JULY 23, 2018: INDEX UP ALL ROUND

On Monday July 23, 2018 the 3 stock markets reviewed daily by Henates All share index closed up.

NIGERIAN STOCK EXCHANGE:

FEW PRICE CHANGES BUT....

At the Nigerian Stock Exchange on Monday July 23, 2018 only 20 gains and 18 drops were recorded but the All Share index rose by 0.30 points to 36,711.96.

This was mainly as Dangote Cement once again paced price gains with N1.3 or 0.55% per share gain as 113 deals were struck for 2.391m shares worth day high N564.05m.

And it turned out to be the lone equity with above N1 per share gain. It closed Friday at N234.7 per share, and closed at N236 per share.

On the losers side too, only one was above N1 per share: Forte Oil declined by N2.7 or 9.68% per share accompanied with 123 deals for 0.942m worth N23.868m.

Dangote Cement was trailed amongst price gainers by Guaranty Trust Bank up N0.8 or 2.11% with 8.194m shares changing hands in 156 deals valued at 315.54m.

On the other hand,  down N0.25 per share each, Stanbic IBTC and University Press Plc followed in the footsteps of Forte Oil.

The number of deals for the day came to 3624 involving 226.27m shares worth N2.208bn; traded volume stood at 226.27m shares and traded value ended at N2.208bn.

Top trade was recorded in Medview Airlines as 100m of its shares were exchanged N214m in just 4 deals.

Transcorp plc followed with 16.146m shares in 180 deals worth N19.557m.

Zenith Bank recorded the highest number of deals showcasing 305 deals for 11.293m deals valued at N260.27m.

NAIROBI SECURITIES EXCHANGE:

BRITISH AMERICAN TOBACCO DRIVES ASI UP.

British American Tobacco, at the Nairobi Securities Exchange, on Friday almost singlehandedly drove the All share index by 0.06 points or 0.035% to 172.43.

BAT  had  touched day high of Ksh 660 per share but couldn't hope on to this and so slipped to close at Ksh 620 per share. At that price though, it was still up Ksh 20 per share on Friday's Ksh 600 per share.

The only other equity that contributed substantially to the ASI was Jubilee Holdings which ended the day N2 per share higher.

BAT also featured well in terms of trade as it recorded deals for 279,500 units worth Ksh 173m at Ksh 620 and 600 per share. This was more or less the bulk of the Ksh 175.7m the manufacturing and allied sector chipped into traded value within the day.

In the end total traded volume came to 10.649m shares which was an improvement on Friday's low. 

Safaricom recorded low trade leaving room for the banking and Manufacturing sectors to dominate volume and value.

Barclay's bank was the pace setter in terms of volume with deals for 3.293m shares worth N37.m followed by Mumias in which 2.1m shares changed hands and KCB Group as 1.736m shares were traded for leading Ksh 82.8m.

Traded value at the bond market was relatively low too as it closed at Ksh 887m.

GHANA STOCK EXCHANGE:

COMPOSITE INDEX UP TOO

The composite index at the Ghana Stock Exchange started the current trading week up by 0.44 points or 0.014% to 2941.21 from 2940.77.

This was as 2 equities closed with price changes at the close of the day. CAL Bank gained GHc 0.01 per share as it recorded deals for 89,800 shares were struck  at GHc 1.20 per share.

CAL had closed Friday at GHc 1.29 per share then it ended Monday, July 23 at GHc 1.29 per share.

Enterprise Group Ltd shed GHc 0.02 per share as day high 222,800 shares at GHc 3 per share. It had ended Friday at GHc 3.02 per share then dropped to GHc 3 on Monday.

In all, traded volume for the day was 332,648 shares with 3 other equities apart from the 2 with price changes.




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