SEPT 21, 2017: GTB OFFLOAD MAKES MARKET AT NIGERIAN SE

Like it did on Monday September 19, GTB again paced the Nigerian stock market volume and value today September 21 with a far higher offload of shares snapped up readily.

It lead the market in all three trading indicators: number of deals, traded volume and value.

GTB recorded 286 deals for 171.8m offload worth N6.699bn but gained only N0.25 per share while this was taking place.

It had closed yesterday at N38.7 per share, opened slightly higher at N38.77 then hit day high and low of N39 and N37.51 respectively before closing the day at N38.95 per share.

In other words, GTB accounted for just 8.74% of the day's 3271 number of deals; 40% of the day's 429.2m shares volume and 77.2% of the N8.68bn traded value recorded for the day.

In both volume and value no other equity came close especially in value terms as 2nd place was recorded as Zenith bank witnessed 256 deals for 5th placed 25.48m shares worth N561.5m followed by Access bank with 5th ranked 133 deals for 2nd placed 39.7m shares worth N386.029m.

In volume terms, rarely traded Jaiz bank did witness mini offload in the form of 39.11m shares sold in 22 deals for N26.627m while losing N0.03 per share.

The All shares index closed oh so marginally down by 0.054% to 35,188.97 as major price drops and gains, for once check mated themselves.

Amongst the 25 gainers, Nigerian Breweries and Guinness Nigeria held the Naira gain aces while Total and Dangote Cement did likewise for 20 price losers. Naturally, the scale tilted towards the side Dangote cement was on but this time not so dramatically.

Total Nigeria had closed yesterday at N231 per share then opened and closed the day at N225; down N6 per share. Then it recorded 19 deals for 0.028m units worth N6.37m.

Dangote cement also had similar smooth run down slope as it opened and closed the day at N210 per share after yesterday's N213.39. That is, down N3.39 or 1.18%. A total of  0.054m shares also changed hands in Dangote cement in 27 deals worth N11.395m.

In % terms, however top losers were AIICO Insurance and Champion Breweries down 5.36% or N0.03 per share and 5.35% or N0.13 pee share respectively.

Amongst the gainers, Naira gain pace setter was Nigerian Breweries, up N5.0 per share or 2.98% followed by Guinness Nigeria with N2.48 or 2.56% per share.

NB closed yesterday at N168 per share, opened at N174.97 which became day high, hit day low of N170 then recovered from the low to close at N173 per share.

However % wise the leading gain was recorded in Neimeth International Pharmaceuticals, up 4.92% or N0.09 per share and NEM Insurance which closed with 4.4% or N0.05 gain 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