JUNE 20 2017: RELATIVE ACTIVITY AT NIGERIAN AND NAIROBI SEs
At both the Nigerian stock exchange and Nairobi securities exchange Tuesday, June 20, 2017, activity was relative as it continued to decline in Nigeria but recovered strongly in Nairobi.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange, decline was the name of the day as even though All shares index increased by 0.71% to 34375.60. Traded value dropped by 25.8% to N4.217bn; traded volume came to 392.268m, down 18.7% and number of deals struck declined by 1.13% to 5412.
The increase in ASI was after Monday's 0.96%n rise and was driven mainly by 25 gainers with higher margin of gains than 27 price losers with lower margins and more by low priced equities.
The Oil and gas index dropped by 1.22% to 320.81 and Banking index too eased by 0.68% to 413.82 but ASI was driven the opposite way by 1.3% rise in premium index to 2325.62 as Dangote Cement and FBN Holdings had gains and Zenith eased and by 1.06% increase in consumer goods index to 824.04.
The gainers were led by a trio of double digit gainers: May and Baker; Julius Berger and Cement company of Northern Niogeria CCNN while major losers were Jaiz Bank, Forte Oil and GlaxosmithKline (GSK).
May & Baker led % gainers with 10.18% or N0.51 per share and recorded 44 deals for 1.675m units worth N9.249m; Julius Berger, with new eyes on crude oil production, closed 10.15% up or by day high N4.04 per share and recorded rush of a kind as 3rd placed 280 deals were struck for 2.94m shares worth 8th ranked N127.5m same % gain with CCNN which gained N0.99 per share and witnessed 53 deals for 1.655m shares worth N17.7m.
Jaiz Bank led lowers down 5.88% or N0.05 per share recording 25 deals for 2,075m shares worth N1.518m while Forte Oil led Naira losers with N2.77 per share or 2nd placed 5.25% drop and witnessed 5th placed (alongside GTB) 207 deals for 0.725m units worth N36.857m.
None of these price change leaders were among the top ten by traded value; and traded volume. For traded value, the drop recorded was in spite of fairly high levels recorded in Zenith bank and Nigerian Breweries.
Zenith bank led in volume and value as 382 deals for 47.679m shares were recorded worth N1,067.75m closing N0.42 down per share or by 1.87% while Nigerian Breweries witnessed N3 per share gain or 0.33% with 9th ranked 181 deals for 6.3m shares worth N1,063.79m. In other words, between both, they accounted for 50.5% of the day's traded value.
Not so for traded volume as Zenith's lead was followed by 50.04m shares traded in Transcorp, down 0.56% in 160 deals worth 9th placed N102.5m and 39.769m shares sold in low priced Skye bank down 1.23% in 4th placed 239 deals worth N32m
Lead deals recorded was however, by FBN Holdings with 435 deals for 4th placed 27.6m shares worth 6th N182.94m closing 1.83% up or by N0.12 per share followed by Zenith bank, Julius Berger, Skye bank, Forte Oil and GTB in which 207 deals for 6.438m shares were struck worth 5th N231.747m.
NAIROBI SECURITIES EXCHANGE:
At the Nairobi securities exchange, the reverse was the case as All shares index dropped by 0.15% to 152.74; traded volume more than doubled to 52.58m shares and traded value almost tripled to 1.62bn Kshillings accompanied by 5.52% increase in deals to 1645.
Virtually all normally active sectors recorded at least one equity with deals for above 1m units with the banking sector coming up with four in a row to chip in 32.10% of traded value or 527m Ksh and lead volume as well.
There was an offload of sorts in Cooperative bank as deals for 9.612m units were sealed at between 16.90 and 17.25 Ksh per share worth 163m Ksh followed by KCB with deals for 3.946m units worth 146m Ksh as price rose by 2.77%; Equity group with deals for 1.94m units worth 74m Ksh while closing 54 Kenyan cents up and deals for 1.022m shares in NIC Bank; and in higher priced Diamond Trust Bank (279,400 units) and Standard chartered bank (244,900 units).
Safaricom still led single volume with deals for 16.454m shares worth 374m at between 22.5 and 23.10 Ksh per share thus accounting for 23.1% of traded value.
Like the Banking sector, Manufacturing and allied sector was ahead of safari com in terms of traded value ending with 500m Ksh 0r 30.89% of traded value especially as high priced East African Breweries recorded deals for personal high 1.599m units at between 250 and 267 Ksh per share worth 417m Ksh and as usual Mumias Sugar ended with its might as deals for 1.16m units were struck .
Energy and petroleum sector too was very active in terms of volume with three equities recording deals for above 1m units each, Ken Gen recorded deals for 2.86m shares; Kenol Kobil recorded deals for 2.313m units and Kenya Power witnessed deals also for above 1m shares.
There were no deals for a million units in construction and allied sector but it contributed 79m Ksh or 4.88% to traded value with rarely traded Bamburi cement recording deals for 396,200 units at between 168 and 169 Ksh per share worth 66m Ksh.
Kenya Re in the insurance sector, Kenya Air in commercial sector and Home Afrika in investment sector were other equities with above 1m traded volume. Kenya Re had deals for 1.03m shares at between 20.25 and 21 Ksh per share worth 21m Ksh out of the insurance sector's 29m value; Kenya Air witnessed deals for 1.094m shares and home Afrika recorded deals for 1.877m units.
