JULY 26, 2017: BULLISH, INDEX NEW HIGH AT NIGERIAN SE.

At the Nigerian stock exchange today July 26, 2017, the bulls had a field day as the All shares index rose by 3.4% to 36,740.77, a new high.

This was driven by 31 price gains especially gains recorded by Dangote cement, Total Nigeria and Nigerian Breweries, all of them leading capitalised equities.

Dangote cement continued with its upwards push in recent days with lead Naira gain of N11.50 or 4.93% per share. It had also witnessed 68 deals for 2.439m shares worth 2nd highest N596.8m traded value.

Aided by Zenith bank's N1.60 per share gain, Dangote cement had thus driven premium index up by 4.89% to 2635.91.

The only other index that closed with growth ahead of ASI growth was banking index, up 3.72% to 454.86. All other sectoral indices except ASEM, rose in line with the bullish environment but none was above or equal to the growth in ASI.

Total Nigeria was the other equity with noteworthy gain rising by N11.01 per share or 4.23%. It recorded 29 deals for 0.061m shares worth N16.46m.

The last of the leading gainers was Nigerian Breweries up N7.90 per share and recorded 10th ranked 120 deals for 0.895m units worth 8th ranked N145.3m.

Traded value ended the day 88.7% up at N4.64bn with  no equity recording above N1bn but Zenith Bank paced the market with 3rd placed 423 deals for also 3rd placed 33.28m units worth N838.35m.

Traded volume, on the other hand rose by only 16.2% to 335.3m shares with lead volume recorded as leading 518 deals were struck in FBN Holdings for leading 42.76m units worth 6th ranked N257.92m. FBN Holdings had gone down by N0.31 per share or 2% but this had little effect on premium index.

However, number of deals recorded more than doubled to 5385 with FBN Holdings lead followed by UBA, down N0.33 per share or 3.17% with 480 deals for also 2nd ranked 33.93m shares worth 4th placed N345.8m.

In % terms, the gains were led by Con oil up 10.21% or N3.06 per share and Fidson Pharmaceuticals up by 10.06% or N0.31 per share.

There were 17 price drops led by AIICO % wise with 5.26% drop to N0.54 per share and SCOA, down 4.77% or N0.18 per share.

Top Naira drop was by Mobil oil down N1.50 per share or by 0.59%.

Two price gains were recorded in the ETF segment of the market: VetindETF closed at N23, up 8.18% or by N1.74 and Vetbank rose by N0.27 or 6.38% to N4.50.

Comments

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more