JUNE 28 2017: ACTIVITY DOWN AT AFRICA'S TWO NSES.
The Nigerian stock exchange reopened from two day sallah holiday today June 28, 2017 to join Nairobi Securities exchange to ease in activity although its All shares index rose by 1.67% to 32,657 while it dropped by 0.8% at Nairobi.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange, the ASI increase was accompanied by 7.49% drop in traded volume to 386.28m shares and 19.95 decrease in number of deals by 19.9% to 4372 although traded value rose marginally by 1.76% to N3.303bn.
The main drivers of the increase in ASI were lead Naira gains in top weighted Dangote Cement, Nestle Nigeria ; Forte Oil and GTB.
Nestle Nigeria led 26 Naira gainers with N9.99 per share top or 1.11% with 49 deals for 0.3m shares worth 5th ranked N272.57m. Indeed, that that amount placed 5th on the traded value chart for the day was enough indication of how scarce traded Naira was.
Dangote cement closed up by N4.40 per share or 2.25% and recorded 42 deals for another less than a million units (0.247m) worth 10th ranked N49.459m.
Forte Oil, on the other hand, rose in price by N2.50 per shaere or 5% and recorded 8th ranked 109 deals for 0.7m shares worth equally outside the top ten N35.23m while GTB gained N1.50 per share to witness day high traded value of N953.9m as 5th placed 231 deals were sealed for 4th ranked 26.23m shares.
With total gainers closing at 26 compared to 21 losers, the pressure on ASI upwards came from 2.0% strong rise in Premium index as all equities quoted therein ended up; 3.16% increase in the banking index to 398.76 and 1.65% rise in pension index to 1138.46.
The % gainers were led by UBA which closed 8.17% up or by N0.68 per share then recorded day high 467 deals for equally pace setting 87.112m units worth 2nd ranked N762.08m. It was followed by NEM insurance which gained N0.07 per share or 7.17% and recorded 18 deals for 2.646m shares worth N2.661m and Diamond bank up 6.19% or N0.07 per share as well with 100 deals for 15.297m units worth N18.242m.
Like Forte Oil Fidelity bank also ended up by 5% but that was just N0.06 per share in Naira terms then recorded 115 deals for 9.188m shares worth N11.259m.
The losers were led by Okomu Oil both in Naira and % terms closing N3.07 per share down or 4.99% like Julius Berger also down by 4.99% but by a lower N2.07 per share.
Okomu Oil ended the day with 51 deals for 0.458 units worth N27.03m while Julius Berger witnessed 21 deals for 0.209m shares worth N8.256m.
In all there were equal number of gainers and losers (13 each) with above 4% shift in price.
UBA's leading volume was trailed by Wema bank in which 51.888m units changed hands in 47 deals worth N28.64m accompanied by 1.75% or N0.01 per share drop followed by Transcorp, up 4.90% with 4th placed 315 deals for 37.4m shares worth 9th ranked N54.42m; then GTB before FCMB which recorded 129 deals for 5th ranked 25m units worth N30.5m.
In terms of deals recorded, FBN Holdings followed UBA's lead from some distance with 381 deals for 7th ranked 15.775m shares worth 8th placed N92.676m then Zenith bank found a place with 331 deals for 13.44m units worth N274.188m.
NAIROBI SECURITIES EXCHANGE:
At Nairobi stock market it was a day of drops all the way as the decline in ASI was accompanied by 52.8%n drop in traded volume to 11.935m shares; 64.6% dive in traded value to 211.865m Ksh and far less remarkable 0.25% easing of number of deals to 1186.
Unlike yesterday, the banking sector failed to outshine Safaricom this time around in both traded volume and value although Safaricom itself was not at its best in volume terms. In all deals for 3.289m shares or 27.6% of traded volume were sealed in Safaricom at between 23 and 23.50 Ksh per share worth 76m Ksh or 35.9% of traded value.
On the other hand, the banking sector contributed 50m Ksh or 23.08% of traded value although all 11 banks recorded deals. Housing Finance group, up % Kenyan cents recorded deals for 1.088m shares worth 11.3m Ksh; Equity Group witnessed exchange of 559,300 shares at between 37.75 and 38.25 Ksh per share worth 21m Ksh while KCB group, down 1.98%, recorded deals for 251,000 units worth 9m Ksh.
Apart from Safaricom and HF Group, two other equities recorded deals for above 1m units: Britam Holdings and CIC Insurance both in the insurance sector. In Britam, 2.23m shares changed hands at between 12 and 13 Ksh per share worth 28m Ksh while CIC Insurance had deals for 1.156m units worth 4.7m Ksh. Thus the insurance sector ended contributing 33.8m or 15.98% of traded value.
The manufacturing sector accounted for 21m Ksh or 10.10% mainly as East African Breweries recorded eals for 74,200 at between 258 and 263 Ksh per share worth 19m Ksh.
