded value making the top 9 to account for about 87.3% of traded value. Dangote Cement ended with N735.4m traded value as 49 deals were struck for 4.438m shares with a price gain of 1.08%; UBA up 2.93% recorded 4th ranked 378 deals for 6th placed 63.1m shares worth N487.56m and Access bank closed with traded value of N467.34m in 6th ranked 352 deals for 8th placed 59.04m shares at 4.08% up.
FBN Holdings too traded N352.8m worth in 2nd ranked 690 deals for 5th placed 66.2m shares accompanied by 2nd highest % gain of 7.98% or N0.39 per share; Diamond bank recorded 5th 373 deals for day high 194.2m shares volume worth N184.75m and Champion Breweries, in a rare showing, traded N173.8m as 2nd ranked 83.967m shares were offloaded in just 15 deals closing down 0.46% or by N0.01 per share.
As usual, these leading equities in terms of traded value also led volume except Fidelity bank in which 7th ranked 261 deals for equally 7th placed 61.967m shares were sealed though worth only N65.36m; FCMB in which 9th ranked 206 deals for 45.9m units worth N55.76m took place though closing price was 0.84% down and Transcorp which witnessed 10th ranked 144 deals and 14.957m volume for N17.79m worth while closing 2.56% or N0.03 per share up.
In terms of number of deals sealed, the hefty 41.3% rise for the day was also accounted for by most of the above mentioned equities except United Capital; 7up Bottling, Econbank; Nigerian Breweries; and Oando that also boasted above 100 deals.
All of them except Oando ended outside the top 10 by deals though. Oando recorded 8th ranked 220 deals for 9.146m shares worth 10th placed N78.4m closing 1.22% down or minus N0.22 per share.
There were 29 gainers within the day led by Axa Mansard Insurance in % terms, up 9.47% or N0.18 per share to pair FBN Holdings as leading % gainers with above 6% gain but Cement Company of Northern Nigeria (CCNN) also closed 5% up and recorded 31 deals for just 77141 shares worth N4.04m.
Eleen other equities gained above 4% at the end of the day led by Flour Mills, up 4.99% with 12th ranked 141 deals for 4.277m shares worth N90.7m.
On the other hand, there were 17 losers with Seplat Petroleum and 7up Bottling pacing the group in both Naira and % terms. Seplat \petroleum lost N19.50 per share or 5% with just 11 deals for 25,000 units while 7up Bottling went down N5.24 per share or by 4.99%.
In a rare showing, Nigerian Enamelware witnessed 10 deals for 567,309 units worth N10.78m while c;losing N1.46 per share or 4.98% down.
NAIROBI SECURITIES EXCHANGE
At Nairobi Securities exchange, the 0.66% decrease in ASI to 144.52 was accompanied by 12.4% rise in traded volume to 21.7m; 21.6% drop in traded value to 377.8m Kshillings and 5.17% decline in number of deals to 1120.
The drop in traded value despite increase in traded volume occurred because most the business of the day were recorded in low and medium priced equities as against high priced ones. So much so that medium priced market leader, Safaricom, this time around contributed less dominant 46.5% of traded volume that ended up accounting for 56.4% of traded value.
Safaricom recorded deals for 10.1m shares, almost twice what it recorded on Friday, May 30 at between 21 and 21.75 per share worth 213m Ksh.
The banking sector, though with no equity recording deals above 1m units, accounted for 87m Ksh or about 23% of the day's traded value. Equity bank had deals for 928,200 units worth 35 Ksh as the shares exchanged hands at between 35.5 and 38.25 per share; KCB Group witnessed deals for 651,200 shares worth 25m Ksh as it closed 25 Kenyan cents up at 38.50 and Cooperative bank had deals for 863,400 shares worth 14m Ksh.
The energy and petroleum sector chipped in 10.93% to traded value or 41m Ksh with Ken Gen recorded deals for 2.9m shares at between 7.80 and 8.50 ksh per share worth 23.9m Ksh and Kenya Power, up 5% to 7.35 Ksh per share witnesssing deals for 1.25m units worth 9.2m Ksh .
The insurance sector contributed 4.17% to traded value or 15.7m ksh with Jubilee Holdings accounting for 7.3m Ksh in deals for just 16,000 units (it goes for 454 ksh per share) and Britam holdings ended up 40 Kenyan cents at 12.10 Ksh per share with deals for 544,600 units worth 6.6m ksh.
The bond market was more active especially as 16 stocks in the above 50mKsh nominal value category, 20 in the the below 50m Ksh group recorded deals alongside activity in 2 stocks in the4 sell or buy back sub group that had been quiet for a while.
Traded value came to 5.5bn Ksh with above 50m Ksh nominal recording deals for 4.52bn ksh worth; below 50m Ksh nominal topping to 388.1m Ksh and sell or buy back accounting for 600m Ksh worth.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, the ASI increase was accompanied by continued upwards movement in activities especially traded value and volume that recovered rather strongly on the previous trading day. Traded volume in creased by 14.7% to 832.5m while traded value rose by 32.8% to N7.59bn.
The rise in ASI had slowed down compared to Friday trading but it still represented a top up that led to new high of 29,276.59.
At that level, banking index (up 2.13%); Insurance index (1.97% up), NSE 30 (plus 0.89%) and premium index (up by 0.85%) were ahead while drag came from Oil and gas index which dropped by 2.01% to 302.76, Lotus index which rose by only 0.10% and consumer index which grew by 0.33%.