Traded value at the bond market dropped slightly to 1.925bn with, interestingly, all 33 fixed government treasury bonds, including six re-opened ones had deals. In the end, despite the drop, 83 deals were recorded for the day compared to 39 on Monday.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange, decline was the name of the day as even though All shares index increased by 0.71% to 34375.60. Traded value dropped by 25.8% to N4.217bn; traded volume came to 392.268m, down 18.7% and number of deals struck declined by 1.13% to 5412.
The increase in ASI was after Monday's 0.96%n rise and was driven mainly by 25 gainers with higher margin of gains than 27 price losers with lower margins and more by low priced equities.
The Oil and gas index dropped by 1.22% to 320.81 and Banking index too eased by 0.68% to 413.82 but ASI was driven the opposite way by 1.3% rise in premium index to 2325.62 as Dangote Cement and FBN Holdings had gains and Zenith eased and by 1.06% increase in consumer goods index to 824.04.
The gainers were led by a trio of double digit gainers: May and Baker; Julius Berger and Cement company of Northern Niogeria CCNN while major losers were Jaiz Bank, Forte Oil and GlaxosmithKline (GSK).
May & Baker led % gainers with 10.18% or N0.51 per share and recorded 44 deals for 1.675m units worth N9.249m; Julius Berger, with new eyes on crude oil production, closed 10.15% up or by day high N4.04 per share and recorded rush of a kind as 3rd placed 280 deals were struck for 2.94m shares worth 8th ranked N127.5m same % gain with CCNN which gained N0.99 per share and witnessed 53 deals for 1.655m shares worth N17.7m.
Jaiz Bank led lowers down 5.88% or N0.05 per share recording 25 deals for 2,075m shares worth N1.518m while Forte Oil led Naira losers with N2.77 per share or 2nd placed 5.25% drop and witnessed 5th placed (alongside GTB) 207 deals for 0.725m units worth N36.857m.
None of these price change leaders were among the top ten by traded value; and traded volume. For traded value, the drop recorded was in spite of fairly high levels recorded in Zenith bank and Nigerian Breweries.
Zenith bank led in volume and value as 382 deals for 47.679m shares were recorded worth N1,067.75m closing N0.42 down per share or by 1.87% while Nigerian Breweries witnessed N3 per share gain or 0.33% with 9th ranked 181 deals for 6.3m shares worth N1,063.79m. In other words, between both, they accounted for 50.5% of the day's traded value.
Not so for traded volume as Zenith's lead was followed by 50.04m shares traded in Transcorp, down 0.56% in 160 deals worth 9th placed N102.5m and 39.769m shares sold in low priced Skye bank down 1.23% in 4th placed 239 deals worth N32m
Lead deals recorded was however, by FBN Holdings with 435 deals for 4th placed 27.6m shares worth 6th N182.94m closing 1.83% up or by N0.12 per share followed by Zenith bank, Julius Berger, Skye bank, Forte Oil and GTB in which 207 deals for 6.438m shares were struck worth 5th N231.747m.
NAIROBI SECURITIES EXCHANGE:
At the Nairobi securities exchange, the reverse was the case as All shares index dropped by 0.15% to 152.74; traded volume more than doubled to 52.58m shares and traded value almost tripled to 1.62bn Kshillings accompanied by 5.52% increase in deals to 1645.
Virtually all normally active sectors recorded at least one equity with deals for above 1m units with the banking sector coming up with four in a row to chip in 32.10% of traded value or 527m Ksh and lead volume as well.
There was an offload of sorts in Cooperative bank as deals for 9.612m units were sealed at between 16.90 and 17.25 Ksh per share worth 163m Ksh followed by KCB with deals for 3.946m units worth 146m Ksh as price rose by 2.77%; Equity group with deals for 1.94m units worth 74m Ksh while closing 54 Kenyan cents up and deals for 1.022m shares in NIC Bank; and in higher priced Diamond Trust Bank (279,400 units) and Standard chartered bank (244,900 units).
Safaricom still led single volume with deals for 16.454m shares worth 374m at between 22.5 and 23.10 Ksh per share thus accounting for 23.1% of traded value.
Like the Banking sector, Manufacturing and allied sector was ahead of safari com in terms of traded value ending with 500m Ksh 0r 30.89% of traded value especially as high priced East African Breweries recorded deals for personal high 1.599m units at between 250 and 267 Ksh per share worth 417m Ksh and as usual Mumias Sugar ended with its might as deals for 1.16m units were struck .
Energy and petroleum sector too was very active in terms of volume with three equities recording deals for above 1m units each, Ken Gen recorded deals for 2.86m shares; Kenol Kobil recorded deals for 2.313m units and Kenya Power witnessed deals also for above 1m shares.
There were no deals for a million units in construction and allied sector but it contributed 79m Ksh or 4.88% to traded value with rarely traded Bamburi cement recording deals for 396,200 units at between 168 and 169 Ksh per share worth 66m Ksh.
Kenya Re in the insurance sector, Kenya Air in commercial sector and Home Afrika in investment sector were other equities with above 1m traded volume. Kenya Re had deals for 1.03m shares at between 20.25 and 21 Ksh per share worth 21m Ksh out of the insurance sector's 29m value; Kenya Air witnessed deals for 1.094m shares and home Afrika recorded deals for 1.877m units.
Traded value at the bond market dropped slightly to 1.925bn with, interestingly, all 33 fixed government treasury bonds, including six re-opened ones had deals. In the end, despite the drop, 83 deals were recorded for the day compared to 39 on Monday.
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