JUNE 29, 2017; TRADED VALUE UP SHARPLY AT NAIROBI AND NIGERIAN SEs.
At both the Nigerian and Nairobi stock markets Thursday June 29, 2017, traded value increased significantly especially at Nairobi where it more than tripled to 755.8m Kshillings from 211,8m the previous day.
NAIROBI SECURITIES EXCHANGE:
At Nairobi stock market on June 29, the 256.85 leap in traded value was mainly as deals were recorded in sparsely traded and high priced British American Tobacco (BAT) for 328,00 units worth about 263.8m Ksh thus accounting for then bulk of the leading 35.33% or 267m Ksh of traded value contributed by the Manufacturing and allied sector.
But in terms of volume, Safariccom, with its low nominal value and resultant high number of issued units topped the day with deals for 9.288m shares at between 23 and 23.75 % worth 215m Ksh. .As a pointer to the place of deals recorded in high nominal value and still high priced equities like BAT, Safaricom recorded volume was about 39.2% of the day's 23.7m shares traded units as against their traded value coming to only about 28.5% of market total.
In all, apart from Safaricom, three other equities recorded deals for above 1m units: Equity group in the banking sector; KenGen in the Energy and petroleum sector and rarely traded Liberty Kenya Holdings in the insurance sector.
Equity group witnessed deals for 4.245m shares at between 37.25 and 28.25 Ksh per share worth 161m Ksh which was the substantial part of banking sector's 196m Ksh or 25.97% contribution to traded value. Even though many banks recorded deals, two other major contributors were Cooperative bank down 20 Kenyan cents, recorded deals for 815,600 units worth 13.5m Ksh and NIC Bank with deals for 298,600 shares worth 9.6m Ksh.
Ken Gen too was the major traded value contributor in the energy and petroleum sector while witnessing deals for 3.313m units at between 7.60 and 8.30 Ksh per share worth 26.5m Ksh. The sector contributed 40.4m Ksh or 5.35% to traded value with helping hand coming from Ken Kobil, though down 10 Kenyan cents, recorded deals for 879,800 shares worth 12m Ksh.
Liberty Kenya Holdings, on the other hand, witnessed the exchange of its 1.007m shares at 11m Ksh which accounted for much of the 16.8m Ksh or 2.23% chipped in by the sector.
However, 99.2% increase in traded volume to 23.7m shares helped drive traded value upwards as well but number of deals recorded declined slightly by 0.25% to 1182. Against this run, though All shares index dropped by 0.71% to 153.22.
Business at the bond market slowed down slightly with traded value easing to 2.538bn compared to 3.963m Ksh previously in 48 deals as aginst 56 on Wednesday.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, traded value firmed up by 45.5% to N4.806bn accompanied by 13.7% increase in traded volume to 439.2m shares ; 5.08% increase in number of deals to 4594 and 1.88% increase in the All shares index to 33,269.84.
But the value growth was due mainly to deals recorded in UBA and Nigerian Breweries. Indeed, UBA paced the market in all three activity indicators for the day as leading 714 deals were struck for top flight 175.999m units offload worth leading N1,616.67m. It had gained N0.47 per share or 5.22%.
Nigerian Breweries recorded 82 deals for outside top ten 6.75m units worth 2nd highest N1,069.48 and closed N4.19 per share or by 2.71%.
In other words, both UBA and Nigerian Breweries made up 55.9 % of market traded value forthe day even while contributing rather insignificantly to traded volume.
Of the rest, only Access bank had deals for shares worth above half of the billions contributed by the leading two by traded value. It recored 5th placed 266 deals for 2nd highest 54.8m shares worth 3rd placed N512.58m. Access bank ended the day up by 4.95% or by N0.45 per share.
In terms of traded volume, the lead by UBA and Access bank was followed by Transcorp as it recorded 4th ranked 271 deals for 3rd placed 43.8m shares worth N63.829m closing down by 2.67% or N0.04 per share and from quite a distance by the 26.3m shares of Diamond bank that changed hands in 6th 206 deals worth N33.738bn . Diamond ended the day up by 2nd highest 8.33% or N0.10 per share.
