JUNE 21, 2017: BEARS BACK BUT NOT AT NAIROBI
At Africa's two NSEs, the bears were back June 21 2017 but not at Nairobi Securities Exchange.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange Wednesday June 21 2017, bearish market drove most prices down volumeting in a major 2.61% drop in All shares index to 33,477.89.
The pressure on ASI came more from decline in all three equities in the premium board resulting in 4.20% dive in its index to 2227.93 coupled with 2
3.56% decrease in industrial index to 1975.08; in pension index by 2.55% to 1179.55 and indeed in all sectoral indicea except ASEM index which closed up by 0.16% at 1170.08.
The unusual happened actually in the emerging market sector (ASEM); the only waste management company, The Initiates plc, gained N0.76 per share and recorded a lone deal for 120,000 units to push up the ASEM index.
The slide in premium index was led by Dangote cement down by 2nd day high N8.97 per or 4.19% closing with 75 deals for 1.596m shares worth 5th ranked N328.27m.
In the same premium board, Zenith bank dropped by N0.88 per share or 3.99% accompanied with pace setting in deals, volume and traded value. It witnessed day high 638 deals, 87.934m units offload worth N1,861.24m.
FBN Holdimgs, too, went down N0.33 per share or by 4.95% revording 2nd ranked 547 for 6th 37.059m shares wortj also 6th N236. 459m.
Traded value bounced back by 51% to N6.396bn even though traded volume grew by lower 29.7% to 508.7m shares and number of deals rose by 8.57% to 5876.
Zenith's lead here was followed by GTB, down N0.91 per share or 2.53% with 4th ranked 357 deals for 3rd 50.27m shares worth N1,796.22m. Thus, between both, 57.3% of traded value was accounted for.
The lead in traded volume was however, trailed by Fidelity bank down 1.53% or N0.02 per share recording 7th ranked 196 deals for 2nd 55.39m units worth outside top ten N71.48m.
Diamond bank and UBA were two other equities with above 40m traded volume. Diamond bank dropped in price by 4.59% and witnessed 6th 211 deals for 45.6m shares worth N56.67m and UBA closed 0.34% down recording 3rd ranked 376 deals for 5th 40.45m units worth 4th placed N336.8m.
Top deals were recorded in the above equities too except Access bank down 3.96% with 5th ranked 269 deals for 8th 24.8m worth 7th N233.18m.
One equity that recorded a rare rush was Forte Oil without price change 9th placed 196 deals were struck while only 0.54m units were on offer worth N26.179m.
In all, the bears drove the prices of 42 equities down led by Sterling Bank down 7.77% to N1.03 per share recording 78 deals for 19.29m units worth N18.38m.
A total of 17 losers dropped by above 4% with PZ Cussons and Skye Bank following Sterling with 5% drop each.
Top Naira drop was however by Nestle down by N10 per share or 1.10% followed by Dangote cement then 7up Bottling down N2.99 or 4.06% per share.
There were only 16 gainers with some so marginal in Naira terms they could be ignored. In % terms, Neu
Imeth International led % gain with 9.09% or N0.07 per while, Con oil closed with top Naira gain of N1.92 per share but 2nd highest 4.99%.
NAIROBI SECURITIES EXCHANGE
At the Nairobi stock market All shares index rose by 0.26% to 153.23 while activity indicators tumbled from Tuesday strong rally.
Traded volume dropped by 44.9% to 28.98m shares; traded value went down by 56.3% to 708.87m Kshillings and number of deals stood at 921, down 40.4%.
In volume terms, it was a rather spread out affair with no one clear pacing sector.
Of course, Safaricom still ke
led with deals for 10.865m units or 37.5% of traded volume. It's shares were sold at between 22.50 and 23.50 Ksh per share for 247m traded value or 34.8% of market total.
The banking was responsible for 212m Ksh traded value or 29.9% with Cooperative bank recording deals for 6.33m units at between 16.70 and 17.05 Ksh per share worth 107m Ksh; Equity group 25 cents up recording deals for 1.148m worth 44m Ksh and KCB group chipping in deals for 1m units worth 37.8m Ksh.
Barclay's bank also had deals for above 1m units (1.2m) while high priced Diamond Trust Bank had deals for 61,800 shares.
Two other equities recorded above 1m volume: Carbacid Investment (2.23m) and Mumias Sugar (1.377m) but high priced East African Breweries in the same manufacturing and allied sector contributed higher value as it witnessed deals for 322,800 units at between 265 and 269 ksh per share worth 86m Ksh out of the 121mKsh or 17.07% accounted for by the sector.