The bond market stayed relatively active even though traded value eased to 3.96bn ksh compared to 4bn Ksh clocked yesterday after the sallah one day holiday in Kenya. Investor interest was higher though as number of deals came to 54 as against 48 previously.
NIGERIAN STOCK EXCHANGE:
At the Nigerian stock exchange, the ASI increase was accompanied by 7.49% drop in traded volume to 386.28m shares and 19.95 decrease in number of deals by 19.9% to 4372 although traded value rose marginally by 1.76% to N3.303bn.
The main drivers of the increase in ASI were lead Naira gains in top weighted Dangote Cement, Nestle Nigeria ; Forte Oil and GTB.
Nestle Nigeria led 26 Naira gainers with N9.99 per share top or 1.11% with 49 deals for 0.3m shares worth 5th ranked N272.57m. Indeed, that that amount placed 5th on the traded value chart for the day was enough indication of how scarce traded Naira was.
Dangote cement closed up by N4.40 per share or 2.25% and recorded 42 deals for another less than a million units (0.247m) worth 10th ranked N49.459m.
Forte Oil, on the other hand, rose in price by N2.50 per shaere or 5% and recorded 8th ranked 109 deals for 0.7m shares worth equally outside the top ten N35.23m while GTB gained N1.50 per share to witness day high traded value of N953.9m as 5th placed 231 deals were sealed for 4th ranked 26.23m shares.
With total gainers closing at 26 compared to 21 losers, the pressure on ASI upwards came from 2.0% strong rise in Premium index as all equities quoted therein ended up; 3.16% increase in the banking index to 398.76 and 1.65% rise in pension index to 1138.46.
The % gainers were led by UBA which closed 8.17% up or by N0.68 per share then recorded day high 467 deals for equally pace setting 87.112m units worth 2nd ranked N762.08m. It was followed by NEM insurance which gained N0.07 per share or 7.17% and recorded 18 deals for 2.646m shares worth N2.661m and Diamond bank up 6.19% or N0.07 per share as well with 100 deals for 15.297m units worth N18.242m.
Like Forte Oil Fidelity bank also ended up by 5% but that was just N0.06 per share in Naira terms then recorded 115 deals for 9.188m shares worth N11.259m.
The losers were led by Okomu Oil both in Naira and % terms closing N3.07 per share down or 4.99% like Julius Berger also down by 4.99% but by a lower N2.07 per share.
Okomu Oil ended the day with 51 deals for 0.458 units worth N27.03m while Julius Berger witnessed 21 deals for 0.209m shares worth N8.256m.
In all there were equal number of gainers and losers (13 each) with above 4% shift in price.
UBA's leading volume was trailed by Wema bank in which 51.888m units changed hands in 47 deals worth N28.64m accompanied by 1.75% or N0.01 per share drop followed by Transcorp, up 4.90% with 4th placed 315 deals for 37.4m shares worth 9th ranked N54.42m; then GTB before FCMB which recorded 129 deals for 5th ranked 25m units worth N30.5m.
In terms of deals recorded, FBN Holdings followed UBA's lead from some distance with 381 deals for 7th ranked 15.775m shares worth 8th placed N92.676m then Zenith bank found a place with 331 deals for 13.44m units worth N274.188m.
NAIROBI SECURITIES EXCHANGE:
At Nairobi stock market it was a day of drops all the way as the decline in ASI was accompanied by 52.8%n drop in traded volume to 11.935m shares; 64.6% dive in traded value to 211.865m Ksh and far less remarkable 0.25% easing of number of deals to 1186.
Unlike yesterday, the banking sector failed to outshine Safaricom this time around in both traded volume and value although Safaricom itself was not at its best in volume terms. In all deals for 3.289m shares or 27.6% of traded volume were sealed in Safaricom at between 23 and 23.50 Ksh per share worth 76m Ksh or 35.9% of traded value.
On the other hand, the banking sector contributed 50m Ksh or 23.08% of traded value although all 11 banks recorded deals. Housing Finance group, up % Kenyan cents recorded deals for 1.088m shares worth 11.3m Ksh; Equity Group witnessed exchange of 559,300 shares at between 37.75 and 38.25 Ksh per share worth 21m Ksh while KCB group, down 1.98%, recorded deals for 251,000 units worth 9m Ksh.
Apart from Safaricom and HF Group, two other equities recorded deals for above 1m units: Britam Holdings and CIC Insurance both in the insurance sector. In Britam, 2.23m shares changed hands at between 12 and 13 Ksh per share worth 28m Ksh while CIC Insurance had deals for 1.156m units worth 4.7m Ksh. Thus the insurance sector ended contributing 33.8m or 15.98% of traded value.
The manufacturing sector accounted for 21m Ksh or 10.10% mainly as East African Breweries recorded eals for 74,200 at between 258 and 263 Ksh per share worth 19m Ksh.
The bond market stayed relatively active even though traded value eased to 3.96bn ksh compared to 4bn Ksh clocked yesterday after the sallah one day holiday in Kenya. Investor interest was higher though as number of deals came to 54 as against 48 previously.
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