JUNE 12 2017: DOWN BEAT AT NIGERIAN, NAIROBI SEs
At Africa's two NSEs on Monday June 12 2017 it was downbeat all the way for the marginal rise in trade value in Nigeria to N6.11bn.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange the All shares index eased by 0.12% to 33235 after last Friday's close upwards. This was accompanied with 27% drop in traded volume to 501.08m shares and 2.21% decrease in deals recorded to 6635.
The decrease in traded volume was scattered without one very dominant offload but top five still accounted for 53.8% or 269.6m shares
It was led by Access bank as 2nd ranked 425 deals were sealed for 65.35m shares worth also 2nd rated N705.34m. The bank though ended with only N0.36 per share or 3.46% price gain.
It was followed by FCMB which witnessed 10th placed 232 deals for 60.377m units worth only N42.29m, well outside top 10 by traded value.
To round up the top five by volume, GTB had 5th ranked 232 deals for 58.68m shares worth pace setting N1,985.98m; Transcorp recorded 7th placed 249 deals for 45.525m shares worth N74.356m and FBN Holdings had leading 629 deals for 39.697m units worth 5th ranked N270.5m.
On the other hand, the exceptional increase in traded value was due more to trades in high priced equities as top five accounted for 62.6% of total value traded.
The trail blazed by GTB followed by Access bank in this regard was followed appropriately by high priced Nestle, though down by leading N40 per or 4.15%, recorded 80 deals for just 615,107 units worth 3rd placed N567.02m and Zenith bank, almost getting comfortable in the crowd, with 3rd ranked 387 deals for 14.296m shares worth N294m then FBN Holdings
Most of these equities too paced number of deals except Forte Oil with 4th placed 318 deals for 2.568m units worth 7th ranked N168.78m ; UBA which witnessed 6th positioned 257 deals for 13.46m shares worth 9th ranked N120.26m and Sterling bank with 8th ranked 238 deals and 22.58m volume respectively worth N25.558m
Clearly, it was even a surprise that the ASI eased only slightly as in all there were 30 losers compared to 20 gainers with price drops being of wider margin.
In Naira terms, Nestle lead drop was followed by N11 per share or 3.9% decrease by Total Nigeria; then 7up Bottling down N4.54 per share or 4.80%.
Lead % though was by 10 equities with above 4% drops as against 11 equities with above 4% gains. Lead % gain was 10.09% by Ashaka cement followed by a cluster of 5 equities with above 9% price gains.
These include May and Baker, up 9.86%; Honeywell Flour up 9.60%; Sterling bank with 9.43% gain; PZ Cussons up 9.34% and Transcorp which closed 9.21% up.
On the other hand, % losers were led by International Breweries with 8.63% drop; the UACN and AIICO with 5.84% and 5.36% drops respectively.
NAIROBI SECURITIES EXCHANGE:
At Nairobi, the exception this time was recorded in number of deals recorded which at 1191 was 8.97% up perhaps hinting at higher investor interest because number of deals have hardly dropped sharply in recent days
However, the All shares index eased by 0.07% to 150.42 while traded volume and traded value recorded bigger drops of 68.9% to 21.366m shares and 63.5% to 44.26m Kshillings respectively.
Safaricom, as usual paced the day but this was more marked in traded value than in traded volume. It witnessed deals for 10.486m shares or 49.1% of traded volume sold at between 22.50 and 23.25 Ksh per share worth 240m Ksh or 54.25% of traded value.
Good support volumes were traded in Cooperative bank (2.14m); Mumias sugar (2.11m); KCB group (1.46m); Kenol Kobil (1.289m) and Home Afrika (1.017m).
But aside from KCB and Kenol Kobil which are medium priced, the rest are low priced and have limited impact on traded value.
Mumias recorded leading volume in Manufacturing and Allied sector but East African Breweries with deals for less than 100,000 units (82,500; to be exact) sold at between 238 and 242 Ksh per share ended up contributing 19.7m Ksh to the 27m ksh or 6.23% of traded value accounted for by the sector.
The same with Home Afrika in the investment sector. It led traded volume but Centum Investment with deals for only 151,600 units chipped in 6m ksh out of the 6.8m Ksh by the sector.
In banking, Cooperative lead volume was traded at between 17 and 17.40 Ksh per share thus contributing 36.8m Ksh to the pot compared to KCB group's 56.6m Ksh as its 1.46m shares were sold at between 38.25 and 40 Ksh per share and Equity bank's deals for only 543,300 units worth 21.6m Ksh as they exchanged hands at 39.75 Ksh per share
At the Energy and petroleum sector, Kenol Kobil wore a solid crown as its 1.289n units were sold at between 12.15 and 12.30 Ksh per share to account for 15.6m Ksh out of the 18.5m traded value in the sector
The bond market closed once again in the doldrums with traded value easing further down to about 1.9bn Ksh.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange the All shares index eased by 0.12% to 33235 after last Friday's close upwards. This was accompanied with 27% drop in traded volume to 501.08m shares and 2.21% decrease in deals recorded to 6635.
