JUNE 15 2017: MILD ASI GROWTH.
At both the Nigerian stock exchange and Nairobi securities exchange Thursday June 15, it was a case of close mild growth in the All shares index in each market.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange ASI closed up by 0.59% to 33.797.84 but accompanied with 24.4% and 10.5% drops in traded volume to 573.6m shares and 6584 respectively.
However, there was 24.7% increase in traded value to N7.85bn despite the volume drop and less scramble by investors.
Both traded value and volume were dominated by three equities: GTB; Zenith and Access bank.
GTB was the leading contributor to traded value with N1,842.48m worth from 3rd ranked 439 deals involving 4th placed 51.37m shares. It ended the day up by 1.67% or N0.59 per share.
Zenith bank, after a while of warming the crowded bench, closed Thursday at number two in terms of deals, volume and value. Gaining 4.61% or N1.01 per share, 760 deals were recorded for 70.9m units worth N1,597.45m.
Access bank also ranked well on all rankings. It topped volume as 4th ranked 396 deals for 127.6m offload were sealed for N1,303.96m.
In other words, the three equities accounted about 60% of the day's value while contributing 43.5% of volume.
Other major contributors to traded value were high priced Nestle in which 100 deals (a scramble, no doubt) were sealed for only 807,051 units worth N730.695m; FBN Holdings though from a distance with day high 764 deals (relative rush) involved 3rd placed 56.34m shares worth N400.7m were struck and Dangote Cement which recorded very marginal price gain and 104 deals for 1.54m units worth N316.49m.
The drop in volume was inevitable as the top four by volume were followed from a distance 34.18m units traded in UBA in 5th ranked 343 deals worth N305.566m; 177 deals for 27.853m units worth N38.3m sealed in Diamond bank and 26.759m shares exchanged in Transcorp in 190 deals worth N49.4m.
There were 33 price gainers and 24 losers with ASI driven upwards more by number of gainers. May & Baker led % gainers 9.79% or N0.37 per share, followed closely by Skye bank up 9.52% or by N0.06 per share and Unilever which closed with 5.65% gain or 2nd highest Naira gain of N2.30 per share.
Nigerian Breweries price rose by N3.75 per share to lead Naira price shifts but in % at 2.34%, this was no near the 11 gainers with above 4% increase.
At the top of the losers was a 5 equity cluster of above 4% increase led by Champion Breweries down 4.89% and Honeywell flour with 4.85% drop.
NAIROBI SECURITIES EXCHANGE:
At Nairobi securities exchange the ASI rose by 0.58% to 152.94 but both traded volume and value dropped by 24.2% to 31.9m shares and 8.82% to 881.1m Ksh.
Number of deals recorded also dropped 15.1% to 1268 although flagship Bond market recovered a bit strongly from recent low key days as traded value rose to 3.6bn Ksh compared to 1.8bn previously.
More than 50% of the traded volume was recorded in Safaricom but contribution to value added was less.
In all deals for 16m shares were sealed in Safaricom at between 23.25 and 23.50 per share worth 377m Ksh out of the 881.1m Ksh for the day.
Again the banking sector trailed Safaricom with deals worth 355m or 40.33% of traded value.
Most active here was Equity group in which deals led to exchange of 5.41m shares at between 39.50 and 40.25 per share worth 217m Ksh.This was beefed up by deals for 2.2m shares struck in KCB Group and for 1.07m in Cooperative bank.
Other sectors just chipped in % bits to cplete the day's package with manufacturing and allied accounting for 9.3% or 81.9m Ksh as mainly East African Breweries recorded ownership swop in 309,900 units at between 246 and 260 Ksh per share.
Two other equities contributed fairly well to traded volume but not value: Mumias Sugar in which deals for 1.69m shares were recorded and less so, Centum investment which witnessed deals for 1.1m shares worth 44m Ksh and closed up 2.58% at 39.75 Ksh per share.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange ASI closed up by 0.59% to 33.797.84 but accompanied with 24.4% and 10.5% drops in traded volume to 573.6m shares and 6584 respectively.
However, there was 24.7% increase in traded value to N7.85bn despite the volume drop and less scramble by investors.
Both traded value and volume were dominated by three equities: GTB; Zenith and Access bank.
GTB was the leading contributor to traded value with N1,842.48m worth from 3rd ranked 439 deals involving 4th placed 51.37m shares. It ended the day up by 1.67% or N0.59 per share.
Zenith bank, after a while of warming the crowded bench, closed Thursday at number two in terms of deals, volume and value. Gaining 4.61% or N1.01 per share, 760 deals were recorded for 70.9m units worth N1,597.45m.
Access bank also ranked well on all rankings. It topped volume as 4th ranked 396 deals for 127.6m offload were sealed for N1,303.96m.
In other words, the three equities accounted about 60% of the day's value while contributing 43.5% of volume.
Other major contributors to traded value were high priced Nestle in which 100 deals (a scramble, no doubt) were sealed for only 807,051 units worth N730.695m; FBN Holdings though from a distance with day high 764 deals (relative rush) involved 3rd placed 56.34m shares worth N400.7m were struck and Dangote Cement which recorded very marginal price gain and 104 deals for 1.54m units worth N316.49m.
The drop in volume was inevitable as the top four by volume were followed from a distance 34.18m units traded in UBA in 5th ranked 343 deals worth N305.566m; 177 deals for 27.853m units worth N38.3m sealed in Diamond bank and 26.759m shares exchanged in Transcorp in 190 deals worth N49.4m.
There were 33 price gainers and 24 losers with ASI driven upwards more by number of gainers. May & Baker led % gainers 9.79% or N0.37 per share, followed closely by Skye bank up 9.52% or by N0.06 per share and Unilever which closed with 5.65% gain or 2nd highest Naira gain of N2.30 per share.
Nigerian Breweries price rose by N3.75 per share to lead Naira price shifts but in % at 2.34%, this was no near the 11 gainers with above 4% increase.
At the top of the losers was a 5 equity cluster of above 4% increase led by Champion Breweries down 4.89% and Honeywell flour with 4.85% drop.
NAIROBI SECURITIES EXCHANGE:
At Nairobi securities exchange the ASI rose by 0.58% to 152.94 but both traded volume and value dropped by 24.2% to 31.9m shares and 8.82% to 881.1m Ksh.
Number of deals recorded also dropped 15.1% to 1268 although flagship Bond market recovered a bit strongly from recent low key days as traded value rose to 3.6bn Ksh compared to 1.8bn previously.
More than 50% of the traded volume was recorded in Safaricom but contribution to value added was less.
In all deals for 16m shares were sealed in Safaricom at between 23.25 and 23.50 per share worth 377m Ksh out of the 881.1m Ksh for the day.
Again the banking sector trailed Safaricom with deals worth 355m or 40.33% of traded value.
Most active here was Equity group in which deals led to exchange of 5.41m shares at between 39.50 and 40.25 per share worth 217m Ksh.This was beefed up by deals for 2.2m shares struck in KCB Group and for 1.07m in Cooperative bank.
Other sectors just chipped in % bits to cplete the day's package with manufacturing and allied accounting for 9.3% or 81.9m Ksh as mainly East African Breweries recorded ownership swop in 309,900 units at between 246 and 260 Ksh per share.
Two other equities contributed fairly well to traded volume but not value: Mumias Sugar in which deals for 1.69m shares were recorded and less so, Centum investment which witnessed deals for 1.1m shares worth 44m Ksh and closed up 2.58% at 39.75 Ksh per share.
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