OCT 18, 2017: GTB PACES LOW KEY NIGERIAN STOCK EXCHANGE

Today, Wednesday, October 18, 2017 trading in Guarantee Trust Bank (GTB) dictated the pace in an otherwise low key market.

The market had closed with all indicators trending down: Traded value dropped by 37% to N2.986bn; volume declined by 6.25% to 198.634m; number of deals eased by 8.92% to 3543 and above all, the All shares index continued downwards by 0.077% to 36,641.52 after yesterday's 0.81% drop.

However, GTB gave lift to both volume and traded value as it witnessed 7th ranked 156 deals for pace setting 37.05m shares worth equally leading N1.545bn.

Thus, in particular, GTB accounted for dominant 51.7% of total traded value but only played leading role in traded volume terms since contributions were more distributed.

For example, trailing GTB's traded volume was Sterling bank which seemed back in investors focus once again as day high 335 deals were sealed for 2nd ranked 26.89m shares worth N26.892m and Access bank with 3rd placed 255 deals for 20.589m units worth equally 3rd ranked N198.46m 

Zenith bank placed 2nd in both number of deals and value terms with 313 deals for 13.6m shares worth N358.96m.

The ASI declined mainly because there 21 price drops as against only 13 gainers. Total Nigeria, more or less did a solo of sorts dropping N7.59 per share or 3% with no other decliner or gainer coming any where close 

It closed yesterday at N253 per share then opened and closed the day at N245.41 to witness 16 deals for 0.044m shares worth N10.82m.

However, in % terms, NAHCO led the drops with N0.20 or 5.56% decline per share.

On the other hand, GlaxoSmithKline PLC led % and Naira gains with N1.1 or 4.99% per share gain.

Like Total Nigeria, it closed yesterday at N22.05 per share then opened and closed the day at N23.15 per share.

In Naira terms, it was followed by Presco PLC up N0.50 per share with just 15 deals for 0.925m units worth N62.9m.

In % terms, only Custodian Insurance apart from GSK, gained above 4% topping up N0.17 or 4.86% per share.


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

JAN 9, 2019: TREND CONTINUES AT GHANA STOCK EXCHANGE

On Wednesday, January 9 2019, the up one day, down next trend noticed at the Ghana Stock Exchange since this year continued with the Composite Index rising from 2581.46 to 2582.70. The trend had started with drop in GCI on first trading day January 2 and continued till Tuesday's marginal decline as only one equity recorded price change and downwards. The Wednesday rally was underpinned by 3 price gains and one drop. The leading gain was GHs 0.03 per share by Trust Bank ltd of Gambia as it also recorded top trade for the day. TBL's leading 119,200 shares were traded with last deal at GHs 0.26 per share compared to GHs 0.23 close on Tuesday. However, closing  bid was at GHs 0.20 per share thus hinting at possible further drop ahead although it will take a matching offer price to make this happen  The 2 other price gains were GHs 0.01 per share each. CAL Bank recorded deals for 8300 shares with the last deal and closing price at GHs 1 per share, compared to GHs 0.99 previously. Wh...
Read more