The picture was slightly different if ranking is by deals witnessed. The lead here provided by UBA was followed by FBN Holdings with 369 deals for 7th ranked 16.5m shares worth 8th N101.93m closing with 4.91% gain or N0.29 per share and Zenith bank as 307 deals in it were sealed for 5th ranked 20.02m shares worth 4th placed N422.02m.
The second day of strong recovery for All shares index was influenced mainly by 37 price gainers as against 14 losers especially as heavy weights like Seplat petroleum; Dangote Cement, Nigerian Breweries and Mobil led Naira gainers.
Seplat Petroleum rose by N5.0 per share or 1.09% and so aided by N2.02 per share or 0.81% gain by Mobil oil, the Oil and gas index ended 1.27% up at 324.97.
However, the shove for ASI came more from 2.47% increase in Premium index to 2220.42 as Dangote Cement gained N4.98 per share or 2.49%; Zenith ended up by N0.32 per share and FBN Holdings gained N0.29 per share.
There was significant increase in industrial index too by 2.26% to 1933.89 and in pension index by 2.38% to 1165.51. All others rose by % that was lower than the ASI % growth although noteworthy was the 0.17 % uplift in usually firm ASEM index to 1172.76 as waste managers, Initiates plc rose by N0.02 per share or 2.56% to record 2 deals for 8.07 units worth N6.30m.
In % terms, gainers were led by PZ Cussons, up 9.90 % or N2.07 per share and Diamond Bank.
The 14 losers were led in Naira terms by CAP PLc with N1.25 per share or 3.76% drop but in % terms by a cluster of 6 equities with above 4% drops each led by May and Baker down 4.88% or by 2nd highest N0.22 per share followed by Livestock feeds, down by 4.76%; Skyebank, down 4.69%; Transexpress with 4.60% drop, Jaiz Bank down 4.26% and Neimeth Intenational which declined by 4.26% or N0.04 per share.
NAIROBI SECURITIES EXCHANGE:
At Nairobi stock market on June 29, the 256.85 leap in traded value was mainly as deals were recorded in sparsely traded and high priced British American Tobacco (BAT) for 328,00 units worth about 263.8m Ksh thus accounting for then bulk of the leading 35.33% or 267m Ksh of traded value contributed by the Manufacturing and allied sector.
But in terms of volume, Safariccom, with its low nominal value and resultant high number of issued units topped the day with deals for 9.288m shares at between 23 and 23.75 % worth 215m Ksh. .As a pointer to the place of deals recorded in high nominal value and still high priced equities like BAT, Safaricom recorded volume was about 39.2% of the day's 23.7m shares traded units as against their traded value coming to only about 28.5% of market total.
In all, apart from Safaricom, three other equities recorded deals for above 1m units: Equity group in the banking sector; KenGen in the Energy and petroleum sector and rarely traded Liberty Kenya Holdings in the insurance sector.
Equity group witnessed deals for 4.245m shares at between 37.25 and 28.25 Ksh per share worth 161m Ksh which was the substantial part of banking sector's 196m Ksh or 25.97% contribution to traded value. Even though many banks recorded deals, two other major contributors were Cooperative bank down 20 Kenyan cents, recorded deals for 815,600 units worth 13.5m Ksh and NIC Bank with deals for 298,600 shares worth 9.6m Ksh.
Ken Gen too was the major traded value contributor in the energy and petroleum sector while witnessing deals for 3.313m units at between 7.60 and 8.30 Ksh per share worth 26.5m Ksh. The sector contributed 40.4m Ksh or 5.35% to traded value with helping hand coming from Ken Kobil, though down 10 Kenyan cents, recorded deals for 879,800 shares worth 12m Ksh.
