WEEK 46: BETTER AT NAIROBI SECURITIES EXCHANGE

Week 46 ended today Friday November 17 2017 at Nairobi securities exchange better all round when compared to the previous week.

According to statistics released by the Exchange today on the week, the All shares index closed 2.16 points or 1.34% higher at 163.13 today as against 160.97 last Friday.

Traded volume too rose by 17% to 113.46m shares from week 45's 97m and traded value at Kes 3.471bn was about 15.7%  higher.

The ASI increase was in spite of higher number of price drops (30 within the week) than price gains (20).

The 30 price losers were led in Kes terms by Standard Chartered bank as it shed Kes 9.00 or 3.96% to close today at Kes 218 per share compared to Kes 227 last Friday and recorded deals for only 73,600 shares all through the week.

The bank lost Kes 2.00 per share out of the lot today placing 3rd alongside British American Tobacco on the day's Kes loss chart.

Close on its trail was East African Breweries down Kes 7.00 or 2.87% within the week to record deals for a fairly high 1.695m shares at between Kes 237 and 244 per share worth Kes 406m. 

Today however only 328900 units of its shares changed hands as it lost leading Kes 3.00 per share just like Diamond Trust Bank that also lost Kes 3.00 per share today to pace market price drops.

In % terms though, leading decline was recorded in Car and General, down 8.91% at Kes 23 per share by close of business today. National Bank and ARM Cement followed with 7.80% and 7.34% drop respectively.

Of the week's % gainers, Nairobi Business Ventures paced the market comfortably with 16.98% rise to Kes 3.10 per share followed from quite a distance by Olympia Capital and Carbacid ( recovering from ex-dividend) with 6.45% and 6.08% respectively.

But top Kshillings gain within week 46 was by BOC Kenya up Kes 5.00 per share to Kes 108 from last Friday's Kes 103 per share.

As usual, top traded volume and value for the week were witnessed in Safaricom Ltd with deals for 57m shares traded at between Kes 237 and 244 worth pace setting Kes 1.4bn during the week.

Much of that were recorded before Friday because Friday closed with deals for only 2.8m shares.

The banks chipped in Kes 1.1bn to the week's traded value or 32.33% led by deals for 13m shares worth Kes 532m in KCB Group. Almost half of that (5.74m shares) were traded today at the market.

Equity Group too witnessed deals for 5.9m shares ( 3.86m today) worth Kes 239m as it closed the week 1.88% up while Cooperative bank, down 1.23% recorded Kes 236m worth of deals within the week.

At the bond market, traded value at Kes 5.9bn was lower than week 45's Kes 8.5bn.

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