MAY 31 2017: ACTIVITY WEAK AT NIGERIAN, STRONG AT NAIROBI SE.
Today, May 31, 2017, All shares index closed up at both the Nigerian stock exchange (same direction since last week) and Nairobi securities exchange but Nairobi was accompanied with very strong rally in activities while at the Nigerian market, there was a marked slump.
NIGERIAN STOCK EXCHANGE:
Once again, today at the Nigerian stock exchange, the ASI closed up by 0.76% 29498.31 thus surpassing yesterday's 0.66 % growth but trading activity headed down in sharp contrast.
The ASI had risen this time as Dangote Cement led Naira gainers with N7.90 per share gain or 4.53%; supported by other heavy weights like Nigerian Breweries which gained N3.50 per share or 2.40%; Nestle Nigeria which closed up by N5.01 per share or 0.58% and Total Nigeria with N5.00 gain per share or 1.92%.
Hence premium index closed 3.24% up at 1913.44; industrial index rose by 2.08% and consumer index came to 733.84, up 1.49%. Only Total Nigeria could not swing oil and gas index to the positive because fellow equity, Seplat Petroleum went down by day high N18.51 per share or 5% which it shared with GTB and NEM.
The Dangote Cement gain was accompanied by sale of 1.125m shares which was rushed resulting in 118 deals outside the day's top 10 for 7th ranked 14.4m shares worth 9th ranked N195.37m traded value. On the other hand, Nigerian Breweries recorded 8th placed 169 deals for 1.432m units worth 5th placed N212m traded value.
The 5 percenters, GTB, NEM and Seplat Petroleum were the leading % losers with GTB witnessing 4th ranked 254 deals for 6th placed 21.9m shares worth leading N745.17m traded value accompanied by N1.79 per share drop in price to lead traded value all the same.
Seplat Petroleum recorded 20 deals for 54,556 units worth N19.2m while NEM witnessed 10 deals for 309,848 units worth about N303,000.
Traded volume tumbled by 58.8% to 343.19m units leading to 56% decrease in traded value to N3.338bn and 21.6% drop in deals to 4905.
Following GTB's lead in terms of traded value was Zenith bank in which 2nd ranked 520 deals 26.56m units worth N506.2m were sealed closing down by N0.55 per share or 2.82%; FBN Holdings witnessed day high 819 deals for equally top 61.19m units worth N318.898m and UBA closed with N264.76m worth of 3rd placed 286 deals for 4th ranked 34.99m shares closing down 2.85% or by N0.22 per share.
There were no spectacular offloads and FBN Holdings lead volume was trailed by Diamond Bank with 115 deals for 41.86m units worth N40.38m; Fidelity Bank with 186 deals (6th ranked) for 38.775 shares valued at N40.7m; and UBA, Zenith bank, GTB then Transcorp plc with outside top 10 117 deals for 9th ranked 11.93m shares worth N14.28m.
Two rare equities chipped in above N100m worth each to traded value: Dangote Sugar with no price change, recorded 41 deals for 14.4m shares worth N101.4m and in Con oil 64 deals were sealed for 3.386m units worth N104.4m.
In all there were 31 gainers and 19 losers by day close which more than confirmed the rise in All shares index and most of the sectoral indices.
NAIROBI SECURITIES EXCHANGE
At Nairobi stock market, May 31 2017, every indicator pointed up wards except the bond market which fell short of its yesterday's rally.
The ASI rose strongly by 2.62% to 148.40 from yesterday's drop driven by the day's 19 gainers and dragged by 15 losers. Top % gain was by Uchumi Supermaket, up 8.89% followed by Pan African Insurance with 7% top up and Safaricom which closed 5.95% up although once in the day it hit an all time high of 23 Ksh per share.
The losers were led by Scan Group with 6% drop followed by Olympia Capital down 5.88%, Crown Berger with 4.24% decrease and ARM Cement down 3.53%.
The day's broader smiles came from the doubling of traded volume to 48.8m from yesterday's lowly 21.77m shares and resultant leap in traded value to 1,322.1bn Ksh from 377.8m previously.
Safaricom, as usual set the pace as deals were recorded for 37.1m shares or 76% of traded volume and with the price gain recorded traded value stood at 831m Ksh although the shares changed hands at between 21.5 and 23 Ksh per share.
That Safaricom's leading volume contributed less (62.8%) to traded value was more or less because highly priced East African Breweries, in the Manufacturing sector recorded deals for almost 1m units (973,500) worth 234m Ksh or the main chunk of the 17.8% or 135m Ksh chipped in by the sector.
The banking sector too ended with 16.75% or 221m Ksh of the traded value for the day with KCB Group, after a couple of days of taking back seat even in the sector, recording deals for 2.749m shares worth 109m Ksh sold at between 37 and 40.50 Ksh per share; Equity group, up 25 Kenyan cents, recording deals for 1.25m units worth 38.47m Ksh and Stanbic Holdings coming up with deals for 544,100 units worth 38.5m Ksh. amongst deals in all other quoted banks.
Ken Gen, in the energy and petroleum sector of the market witnessed deals for 1.09m shares sold at between 7.60 and 8.00 ksh per share.