Traded value climbed further up on the back of GTB, mainly and Zenith bank. In GTB, 3rd placed 516 deals were sealed for equally 3rd ranked 76.59m units worth N2,810.9bn accompanied by 1.47 % or N0.52 per share gain. Thus GTB alone accounted for 37% of traded value.
On the other hand, Zenith bank recorded day high 744 deals for 4th placed 68..68m shares valued at N1,415m cloasing up 1.71% or N0.37 per share.
Five other equities also contributed substantially to traded value making the top 9 to account for about 87.3% of traded value. Dangote Cement ended with N735.4m traded value as 49 deals were struck for 4.438m shares with a price gain of 1.08%; UBA up 2.93% recorded 4th ranked 378 deals for 6th placed 63.1m shares worth N487.56m and Access bank closed with traded value of N467.34m in 6th ranked 352 deals for 8th placed 59.04m shares at 4.08% up.
FBN Holdings too traded N352.8m worth in 2nd ranked 690 deals for 5th placed 66.2m shares accompanied by 2nd highest % gain of 7.98% or N0.39 per share; Diamond bank recorded 5th 373 deals for day high 194.2m shares volume worth N184.75m and Champion Breweries, in a rare showing, traded N173.8m as 2nd ranked 83.967m shares were offloaded in just 15 deals closing down 0.46% or by N0.01 per share.
As usual, these leading equities in terms of traded value also led volume except Fidelity bank in which 7th ranked 261 deals for equally 7th placed 61.967m shares were sealed though worth only N65.36m; FCMB in which 9th ranked 206 deals for 45.9m units worth N55.76m took place though closing price was 0.84% down and Transcorp which witnessed 10th ranked 144 deals and 14.957m volume for N17.79m worth while closing 2.56% or N0.03 per share up.
In terms of number of deals sealed, the hefty 41.3% rise for the day was also accounted for by most of the above mentioned equities except United Capital; 7up Bottling, Econbank; Nigerian Breweries; and Oando that also boasted above 100 deals.
All of them except Oando ended outside the top 10 by deals though. Oando recorded 8th ranked 220 deals for 9.146m shares worth 10th placed N78.4m closing 1.22% down or minus N0.22 per share.
There were 29 gainers within the day led by Axa Mansard Insurance in % terms, up 9.47% or N0.18 per share to pair FBN Holdings as leading % gainers with above 6% gain but Cement Company of Northern Nigeria (CCNN) also closed 5% up and recorded 31 deals for just 77141 shares worth N4.04m.
Eleen other equities gained above 4% at the end of the day led by Flour Mills, up 4.99% with 12th ranked 141 deals for 4.277m shares worth N90.7m.
On the other hand, there were 17 losers with Seplat Petroleum and 7up Bottling pacing the group in both Naira and % terms. Seplat \petroleum lost N19.50 per share or 5% with just 11 deals for 25,000 units while 7up Bottling went down N5.24 per share or by 4.99%.
In a rare showing, Nigerian Enamelware witnessed 10 deals for 567,309 units worth N10.78m while c;losing N1.46 per share or 4.98% down.
NAIROBI SECURITIES EXCHANGE
At Nairobi Securities exchange, the 0.66% decrease in ASI to 144.52 was accompanied by 12.4% rise in traded volume to 21.7m; 21.6% drop in traded value to 377.8m Kshillings and 5.17% decline in number of deals to 1120.
The drop in traded value despite increase in traded volume occurred because most the business of the day were recorded in low and medium priced equities as against high priced ones. So much so that medium priced market leader, Safaricom, this time around contributed less dominant 46.5% of traded volume that ended up accounting for 56.4% of traded value.
Safaricom recorded deals for 10.1m shares, almost twice what it recorded on Friday, May 30 at between 21 and 21.75 per share worth 213m Ksh.
The banking sector, though with no equity recording deals above 1m units, accounted for 87m Ksh or about 23% of the day's traded value. Equity bank had deals for 928,200 units worth 35 Ksh as the shares exchanged hands at between 35.5 and 38.25 per share; KCB Group witnessed deals for 651,200 shares worth 25m Ksh as it closed 25 Kenyan cents up at 38.50 and Cooperative bank had deals for 863,400 shares worth 14m Ksh.
The energy and petroleum sector chipped in 10.93% to traded value or 41m Ksh with Ken Gen recorded deals for 2.9m shares at between 7.80 and 8.50 ksh per share worth 23.9m Ksh and Kenya Power, up 5% to 7.35 Ksh per share witnesssing deals for 1.25m units worth 9.2m Ksh .
The insurance sector contributed 4.17% to traded value or 15.7m ksh with Jubilee Holdings accounting for 7.3m Ksh in deals for just 16,000 units (it goes for 454 ksh per share) and Britam holdings ended up 40 Kenyan cents at 12.10 Ksh per share with deals for 544,600 units worth 6.6m ksh.
The bond market was more active especially as 16 stocks in the above 50mKsh nominal value category, 20 in the the below 50m Ksh group recorded deals alongside activity in 2 stocks in the4 sell or buy back sub group that had been quiet for a while.
Traded value came to 5.5bn Ksh with above 50m Ksh nominal recording deals for 4.52bn ksh worth; below 50m Ksh nominal topping to 388.1m Ksh and sell or buy back accounting for 600m Ksh worth.
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