The bond market was low key once again with traded value closing at 1.498bn Ksh.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange Wednesday June 21 2017, bearish market drove most prices down volumeting in a major 2.61% drop in All shares index to 33,477.89.
The pressure on ASI came more from decline in all three equities in the premium board resulting in 4.20% dive in its index to 2227.93 coupled with 2
3.56% decrease in industrial index to 1975.08; in pension index by 2.55% to 1179.55 and indeed in all sectoral indicea except ASEM index which closed up by 0.16% at 1170.08.
The unusual happened actually in the emerging market sector (ASEM); the only waste management company, The Initiates plc, gained N0.76 per share and recorded a lone deal for 120,000 units to push up the ASEM index.
The slide in premium index was led by Dangote cement down by 2nd day high N8.97 per or 4.19% closing with 75 deals for 1.596m shares worth 5th ranked N328.27m.
In the same premium board, Zenith bank dropped by N0.88 per share or 3.99% accompanied with pace setting in deals, volume and traded value. It witnessed day high 638 deals, 87.934m units offload worth N1,861.24m.
FBN Holdimgs, too, went down N0.33 per share or by 4.95% revording 2nd ranked 547 for 6th 37.059m shares wortj also 6th N236. 459m.
Traded value bounced back by 51% to N6.396bn even though traded volume grew by lower 29.7% to 508.7m shares and number of deals rose by 8.57% to 5876.
Zenith's lead here was followed by GTB, down N0.91 per share or 2.53% with 4th ranked 357 deals for 3rd 50.27m shares worth N1,796.22m. Thus, between both, 57.3% of traded value was accounted for.
The lead in traded volume was however, trailed by Fidelity bank down 1.53% or N0.02 per share recording 7th ranked 196 deals for 2nd 55.39m units worth outside top ten N71.48m.
Diamond bank and UBA were two other equities with above 40m traded volume. Diamond bank dropped in price by 4.59% and witnessed 6th 211 deals for 45.6m shares worth N56.67m and UBA closed 0.34% down recording 3rd ranked 376 deals for 5th 40.45m units worth 4th placed N336.8m.
Top deals were recorded in the above equities too except Access bank down 3.96% with 5th ranked 269 deals for 8th 24.8m worth 7th N233.18m.
One equity that recorded a rare rush was Forte Oil without price change 9th placed 196 deals were struck while only 0.54m units were on offer worth N26.179m.
In all, the bears drove the prices of 42 equities down led by Sterling Bank down 7.77% to N1.03 per share recording 78 deals for 19.29m units worth N18.38m.
A total of 17 losers dropped by above 4% with PZ Cussons and Skye Bank following Sterling with 5% drop each.
Top Naira drop was however by Nestle down by N10 per share or 1.10% followed by Dangote cement then 7up Bottling down N2.99 or 4.06% per share.
There were only 16 gainers with some so marginal in Naira terms they could be ignored. In % terms, Neu
Imeth International led % gain with 9.09% or N0.07 per while, Con oil closed with top Naira gain of N1.92 per share but 2nd highest 4.99%.
NAIROBI SECURITIES EXCHANGE
At the Nairobi stock market All shares index rose by 0.26% to 153.23 while activity indicators tumbled from Tuesday strong rally.
Traded volume dropped by 44.9% to 28.98m shares; traded value went down by 56.3% to 708.87m Kshillings and number of deals stood at 921, down 40.4%.
In volume terms, it was a rather spread out affair with no one clear pacing sector.
Of course, Safaricom still ke
led with deals for 10.865m units or 37.5% of traded volume. It's shares were sold at between 22.50 and 23.50 Ksh per share for 247m traded value or 34.8% of market total.
The banking was responsible for 212m Ksh traded value or 29.9% with Cooperative bank recording deals for 6.33m units at between 16.70 and 17.05 Ksh per share worth 107m Ksh; Equity group 25 cents up recording deals for 1.148m worth 44m Ksh and KCB group chipping in deals for 1m units worth 37.8m Ksh.
Barclay's bank also had deals for above 1m units (1.2m) while high priced Diamond Trust Bank had deals for 61,800 shares.
Two other equities recorded above 1m volume: Carbacid Investment (2.23m) and Mumias Sugar (1.377m) but high priced East African Breweries in the same manufacturing and allied sector contributed higher value as it witnessed deals for 322,800 units at between 265 and 269 ksh per share worth 86m Ksh out of the 121mKsh or 17.07% accounted for by the sector.
The bond market was low key once again with traded value closing at 1.498bn Ksh.
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