SEPT 7, 2017: GUINNESS, DANGOTE CEMENT GROW ASI

Guinness Nigeria still basking in the glow of ite full year figures to June and heavy weight Dangote cement on Thursday September 7 2017 drove the All shares index of the Nigerian stock exchange to 36116, up a rare 1.56% in more than a week.

Dangote cement after closing with 3rd highest Naira gain on Wednesday, rose by leading N9.79  or 4.73% on Thursday to close at N216.91 per share.

It had closed at N207.12 on Wednesday, then opened Thursday at the price with which it ended the day. It also recorded 39 deals for 0.06m units worth N13.03m.

In view of this and in spite of fellow premium equities closing marginally down, the premium index rose by 3.5% to 2364.95.

On the other hand, Guinness Nigeria closed at N87.39 per share on Wednesday, opened Thursday at N91.75 then hit new day high of N96.33 per share to close up by N8.94 per share or leading 10.23%.

It also recorded the 5th highest deals for the day as 1.445m shares changed hands in 234 deals worth N135.22m.

Hence aided by gains by some other manufacturers, Guinness helped move the industrial index up by leading 4.53% to 2055.48.

In all there were 19 price gains and 22 drops with Seplat Petroleum , down N24.10 or 5% being the top decline in both Naira and % terms.

Two days earlier, Seplat had led Naira losers then pulled a reverse Wednesday by gaining N16.02 per share to pace price gainers.

This time around it went down by N24.10 per share, almost at par with Tuesday drop. It closed Wednesday at N482 per share, opened and closed Thursday at N457.9. It witnessed just 8 deals involving 0.046m shares worth N21.4m.

However, except for number of deals, trading indicators dropped on Thursday with traded volume down by 21% to 222.69m shares and traded value coming to N4.168bn, down 23.2%.

Indeed, market value would have been much lower but for the 64 deals sealed in high priced Nestlé Nigeria for 2.057m shares worth N2.5bn. Nestlé closed firm though.

Its traded value lead was followed from a long distance by N442.73m worth of 3rd ranked 290 deals for 18.46m shares of Zenith bank.

In terms of volume, Sterling bank lead with 36.58m shares changing hands as its usual scramble surfaced again resulting day high 711 deals Worth N37.249m.

Yesterday, after Tuesday's record 1164 deals involving 11.277m shares, the scramble had recessed as only 46 deals were recorded involving 11.5m units.

Hence it contributed good measure to the growth in Thursday number of deals by 13.7% to 4622. Its lead was trailed by Fidelity bank with 315 deals for 21.9m shares worth N29.39m.

Comments

Post a Comment

Popular posts from this blog

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

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

DEC 20, 2018: UP, DOWN? CHECK ! AT NIGERIAN STOCK EXCHANGE

With one day more to end of the trading week, the All Share Index at the Nigerian Stock Exchange on Thursday confirmed a new up today, down tomorrow trend. The ASI closed at 30,802.90, up 0.32% after Wednesday's 0.35% decrease. Earlier, on December 13, the same trend was punctuated when the ASI closed 0.24% down instead of up. Since the trend resumed and got confirmed on Thursday as it rose by 0.32% on the back of 17 gains and 22 price drops. Seplat Petroleum jumped by N37.8 or 6.81% per share to lead the gainers as found and closed at N593 per share compared to N555.2 previously. It however recorded only 6 deals for 0.146m shares worth N87.106m. Also very much part of the critical pressure on ASI upwards, was N5 of 2.15% per share gain by Dangote Cement while witnessing 98 deals for 2.042m shares valued at N380.390m The rest gains were below N1 per share in contrast to price drops where 3 were above this borderline. Nestle Nigeria set the pace with N10 or 0.68% drop again, as it s...
Read more