Liberty Kenya Holdings, on the other hand, witnessed the exchange of its 1.007m shares at 11m Ksh which accounted for much of the 16.8m Ksh or 2.23% chipped in by the sector.
However, 99.2% increase in traded volume to 23.7m shares helped drive traded value upwards as well but number of deals recorded declined slightly by 0.25% to 1182. Against this run, though All shares index dropped by 0.71% to 153.22.
Business at the bond market slowed down slightly with traded value easing to 2.538bn compared to 3.963m Ksh previously in 48 deals as aginst 56 on Wednesday.
NIGERIAN STOCK EXCHANGE
At the Nigerian stock exchange, traded value firmed up by 45.5% to N4.806bn accompanied by 13.7% increase in traded volume to 439.2m shares ; 5.08% increase in number of deals to 4594 and 1.88% increase in the All shares index to 33,269.84.
But the value growth was due mainly to deals recorded in UBA and Nigerian Breweries. Indeed, UBA paced the market in all three activity indicators for the day as leading 714 deals were struck for top flight 175.999m units offload worth leading N1,616.67m. It had gained N0.47 per share or 5.22%.
Nigerian Breweries recorded 82 deals for outside top ten 6.75m units worth 2nd highest N1,069.48 and closed N4.19 per share or by 2.71%.
In other words, both UBA and Nigerian Breweries made up 55.9 % of market traded value forthe day even while contributing rather insignificantly to traded volume.
Of the rest, only Access bank had deals for shares worth above half of the billions contributed by the leading two by traded value. It recored 5th placed 266 deals for 2nd highest 54.8m shares worth 3rd placed N512.58m. Access bank ended the day up by 4.95% or by N0.45 per share.
In terms of traded volume, the lead by UBA and Access bank was followed by Transcorp as it recorded 4th ranked 271 deals for 3rd placed 43.8m shares worth N63.829m closing down by 2.67% or N0.04 per share and from quite a distance by the 26.3m shares of Diamond bank that changed hands in 6th 206 deals worth N33.738bn . Diamond ended the day up by 2nd highest 8.33% or N0.10 per share.
The picture was slightly different if ranking is by deals witnessed. The lead here provided by UBA was followed by FBN Holdings with 369 deals for 7th ranked 16.5m shares worth 8th N101.93m closing with 4.91% gain or N0.29 per share and Zenith bank as 307 deals in it were sealed for 5th ranked 20.02m shares worth 4th placed N422.02m.
The second day of strong recovery for All shares index was influenced mainly by 37 price gainers as against 14 losers especially as heavy weights like Seplat petroleum; Dangote Cement, Nigerian Breweries and Mobil led Naira gainers.
Seplat Petroleum rose by N5.0 per share or 1.09% and so aided by N2.02 per share or 0.81% gain by Mobil oil, the Oil and gas index ended 1.27% up at 324.97.
However, the shove for ASI came more from 2.47% increase in Premium index to 2220.42 as Dangote Cement gained N4.98 per share or 2.49%; Zenith ended up by N0.32 per share and FBN Holdings gained N0.29 per share.
There was significant increase in industrial index too by 2.26% to 1933.89 and in pension index by 2.38% to 1165.51. All others rose by % that was lower than the ASI % growth although noteworthy was the 0.17 % uplift in usually firm ASEM index to 1172.76 as waste managers, Initiates plc rose by N0.02 per share or 2.56% to record 2 deals for 8.07 units worth N6.30m.
In % terms, gainers were led by PZ Cussons, up 9.90 % or N2.07 per share and Diamond Bank.
The 14 losers were led in Naira terms by CAP PLc with N1.25 per share or 3.76% drop but in % terms by a cluster of 6 equities with above 4% drops each led by May and Baker down 4.88% or by 2nd highest N0.22 per share followed by Livestock feeds, down by 4.76%; Skyebank, down 4.69%; Transexpress with 4.60% drop, Jaiz Bank down 4.26% and Neimeth Intenational which declined by 4.26% or N0.04 per share.
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