JUNE 16, 2017: VOLUME NEW HIGH AT NAIROBI; DOWN AT NIGERIAN STOCK MARKET.
Friday, June 16, 2017 closed on a very pisitive note for Nairobi securities exchange as traded volume jumped from 31.5m shares on Thursday to a new daily high of 141.7m units dragging traded value to 2.55bn Ksh compared to 881.1m on Thursday but at the Nigerian stock exchange, everything pointed down except All shares index.
NAIROBI SECURITIES EXCHANGE
At the Nairobi securities exchange total number of deals recorded too went up but not in the same range with traded volume and value; ending the week at 1514, up 19.4% while All shares index came to 154.08 representing 0.75% increase on Thursday's 152.94.
Even though pace setting Safaricom recorded equally high increase in traded volume; it ended the day playing second fiddle to Kenol Kobil in the energy and petreoleum sectot although both equities had deals for top offloads, by the market standard.
Kenol Kobil in what could very well turn out to be record offering, had deals for 65.3m shares traded at between 12.05 and 13 Ksh. Thus, Friday alone accounted for 97.5% of 67m trade volume recorded in Kenol Kobil within the week worth 864m Ksh or 87.2% of the sector's 991m traded during the week.
The only other major contributor to the sector's weekly trade was Ken Gen which on Friday witnessed deals for 2.8m shares bringing its total volume for the week to 8.60m worth 110 K sh. Ken Gen had closed the week 7.5% up.
There was equally a major offload in Safaricom as deals were sealed for 53.2m shares at between 24 and 23 Ksh per share. Thus, Friday alone accounted for 130m shares of Safaricom trades within the week.
In all, 3bn Ksh worth of shares were traded in Safaricom through the week coming to 52.91% of market traded value within the same period.
There was less than ordinary level of activity on Friday June 16 too in the banking sector with Equity group and Cooperative bank recording deals for above 5m units each.
Cooperative bank records deals for 5.68m shares thus topping up weekly volume significantly to 9.2m shares worth 159m Ksh.
On the other hand, Equity group witnessed deals for 5.15m shares representing about 34.3% of its total 15m units total traded volume. In the end, at 600m Ksh value for whole week's trade in equity group, was the major booster of the 1.3bn Ksh traded value for the whole sector through the end. KCB Group was yet another major contributor as deals worth 370m were struck although it closed the week at 7.5% down.
Centum investment in the investment sector also recorded deals for 1.1m shares on Friday out of the 2.7m so traded in through the week worth 110m Ksh or almost all of the 1.99% or 114m traded value in the sector.
It was active Friday too for Mumias sugar with deals for 2.42m units although East African Breweries ended contributing the most to the sectors 200m or 3.47% of traded value and for Kenya Air in the commercial and services sector, down 9.52% on previous week price with deals for 1.9m units on Friday.
However, the bond market stayed low again on Friday resulting in only 10.6bn Ksh worth of deals through the week compared to 10.8bn Ksh previously.
NIGERIAN STOCK EXCHANGE:
At the Nigeria stock exchange Friday was not that cheerful although the All shares Index rose again but by 0.04% to 33,810.56 as margin of gains by 25 gainers overwhelmed 31 losers.
Trading activity was down in double digits led by 20.6% drop in traded value to N6.237bn; 16.9% decrease in deals struck to 5474 and 14% decline in traded volume to 493.267m shares.
Zenith bank, for the second day, paced in both traded value and volume though down 0.04% to N22.89 per share. 3rd ranked 376 deals were sealed in it for leading 73.668m shares worth about N1.6bn, certainly the day's high traded value.
It was followed by GTB witnessing 4th ranked 329 deals for equally 4th placed 30.8m units worth about N1.1bn though down 0.75% in price to N35.73 per share.
No other equity had traded value above N1bn but Access Bank with 6th ranked 220 deals for 2nd placed 64m shares worth about N640.1m and Dabgote Cement without % change in price recorded 10th ranked 166 deals for 30.055 share (5th) worth about N626.44m followed the leaders.
These traded value pace setters also led by traded volume while equities like Transcorp, with 2nd placed 399 deals for 3rd ranked 59.58m units worth about N110m and Unity bank in which 5th 33 deals for 6th 24m shares worth N19.7m found good space in between
In terms of deals struck too they also led but Diamond Bank with 7th 189 deals and 20.09m units worth N26.73m; UBA with 5th 236 deals for 10th 10.6m units worth N9.70 and Lasaco insurance, rarely traded recorded mini scramble resulting in 9th 168 deals for just 87,007 units worth N45.24m found spaces too.
Among the gainers 12 had gains above 4% compared to 7 with above 4% drops. Ecobank led % gainers closing up 10.23% or N1.33 to N14.33 per share and recording 8th 178 deals and 16.139m units worth 6th placed N231.3m.
It was trailed by Cement Company of Northern Nigeria with 10.21% gain or N0.82 to N8.85 per share and May & Baker up 9.88% or by N0.41 to N4.56 per share.
Top Naira gains were however by Nestle, up N7 or by 0.78% followed by Presco up N3.44 to N72.33 or 4.99% and Okomu oil which closed 5% up or N3.34 to N70.18 per share.