Traded value in the bond market decreased to 1693.9m Ksh from yesterday's 6.5bn Ksh but it was remarkable that a deal was recorded in two year bond issued in March 16 at 12.02% for the first time in a long while.
NIGERIAN STOCK EXCHANGE:
Once again, today at the Nigerian stock exchange, the ASI closed up by 0.76% 29498.31 thus surpassing yesterday's 0.66 % growth but trading activity headed down in sharp contrast.
The ASI had risen this time as Dangote Cement led Naira gainers with N7.90 per share gain or 4.53%; supported by other heavy weights like Nigerian Breweries which gained N3.50 per share or 2.40%; Nestle Nigeria which closed up by N5.01 per share or 0.58% and Total Nigeria with N5.00 gain per share or 1.92%.
Hence premium index closed 3.24% up at 1913.44; industrial index rose by 2.08% and consumer index came to 733.84, up 1.49%. Only Total Nigeria could not swing oil and gas index to the positive because fellow equity, Seplat Petroleum went down by day high N18.51 per share or 5% which it shared with GTB and NEM.
The Dangote Cement gain was accompanied by sale of 1.125m shares which was rushed resulting in 118 deals outside the day's top 10 for 7th ranked 14.4m shares worth 9th ranked N195.37m traded value. On the other hand, Nigerian Breweries recorded 8th placed 169 deals for 1.432m units worth 5th placed N212m traded value.
The 5 percenters, GTB, NEM and Seplat Petroleum were the leading % losers with GTB witnessing 4th ranked 254 deals for 6th placed 21.9m shares worth leading N745.17m traded value accompanied by N1.79 per share drop in price to lead traded value all the same.
Seplat Petroleum recorded 20 deals for 54,556 units worth N19.2m while NEM witnessed 10 deals for 309,848 units worth about N303,000.
Traded volume tumbled by 58.8% to 343.19m units leading to 56% decrease in traded value to N3.338bn and 21.6% drop in deals to 4905.
Following GTB's lead in terms of traded value was Zenith bank in which 2nd ranked 520 deals 26.56m units worth N506.2m were sealed closing down by N0.55 per share or 2.82%; FBN Holdings witnessed day high 819 deals for equally top 61.19m units worth N318.898m and UBA closed with N264.76m worth of 3rd placed 286 deals for 4th ranked 34.99m shares closing down 2.85% or by N0.22 per share.
There were no spectacular offloads and FBN Holdings lead volume was trailed by Diamond Bank with 115 deals for 41.86m units worth N40.38m; Fidelity Bank with 186 deals (6th ranked) for 38.775 shares valued at N40.7m; and UBA, Zenith bank, GTB then Transcorp plc with outside top 10 117 deals for 9th ranked 11.93m shares worth N14.28m.
Two rare equities chipped in above N100m worth each to traded value: Dangote Sugar with no price change, recorded 41 deals for 14.4m shares worth N101.4m and in Con oil 64 deals were sealed for 3.386m units worth N104.4m.
In all there were 31 gainers and 19 losers by day close which more than confirmed the rise in All shares index and most of the sectoral indices.
NAIROBI SECURITIES EXCHANGE
At Nairobi stock market, May 31 2017, every indicator pointed up wards except the bond market which fell short of its yesterday's rally.
The ASI rose strongly by 2.62% to 148.40 from yesterday's drop driven by the day's 19 gainers and dragged by 15 losers. Top % gain was by Uchumi Supermaket, up 8.89% followed by Pan African Insurance with 7% top up and Safaricom which closed 5.95% up although once in the day it hit an all time high of 23 Ksh per share.
The losers were led by Scan Group with 6% drop followed by Olympia Capital down 5.88%, Crown Berger with 4.24% decrease and ARM Cement down 3.53%.
The day's broader smiles came from the doubling of traded volume to 48.8m from yesterday's lowly 21.77m shares and resultant leap in traded value to 1,322.1bn Ksh from 377.8m previously.
Safaricom, as usual set the pace as deals were recorded for 37.1m shares or 76% of traded volume and with the price gain recorded traded value stood at 831m Ksh although the shares changed hands at between 21.5 and 23 Ksh per share.
That Safaricom's leading volume contributed less (62.8%) to traded value was more or less because highly priced East African Breweries, in the Manufacturing sector recorded deals for almost 1m units (973,500) worth 234m Ksh or the main chunk of the 17.8% or 135m Ksh chipped in by the sector.
The banking sector too ended with 16.75% or 221m Ksh of the traded value for the day with KCB Group, after a couple of days of taking back seat even in the sector, recording deals for 2.749m shares worth 109m Ksh sold at between 37 and 40.50 Ksh per share; Equity group, up 25 Kenyan cents, recording deals for 1.25m units worth 38.47m Ksh and Stanbic Holdings coming up with deals for 544,100 units worth 38.5m Ksh. amongst deals in all other quoted banks.
Ken Gen, in the energy and petroleum sector of the market witnessed deals for 1.09m shares sold at between 7.60 and 8.00 ksh per share.
Traded value in the bond market decreased to 1693.9m Ksh from yesterday's 6.5bn Ksh but it was remarkable that a deal was recorded in two year bond issued in March 16 at 12.02% for the first time in a long while.
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