AUGUST 23, 2017: RUNAWAY TRADED VALUE AT NIGERIAN STOCK EXCHANGE.

At the Nigerian stock market today, August 23, 2017, witnessed runaway traded value of N5.53bn, up 50.6% and well ahead if only 8.18% growth recorded in traded value to 264.28m shares accompanied by 0.52% rise in number of deals to 3849.

The runaway occurred as 3 equities, of high price range, closed with deals for above N1m each.

Zenith bank edged ahead of Nestlé Nigeria with N1,324bn traded value as it recorded day high 327 deals and 57.24m shares offload. Zenith had closed up by N0.45  per share.

On the other hand, Nestle eased by N0.20 per share then recorded 10th ranked 106 deals for 1.08m units worth N1.322.88bn.

The 3rd traded value driver was GTV with 2nd ranked 322 deals for 3rd placed 23.5m shares worth N1,16bn while gaining N0.09 per share.

Thus, together, the trio accounted for N3.81bn or 68.9% of traded value for the day.

However, Nestlé's volume was short of top 10 and GTB's was edged into 3rd position by UBA, up N0.12 per share with 4th placed 232 deals for 40.59m offload worth 5th placed N378.86m.

FBN Holdings trailed Zenith and GTB in deals recording 264 deals for 5tg ranked 12.09m shares worth N75.5m a step ahead of the 10th in terms of value.

La, Farge  Africa was the 5th equity with above 200 deals closing with 211 deals for 7.119 units worth N412.33m despite going down by N1.49 per share.

Closing up 0.26% to 37,059.21 was a rather dicey affair for the All shares index but mainly because the pull downward by 17 losers was strong .

Total Nigeria led Naira losers with a drop of N11.51 per share or 4.81%. It also recorded 60 deals involving 0.147m shares worth N34.3m.

It was followed by 7up down by N4.84 per share or 2nd ranked 4.99%. 7up ended the day with 15 deals for 0.063m shares worth N5.868m while Skyebank, down N0.05 per share or 7.46% led % drops and ended with 39 deals for 5.26m units worth N3.215m.

There were 21 gaibers led in Naira terms by Nigerian Breweries, up N2.01 or 1.10% per share and % wise by Caverton Offshore which closed 9.52% up or N0.1 per share and recorded just 6 deals for 0.421m shares worth N0.48m.

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