JUNE 6, 2018: ASI UP 2.83% AT NAIROBI STOCK MARKET

The Nairobi Securities Exchange ended Wednesday June 6 very positive about most sectors particularly the commercial and allied, Banking and Energy and Petroleum sectors but bearish about insurance and manufacturing.

As a result, the All share index firmed by 2.83% to 176.65 as traded value and volume rose by 44.7% to 25.14m shares and 33.9% to Ksh 858.88m respectively.

There were 20 price gains compared to 15 declines but more specifically, of the nine price changes in Commercial sector, 7 were up; just like 4 out of 5 amongst banks, all 3 price changes in Energy and Petroleum.

The market was bullish too about the agricultural sector as 3 out of 4 price changes were up but it was clearly bearish on manufacturing as all 3 price changes dropped; just like all 4 price changes in the insurance sector.

The lone price drop in the agriculture sector was by Kakuzi and it was a huge market pacing Ksh 34 per share decline as it found and closed at Ksh 320 from previous day's Ksh 354 per share while only 1000 units changed hands.

Trailing it were Ksh 10 per share by Jubilee Holdings and BOC Kenya and Bamburi Cement down Ksh 5 per share each .

Top gain was lower than the top 2 price drops as Williamson Tea rose by Ksh 5 per share as it closed at Ksh 145 as against Ksh 140 per share while just 300 units were exchanged.

Kapchorua Tea trailed with Ksh 3 per share gain thus alligning market sentiment about the sector with Sasini close by Ksh 0.50 per share.

However, yes the price gainers were more than losers but spread of gains did not come close to that of drops. Meaning that the leap in the ASI was guaranteed more by Ksh 0.75 per  share rise by Safaricom.

Safaricom closed at Ksh 29.50 per share after hitting day high of Ksh 30 and low of Ksh 28.75 where it also closed the previous day.

In the end, Safaricom led traded volume with deals for 16.56m shares at between Ksh 28.75 and 30 per share valued at Ksh 493m or 57.33% of total market traded value.

The banking sector ended with Ksh 219m traded value or 25.45% of market total with KCB Group, up Ksh 1.25 per share, witnessing deals for 2.61m shares at between Ksh 47.75 and 49.25 per share valued at Ksh 128m.

In the same sector, Equity Group recorded deals for 1.336m shares worth Ksh 65.5m while closing 1.55% or Ksh 0.75 per share up and HF Group witnessed rather rare 1.013m shares traded in deals worth Ksh 8m.

The last above 1m shares trade was recorded by Centum investment as deals were struck for 1.044m shares at between Ksh 38.50 and 39.50 per share worth Ksh 41m.

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

DEC 20, 2018: UP, DOWN? CHECK ! AT NIGERIAN STOCK EXCHANGE

With one day more to end of the trading week, the All Share Index at the Nigerian Stock Exchange on Thursday confirmed a new up today, down tomorrow trend. The ASI closed at 30,802.90, up 0.32% after Wednesday's 0.35% decrease. Earlier, on December 13, the same trend was punctuated when the ASI closed 0.24% down instead of up. Since the trend resumed and got confirmed on Thursday as it rose by 0.32% on the back of 17 gains and 22 price drops. Seplat Petroleum jumped by N37.8 or 6.81% per share to lead the gainers as found and closed at N593 per share compared to N555.2 previously. It however recorded only 6 deals for 0.146m shares worth N87.106m. Also very much part of the critical pressure on ASI upwards, was N5 of 2.15% per share gain by Dangote Cement while witnessing 98 deals for 2.042m shares valued at N380.390m The rest gains were below N1 per share in contrast to price drops where 3 were above this borderline. Nestle Nigeria set the pace with N10 or 0.68% drop again, as it s...
Read more