The decrease in traded volume was scattered without one very dominant offload but top five still accounted for 53.8% or 269.6m shares
It was led by Access bank as 2nd ranked 425 deals were sealed for 65.35m shares worth also 2nd rated N705.34m. The bank though ended with only N0.36 per share or 3.46% price gain.
It was followed by FCMB which witnessed 10th placed 232 deals for 60.377m units worth only N42.29m, well outside top 10 by traded value.
To round up the top five by volume, GTB had 5th ranked 232 deals for 58.68m shares worth pace setting N1,985.98m; Transcorp recorded 7th placed 249 deals for 45.525m shares worth N74.356m and FBN Holdings had leading 629 deals for 39.697m units worth 5th ranked N270.5m.
On the other hand, the exceptional increase in traded value was due more to trades in high priced equities as top five accounted for 62.6% of total value traded.
The trail blazed by GTB followed by Access bank in this regard was followed appropriately by high priced Nestle, though down by leading N40 per or 4.15%, recorded 80 deals for just 615,107 units worth 3rd placed N567.02m and Zenith bank, almost getting comfortable in the crowd, with 3rd ranked 387 deals for 14.296m shares worth N294m then FBN Holdings
Most of these equities too paced number of deals except Forte Oil with 4th placed 318 deals for 2.568m units worth 7th ranked N168.78m ; UBA which witnessed 6th positioned 257 deals for 13.46m shares worth 9th ranked N120.26m and Sterling bank with 8th ranked 238 deals and 22.58m volume respectively worth N25.558m
Clearly, it was even a surprise that the ASI eased only slightly as in all there were 30 losers compared to 20 gainers with price drops being of wider margin.
In Naira terms, Nestle lead drop was followed by N11 per share or 3.9% decrease by Total Nigeria; then 7up Bottling down N4.54 per share or 4.80%.
Lead % though was by 10 equities with above 4% drops as against 11 equities with above 4% gains. Lead % gain was 10.09% by Ashaka cement followed by a cluster of 5 equities with above 9% price gains.
These include May and Baker, up 9.86%; Honeywell Flour up 9.60%; Sterling bank with 9.43% gain; PZ Cussons up 9.34% and Transcorp which closed 9.21% up.
On the other hand, % losers were led by International Breweries with 8.63% drop; the UACN and AIICO with 5.84% and 5.36% drops respectively.
NAIROBI SECURITIES EXCHANGE:
At Nairobi, the exception this time was recorded in number of deals recorded which at 1191 was 8.97% up perhaps hinting at higher investor interest because number of deals have hardly dropped sharply in recent days
However, the All shares index eased by 0.07% to 150.42 while traded volume and traded value recorded bigger drops of 68.9% to 21.366m shares and 63.5% to 44.26m Kshillings respectively.
Safaricom, as usual paced the day but this was more marked in traded value than in traded volume. It witnessed deals for 10.486m shares or 49.1% of traded volume sold at between 22.50 and 23.25 Ksh per share worth 240m Ksh or 54.25% of traded value.
Good support volumes were traded in Cooperative bank (2.14m); Mumias sugar (2.11m); KCB group (1.46m); Kenol Kobil (1.289m) and Home Afrika (1.017m).
But aside from KCB and Kenol Kobil which are medium priced, the rest are low priced and have limited impact on traded value.
Mumias recorded leading volume in Manufacturing and Allied sector but East African Breweries with deals for less than 100,000 units (82,500; to be exact) sold at between 238 and 242 Ksh per share ended up contributing 19.7m Ksh to the 27m ksh or 6.23% of traded value accounted for by the sector.
The same with Home Afrika in the investment sector. It led traded volume but Centum Investment with deals for only 151,600 units chipped in 6m ksh out of the 6.8m Ksh by the sector.
In banking, Cooperative lead volume was traded at between 17 and 17.40 Ksh per share thus contributing 36.8m Ksh to the pot compared to KCB group's 56.6m Ksh as its 1.46m shares were sold at between 38.25 and 40 Ksh per share and Equity bank's deals for only 543,300 units worth 21.6m Ksh as they exchanged hands at 39.75 Ksh per share
At the Energy and petroleum sector, Kenol Kobil wore a solid crown as its 1.289n units were sold at between 12.15 and 12.30 Ksh per share to account for 15.6m Ksh out of the 18.5m traded value in the sector
The bond market closed once again in the doldrums with traded value easing further down to about 1.9bn Ksh.
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