OCT 16, 2017: POSITIVE MONDAY AT NIGERIAN STOCK EXCHANGE

Week 42 took off on positive note at the Nigerian stock exchange today, October 16 2017 as all market indicators closed upwards.

The All shares index edged up by 0.33% to 36,970.81 as 24 price gainers swung the pendulum away from 15 price drops; number of deals rose by 31.5% to 4262; traded volume increased by 214.959m shares and traded value closed at N2.731bn, up 21.8%.

The gainers, in Naira terms were led by GlaxoSmithKline PLC up N1.05 or 5% per share to record 10 deals for 0.138m shares worth N30.63m.

GSK had closed Friday at N21 per share then opened and closed the day at N22.05 per share.

It was trailed by Stanbic IBTC with N1 per share or 2.38%  but the leading % gainers was recorded once more by C & I leasing after a few days of punctuation of its daily lead last week.

C & I Leasing  closed Friday at N1.78 per share, opened at N1.86, hit day low of N1.81 before touching day high and close at N1.95 per share. It witnessed fairly high investor interest as 106 deals were struck to exchange 5.066m shares worth N9.8m.

On the other hand, Naira drops were paced by Nigerian Breweries which continues to seek a bottom, down N2.00 or 1.21%. NB ended Friday at N165 per share, opened at N164, hit day low of N162.55 and day high of N165 but closed at N163 per share.

NB ended with 124 deals for 0.999m shares worth 5th ranked N165.32m.

However lead % drop was by Learn Africa down N0.04 or 5% per share followed by Medview Airlines with 4.40% or N0.02 per share drop.

Learn Africa ended with just 2 deals for 0.219m shares worth N0.167m while Medview witnessed 2 deals too but for 0.25m shares worth N0.384m.

Top traded value was clocked by GTB as 5th placed 243 deals for 3rd ranked 23.3m shared worth N981.379m were sealed but top volume was recorded by Transcorp in 3rd ranked 283 deals for 30.996m shares worth N48.074m.

Zenith Bank paced number of deals with 416 deals involving 12.67m units worth 2nd ranked N328.93m.

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