JUNE 22, 2018: DAILY AT NAIROBI, NIGERIAN, GHANA STOCK MARKETS

With growing knowledge of the Ghana Stock Exchange, daily review is now up to the same day for the 3 stock markets in Africa covered so far by Henates

NIGERIAN STOCK EXCHANGE:

TRADE AT LOW

At the Nigerian Stock Exchange Friday June 22 2018, the trading week ended with lowest trade in months.

Traded volume came to 167.23m shares about one of the lowest since October 19 2017 when 140.87m shares were traded.

Besides, the October 19 2017 low was traded for N1.72bn, higher than the traded value of N1.42bn on June 22 2018 which compared very unfavourably with N4.1bn worth of 271.76m shares traded on Thursday.

The All share index closed down again on Friday thus trending in that direction through the 4-day week after holidays on previous Friday and Monday.

There was no reason not to head that way because top weighted Dangote Cement not only paced price drops, top 5 decline were N1 per share or above while only light weighted Okomu Oil closed up above the same margin.

Dangote Cement ended Thursday at N230.3 per share, opened the day at N233.7 then slipped to close at N225 per share; that is down N5.3 or 2.30% per share.

There was fair investors interest though as 135 deals were struck for 1.088m shares worth N245.7m.

Other major price drops were Unilever Nigeria's N2.25 or 4.25% per share while recording 33 deals for 0.23m shares valued at N12.2m; Forte Oil's N1.75 or 4.89% decline while witnessing 63 deals for 0.318m units worth N10.59m and Nigerian Breweries N1.5 or 1.34% per share easing while 0.28m shares were exchanged for N31.75m.

Among price gainers, Okomu Oil had a solo by closing up N4 per share or 3.43% while recording 19 deals for 0.32m shares worth N30.33m.

Traded volume and value were low because top volume was 26.63m shares of Fidelity Bank exchanged in  2nd highest 254 deals worth N60.5m while top value was Guaranty Trust Bank's N311.89m from 3rd ranked 248 deals for 7.81m shares.

The leading number of deals were Honeywell Flour Mill's 265 deals for 2nd highest 19.3m shares valued at N41.55m.

GHANA STOCK EXCHANGE:

DIVE IN TRADED VOLUME.

After clocking relatively high traded volume through 3days out of the 5 day week, only number of shares that changed hands at the Ghana Stock Exchange took a dive on Friday June 22, 2018.

The week had started with exceptional 5.79m shares traded on Monday, declined to 107,581m on Tuesday then rose in the next two days to 493,407 shares through Wednesday's 272,365 units.

On Friday, however, traded volume dropped drastically to 179,566 shares, higher than only Tuesday figure.

Dominant trade was in Ecobank Ghana in which 118,700 shares were traded at GHc 8.50 per share, unchanged in price.

Other major deals in Ecobank Transnational for 41,300 shares at GHc 0.21 per share which represented GHc 0.03 gain per share and 10,000 units sold in Digicut at GHc 0.9 per share.

In all there were 2 price gains and one drop. In addition to the ETI shift, CAL Bank rose by GHc 0.16 per share while 900 shares changed ownership at GHc 1.22 per share.

The lone decline was by Standard Chartered Bank down GHc 0.33 per share as it closed at GHc 27.0 per share after an odd lot of 80 units were sold.

TRADED VOLUME.

18/6/2018.    5,793,485
19/6/2018:       107,581
20/6/2018:       272,365
21/6/2018:       493,407
22/6/2018:       179,566

NAIROBI SECURITIES EXCHANGE:

BRITISH AMERICAN TOBACCO DOWN Ksh 10 BUT....

British American Tobacco recorded a solo run on Friday June 22 2018 at the Nairobi Securities Exchange as found and closed the day at Ksh 610 per share, down Ksh 10 per share.

However, even though 18 other equities recorded price drops as against 10 with gains, it did not depress the All share index.

Instead, the ASI rose by 2.66 points to 172.74 thus ending days downwards.

The main driver of ASI increase was Safaricom's Ksh 1 per share gain as it touched day high of Ksh 28.75 per share then a low of Ksh 27.25 before closing at Ksh 28.25 per share compared to Ksh 27.25 on Thursday.

Top gain though, was Ksh 2 per share recorded by TPS Eastern in the commercial sector as it closed at Ksh 33 per share as against Ksh 31 previously while witnessing deals for 20,900 units.

Traded volume on Friday June 22 improved slightly to 27.89m shares but this was not high enough to push all week traded volume beyond 107m shares compared to 118m previous week.

In fact, in spite of the day's rise in volume, traded value declined to Ksh626.15m from Thursday's Ksh 864.6m and so all week traded value came to Ksh 3.26bn previously.

Safaricom as usual paced trade within the week with deals recorded for 49.9m shares worth Ksh 1.3bn at between Ksh 27.25 and 30.25 per share.

The banks chipped in Ksh 1.26bn traded value for the week with Equity Group pacing with deals for 18.9m shares worth Ksh 918m at between Ksh 47.50 and 49 per share followed by KCB Group with Ksh5m shares exchanged for Ksh 253m within the week.

On Friday June 22, WPP Scan Group recorded rare offload of 3.0m shares and ended the week with 3.3m units traded volume worth Ksh 55.9m.

East African Breweries fell short of usual trade on Friday but all week still boasted deals for 1.7m shares worth Ksh 366m at between Ksh 214 and 230 per share.

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