The price losers were paced by international Breweries in % terms with 6.80% drop or N1.90 to N26.05 per share; and Beta Glass down 4.99% or N2.74 to N52.17 per share.
Top Naira decrease however occurred in Total Nigeria down N11.50 or 4.70% to N271 per share.
NAIROBI SECURITIES EXCHANGE
At the Nairobi securities exchange total number of deals recorded too went up but not in the same range with traded volume and value; ending the week at 1514, up 19.4% while All shares index came to 154.08 representing 0.75% increase on Thursday's 152.94.
Even though pace setting Safaricom recorded equally high increase in traded volume; it ended the day playing second fiddle to Kenol Kobil in the energy and petreoleum sectot although both equities had deals for top offloads, by the market standard.
Kenol Kobil in what could very well turn out to be record offering, had deals for 65.3m shares traded at between 12.05 and 13 Ksh. Thus, Friday alone accounted for 97.5% of 67m trade volume recorded in Kenol Kobil within the week worth 864m Ksh or 87.2% of the sector's 991m traded during the week.
The only other major contributor to the sector's weekly trade was Ken Gen which on Friday witnessed deals for 2.8m shares bringing its total volume for the week to 8.60m worth 110 K sh. Ken Gen had closed the week 7.5% up.
There was equally a major offload in Safaricom as deals were sealed for 53.2m shares at between 24 and 23 Ksh per share. Thus, Friday alone accounted for 130m shares of Safaricom trades within the week.
In all, 3bn Ksh worth of shares were traded in Safaricom through the week coming to 52.91% of market traded value within the same period.
There was less than ordinary level of activity on Friday June 16 too in the banking sector with Equity group and Cooperative bank recording deals for above 5m units each.
Cooperative bank records deals for 5.68m shares thus topping up weekly volume significantly to 9.2m shares worth 159m Ksh.
On the other hand, Equity group witnessed deals for 5.15m shares representing about 34.3% of its total 15m units total traded volume. In the end, at 600m Ksh value for whole week's trade in equity group, was the major booster of the 1.3bn Ksh traded value for the whole sector through the end. KCB Group was yet another major contributor as deals worth 370m were struck although it closed the week at 7.5% down.
Centum investment in the investment sector also recorded deals for 1.1m shares on Friday out of the 2.7m so traded in through the week worth 110m Ksh or almost all of the 1.99% or 114m traded value in the sector.
It was active Friday too for Mumias sugar with deals for 2.42m units although East African Breweries ended contributing the most to the sectors 200m or 3.47% of traded value and for Kenya Air in the commercial and services sector, down 9.52% on previous week price with deals for 1.9m units on Friday.
However, the bond market stayed low again on Friday resulting in only 10.6bn Ksh worth of deals through the week compared to 10.8bn Ksh previously.
NIGERIAN STOCK EXCHANGE:
At the Nigeria stock exchange Friday was not that cheerful although the All shares Index rose again but by 0.04% to 33,810.56 as margin of gains by 25 gainers overwhelmed 31 losers.
Trading activity was down in double digits led by 20.6% drop in traded value to N6.237bn; 16.9% decrease in deals struck to 5474 and 14% decline in traded volume to 493.267m shares.
Zenith bank, for the second day, paced in both traded value and volume though down 0.04% to N22.89 per share. 3rd ranked 376 deals were sealed in it for leading 73.668m shares worth about N1.6bn, certainly the day's high traded value.
It was followed by GTB witnessing 4th ranked 329 deals for equally 4th placed 30.8m units worth about N1.1bn though down 0.75% in price to N35.73 per share.
No other equity had traded value above N1bn but Access Bank with 6th ranked 220 deals for 2nd placed 64m shares worth about N640.1m and Dabgote Cement without % change in price recorded 10th ranked 166 deals for 30.055 share (5th) worth about N626.44m followed the leaders.
These traded value pace setters also led by traded volume while equities like Transcorp, with 2nd placed 399 deals for 3rd ranked 59.58m units worth about N110m and Unity bank in which 5th 33 deals for 6th 24m shares worth N19.7m found good space in between
In terms of deals struck too they also led but Diamond Bank with 7th 189 deals and 20.09m units worth N26.73m; UBA with 5th 236 deals for 10th 10.6m units worth N9.70 and Lasaco insurance, rarely traded recorded mini scramble resulting in 9th 168 deals for just 87,007 units worth N45.24m found spaces too.
Among the gainers 12 had gains above 4% compared to 7 with above 4% drops. Ecobank led % gainers closing up 10.23% or N1.33 to N14.33 per share and recording 8th 178 deals and 16.139m units worth 6th placed N231.3m.
It was trailed by Cement Company of Northern Nigeria with 10.21% gain or N0.82 to N8.85 per share and May & Baker up 9.88% or by N0.41 to N4.56 per share.
Top Naira gains were however by Nestle, up N7 or by 0.78% followed by Presco up N3.44 to N72.33 or 4.99% and Okomu oil which closed 5% up or N3.34 to N70.18 per share.
The price losers were paced by international Breweries in % terms with 6.80% drop or N1.90 to N26.05 per share; and Beta Glass down 4.99% or N2.74 to N52.17 per share.
Top Naira decrease however occurred in Total Nigeria down N11.50 or 4.70% to N271 per share.
Comments
Post a Comment