VOLUME UP, VALUE DOWN AT NIGERIAN STOCK EXCHANGE

Unity Kapital Insurance, on Friday August 25, 2017 at the Nigerian stock exchange recorded rare offload to push total traded volume up by 77.4% to 422.4m shares but just could not help traded value from dropping by 40.8% to N3.249bn.

Barely shifting from its par traded price of N0.50 pee share, it witnessed 5 deals for 231.4m offload worth N115.7m. It thus accounted for 54.8% of the day's traded volume but just 9th place ranking in terms of traded value.

Access bank trailed its volume lead from quite a distance with leading 291 deals for 39.819m shares worth 3rd placed N403.3m.

So traded value declined despite volume leap because no equity recorded deals worth more than N500m as GTB paced with N485.66m in 2nd ranked 246 deals involving 4th placed 11.938m shares.

The drop in number of deals was also not surprising as none had above 300 deals with Access bank and GTB lead being followed by FBN Holdings with 214 deals for 7.14m shares worth N42.6m.

Even though gainers at 15 almost doubled price losers (26), the All shares index managed to rise by 0.19% to 36646.48 from 36575.86.

This was as Mobil oil closed as an exceptional price loser, down N10.57 or 2nd ranked 5.20% although behind Learn Africa in % terms.

Learn Africa dropped by 9.41% or N0.08 per share to lead % losers followed by Mobil oil and NAHCO, down 4.93% or N0.17 per share.

Mobil closed Thursday at N203.12 per share, hit a high of N192.97 per share before slipping at day low of N192.55 per share.

As for gainers, International Breweries paced both Naira and % by closing up N2.50 or 7.25% per share followed in Naira terms by Nigerian Breweries up N2 per share or 1.06% and % wise by Flour Mills with 4.98% or N1.42 per share.

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