JULY 16, 2018: LAST WEEK AT NIGERIAN, NAIROBI, GHANA STOCK MARKETS.

NIGERIAN STOCK EXCHANGE:

55 DROPS, 21 GAINS

Last week at the Nigerian Stock Exchange, not less than 55 listed companies declined in price per share compared to 21 with gains thus pointing to somewhat bearish week.

In view of this, the All share index dropped by 233.16 points or 0.62% to close the week at 37,392.77 as against 37,625.59 the previous week.

The crowded decline scene was dominated relatively by marginal drops though while price gains were a bit higher.

The gainers were paced by Nestlé Nigeria which remained highest priced equity by closing at N1527 per share, up N27 from N1500 previously. All of that was recorded on Friday as it recorded 62 deals for 0.205m shares worth N299.579m.

II PLC trailed with N15.50 per share gain while closing at N180.50 compared to N165 previous week followed by Forte Oil up N2.55 per share at N28.90 per share and CAP Plc with N2 per share gain to N37.0 per share.

The leading price drop for the week was Total Nigeria's N10 per share as it closed Friday July 13, at N200 compared to N210 per share a week earlier.

In step, Beta Glass also declined by N9 per share to N81 per share as against N90 per share previously followed by Julius Berger from some distance with N2.50 per share decline to N27.0 per share and Presco which went down by N2 per share to close the week at N73.50 from N75.50 per share.

Traded volume for the week came to 1.218bn shares spread out fairly well through the five trading days although Monday had a low of 155.172m and Thursday recorded week high of 350.474m. It increased 3 times within the week.

Traded value however dropped 3 times and closed at N17.333bn with the high still being Thursday's N4.6bn.

Most active equities were Access bank in which 266.677m shares were offloaded for 2nd highest N2.738bn; Zenith bank with top 1548 deals for 139.939m shares worth top ranked N3.385bn and NAHCO with 128 deals involving 90.865m shares worth rather low N494.21m.

TOP 5 GAINERS
                                N
Nestlé Nigeria.   27.0 per share
II PLC.                  15.50.  
Forte Oil.                2.55
CAP plc.                 2.00
Dangote cement. 2.00

TOP 5 LOSERS :
                                N
Total Nigeria.      10.00 per share
Beta Glass             9.00
Julius Berger.        2.50
Presco.                   2.00
Flour mills.             1.70

TOP 5 VOLUME:
                                  Mshares
Access bank.         266.677
Zenith bank            138.939
NAHCO.                    90.865
Transcorp.                81.072
Sovereign Ins.          73.167

TOP 5 TRADED VALUE:
                             Nbn
Zenith bank      3.385
Access bank.   2.738
GTB.                  1.688
Dangote Cem.  1.243
Inter. Breweries 0.806

TOP 5 DEALS

Zenith bank.       1548
FBN Holdings     1165
GTB.                       912
Transcorp.            868
UBA.                      734

NAIROBI SECURITIES EXCHANGE:

INDEX, TRADE DOWN.


Last week at the Nairobi Securities Exchange, the All share index eased by 1.68 points or 0.97% to 171.27 by Friday close compared to 172.95 the previous Friday.

Much the same way, traded volume declined to 67.35m shares from 92.3m while traded value dipped to Ksh1.97bn compared to Ksh2.42bn previously.

For the last 3 days of the week, ASI trended down after growing briefly on Tuesday as follow up to Monday's decline.

Both Traded volume and value on the other hand, dropped in the last 2 trading days after week high of 17.256m shares volume and Ksh 525.57m value  on Wednesday.

Safaricom remained the major contributor to both volume and traded value with deals for 20.8m shares worth Ksh 600m or 34.43% of market total. The shares were sold at between Ksh 28.25 and 28.75 per share.

However, the banking sector as a group, accounted for Ksh 772m or 39.15% of the total traded value with KCB Group leading with deals for 8.1m shares worth Ksh 394m at between Ksh 46.50 and 47.75 per share.

The manufacturing and allied sector contributed Ksh 338m or 17.13% to traded value mainly as East African Breweries recorded deals for 1.5m shares worth N327m.

Other major sectoral contributions were Construction and Allied with Ksh 51.7m 2.62% on the back of ARM Cement deals for 8.4m shares worth Ksh 32.5m; and Insurance with Ksh 133m traded value or 6.79%.

The bulk of that was as Kenya Reinsurance, up 2.24% within the week, recorded deals worth Ksh 118m.

WPP Scan Group witnessed rare deals for 1.1m shares within the week worth Ksh 26.2m at between Ksh 16.05 and 16.50 per share to pace the Commercial sector's N26.3m traded value or 1.33% of market total.

TRADED VOLUME:

Friday 13/7/2018.        9,991,600
Thursday 12/7/2018.   12,222,400
Wednesday 11/7/2018 17,256,400
Tuesday 10/7/2018.      14,849,100
Monday.  9/7/2018.       13,033,300

TRADED VALUE: Ksh 

Friday.  13/7/2018.     199,965,688
Thursday, 12/7/2018  338,465,804
Wednesday 11/7/2018 525,572,972
Tuesday.      10/7/2018 514,819,771
Monday.       9/7/2018.  394,340,032

ALL SHARE INDEX:

Friday.         171.27
Thursday     171.86
Wednesday 172.23
Tuesday.      174.16
Monday        172.82

GHANA STOCK EXCHANGE:

At the Ghana Stock Exchange, last week was upwards for the Composite index all through except for Friday's decline.

The week started with an increase to 2926.16 from previous Friday's 2921.69 and the daily little points of gain continued until it peaked at 2958.14 on Thursday then dropped to 2946.2 on Friday.

And of course, because of the current size and depth of the relatively young market, the Friday reverse was purely as Ecobank Ghana recorded solo price change and downwards by GHc 0.25 per share while deals were struck for 1000 units at GHc 8.00 per share.

Thus, even with the Friday slide, the GCI closed the week up 24.51 points or 0.84% on previous week's close.

At 2946.2 though, it was still way below top 3489.45 recorded in April 2018.

Traded volume closed Friday at 125,084 shares, the lowest in the five trading days. This was after all week peak of 1.89m shares on Wednesday followed by Thursday's 414.860 shares and Monday's 263,373 before Tuesday's 207,550.

Friday's leading trade was in Ecobank Transnational in which 84,500 shares changed hands at firm GHc 0.22 per share.

It was followed by Standard Chartered Bank with deals for 25,010 shares at GHc 26 per share.

TRADED VOLUME:

Friday 13/7/2018.            125,084
Thursday.                           414,860
Wednesday.                     1,891,105
Tuesday.                             207,550
Monday.                              263,373

COMPOSITE INDEX:

Friday 13/7/2018.        2946.2
Thursday.                      2958.74
Wednesday.                  2903.77
Tuesday.                       2943.15
Monday.                        2926.16

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