JUNE 20, 2018: DIFFERENT STROKES AT NIGERIAN, NAIROBI GHANA SEs

NIGERIAN STOCK EXCHANGE:
.
BANKS DOMINATE TRADE
Banks or groups with bank dominant subsidiaries on Wednesday June 20 dominated trade at the Nigerian Stock Exchange.
Of the top 10 trade by volume, 7 were banks or with bank flagship even though traded volume dropped from 390.04m shares on June 19 to 267.76m dragging traded value down to N3.82bn from N6.115bn previously.
Zenith bank led the pack in  volume, value and even number of deals thus falling short of pacing all indicators by closing up by only N0.50 or 1.96% per share.
Zenith closed at N26 per share after a low of N25.35 while recording leading 644 deals for 44.84m pacing offload worth day high N1.146bn.
FBN Holdings followed with 2nd ranked 507 deals for 38.69m shares worth N411.82m as it went down by N0.05 per share.
Both leaders were trailed by Access bank with 174 deals for 25.82m shares valued at N266.668m; and UBA , up N.15 per share as 14.2m of its shares changed hands for N151.65m.
It was another day downwards for the All share index as it closed 0.15% down at 38,605.07 mainly as driven by major decline by Seplat Petroleum and higher margin of decline on the average.
Otherwise there were 23 price gains and 20 drops.
Seplat tumbled by N37.7 or 4.99% per share as it opened and closed at N717.2 per share compared to N754.9 previously while posting 50 deals for 0.65m shares worth N103.668m.
Nigerian Breweries was the only other equity with above N1 per share drop as it declined by N1.1 or 1% per share while 0.696m shares changed hands in 92 deals valued at N74.49m.
On the other hand, none gained by above N1 per share as Forte Oil paced gains with N0.65 or 1.85% per share closing with 67 deals for 0.898m shares worth N32.019m.
NAIROBI SECURITIES EXCHANGE:
TRADE STILL RECOVERING BUT...
Traded volume continued to recover Wednesday June 20 at the Nairobi Securities Exchange as traded volume rose to 27.29m shares  from Tuesday's also improved 16.8m.
Traded value top rose to Ksh 853.64m from Ksh728.05m although number of deals sealed dropped to 1313 from 1541 previously.
However, the All share index continued downwards in spite of the trade recovery as it closed at 170.14 down 3.34 points even though the market could not be said to be truly bearish.
The day ended with 20 price drops and 15 gains but the change margins were slightly higher for drops.
Top decline was by I & M Holdings down Ksh 3 per share as it found and closed at Ksh 117 per share as against Ksh 120 per share on Tuesday.
It was followed by Ksh 2 per share drops by BOC Kenya and East African Breweries, both of the manufacturing and allied sector.
Top gain was witnessed by Diamond Trust Bank closing Ksh 1 per share up as it found and closed at Ksh 196 per share compared to Ksh 195 on Tuesday.
In the end, just like for Tuesday, Safaricom came up with the swinger as this time it went down Ksh 1 per share.
Unlike Tuesday though, in the process it contributed more than 50% to both traded volume and value as it witnessed deals for 16.08m shares at between Ksh 27.25 and 28.50 per share worth Ksh 441m or 51.64% of total traded value.
Only the banking sector came close to this with Ksh 379m traded value or 44.25% paced mainly by Equity Group with deals for 6.946m shares at between Ksh 47.50 and 48.75 per share worth Ksh 333m.
Prices changed the most at the banking sector with 9 recorded: 5 down and 4 up.
The bond market did not flow with the equity market recovery mood as total value of stocks traded came to Ksh 2.1bn as against Ksh 2.4bn on Tuesday.
GHANA STOCK EXCHANGE:
BACK TO OLD GRIND
After 2 days of relatively high trade, it was back to old trend Tuesday June 19 2018 at the Ghana Stock Exchange.
Traded volume came to 107,581 shares compared to 5.79m and above 1m on Monday and Thursday last last week before the Friday holiday.
The main trade was  recorded by SIC Insurance as deals were struck for 102,600 shares at Ghc 0.39 per share.
Others main trades were 1300 units sold in CAL Bank at still running GHc 1.26 per share and Benson Oil Palm Plantation's 1200 shares sold at GHc 7.29 per share with more still available at that price but there no more takers.
Ecobank Transnational recorded deals for only 800 units at GHc 0.19 per share down GHc 0.01 but there was room for more except that offer price was upped to GHc 0.21 per share while bid price remained the same.
The same with Ecobank Ghana in which 200 shares changed hands at GHc 0.19 per share, down GHc 0.93 per share but it was bid price that later dropped to GHc 8.10 per share without corresponding shift in offer price for more deals to follow.
In the end, these 2 price drops were the only price changes for the day and the All share index declined in tow by 43.56 points to 2929.99 from 2929.99 on Monday.
A total of 5 equities closed on offer as against 12 on bid and so recorded no deals for the day.

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