JULY 19, 2018: INDEX: GHANA, NAIROBI UP, NIGERIAN DOWN

NIGERIAN STOCK EXCHANGE:

GTB LEADS GAINS; DOMINATES VALUE.

Guaranty Trust Bank on Thursday July 19, 2018 ended up being the most visible equity as it paced 18 price gains and dominated traded value at the Nigerian Stock Exchange.

Its leading 78.36m offload was just 26.4% of the traded volume of 296.591m shares recorded for the day but it was valued at N2.977bn, about 61.2% of total market N4.862bn traded value.

In the process it also led price gains with N1.45 or 3.97% per share increase as it closed at day high of N38 per share after opening at previous day's N36.51 and after hitting day low of N37.65 per share.

In terms of traded volume, GTB was followed by Medview Airlines in which rare 50m shares were exchanged in just 3 deals for N102.245m while closing down N0.06 per share.

In terms of value, Zenith bank trailed from quite a distance with N608.966m exchanged for 3rd highest 26.391m shares in 2nd ranked 421 deals.

But talking of price changes during the day's business, Nestle Nigeria was well on solo speed downwards as it lost leading N84.7 or 5.55% per share.

For Nestle, this was a simple matter because it simply found and closed at N1442.3 per share after opening the day at previous day's N1527 per share. 

A total of 3 other equities also closed down by N1: Nigerian Breweries recorded N2.4 or   2.22 % per share; International Breweries followed with N1.8 or 4.39% decline.

GHANA STOCK EXCHANGE:

REVERSES IN TWO DAYS

On Wednesday, the Ghana Composite Index dropped by 0.46% to 2933.09 but on Thursday, it reversed this mood by rising 0.29% to 2942.14.

The Wednesday decline was as 3 equities closed down.CAL Bank, showcasing deals for 23,400 units at GHc 1.20 per share, shed GHc 0.01 per share; Enterprise Group lost GHc 0.24 per share as it recorded deals for 400 units at GHc 8.01 per share and SIC insurance dropped by GHc 0.01 per share while 1100 of its shares changed hands at GHc 0.37 per share.

Come Thursday, July 19, the composite index closed up as Ecobank Ghana and Enterprise Group recorded price gains.

Ecobank rosé by GHc 0.16 per share while witnessing deals for 400 units at GHc 8.01 although both bid and offer prices shifted further apart at close.

Bid price for EGH closed at GHc 8.00 per share while offer price climbed to GHc 8.50 per share.

On the other hand, EGL this time gained GHc 0.01 per share after 1100 of its shares were exchanged at GHc 3.02 per share then mismatch of bid and offer prices led to no more deals. It closed GHc 3.00 per share on bid and GHc 3.02 on offer.

Traded volume had dropped to 63,502 shares on Wednesday  from Tuesday's 494,177 units but rose to 110,518 shares on Thursday, July 19.

Lead trade was in Ghana Oil Company as 55,200 of its shares were sold at GHc 4 per share without a change from Wednesday's price.

CAL Bank followed with deals for 36,600 shares at firm GHc 1.20 per share.

Other major trades on Thursday were Ecobank Transnational's 10,400 units at stable GHc 0.22 per share and Ghana Commercial Bank's 3,500 at GHc 5.01 per share.

NAIROBI SECURITIES EXCHANGE:


INDEX UP 0.56%

For the 3rd day running, the All share index closed up by 0.56% or 0.97 points to 174.11 at the Nairobi Securities Exchange.

The previous day it risen by 0.92 points after a major 1.16 points top up on Tuesday, July 17, 2018.

This was as 18 price gains were recorded including Safaricom compared to 15 drops. However, it was not just a case of more price increases, margins of gain were higher too.

The price gainers were paced by East African Breweries which topped up  by Ksh 6 or 2.84% per share followed by Nation Media with Ksh 5.50 or 6.40% per share gain.

Other prime price gains were Ksh 1 per share top up by Williamson Tea and NIC Group and Eaagads ltd's Ksh 0.95 or 4.99% rise.

On the other hand, Crown Paints recorded the day's highest decline by shedding Ksh 5 or 8.93% per share followed by Ksh 1 per share decline by Jubilee Holdings.

Traded volume for the day came to 16.425m shares, up on Wednesday's 12.095m units and traded value followed upwards at Ksh 427.76m compared to Ksh 332.89m previously.

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