JULY 25, 2018: EXCEPTION CALLED NAIROBI SECURITIES EXCHANGE

On Wednesday July 25 2018, the Composite Index at the Nairobi Securities Exchange closed exceptionally from the direction of the All share indices at Nigerian and Ghana Stock exchanges.

While the GCI and Nigerian ASI closed down, Nairobi ASI ended up.

NAIROBI SECURITIES EXCHANGE:

ASI UP 0.49%

At the Nairobi Stock  on July 25, the All share index rose by 0.85 points or 0.49% to 173.23 as 19 price gains and 10 deops were recorded.

 The  leading gainer was Kapchorua Tea price per share increased by Ksh 4.50 followed by Diamond Trust Bank up Ksh 3 per share and the duo of I & M Holdings and East African Breweries with Ksh 2 per share gain each.

Kapchorua Tea had an easy run as it found and closed at Ksh 75.50 per share as against Ksh 71 per share on Tuesday.

Other major price gain was Ksh 1 per share rise by Standard Chartered Bank and, in view of its impact on the ASI, Safaricom's top up by Ksh 0.25 per share.

On the other hand. price drops were paced by Total Kenya with Ksh 1.75 per share decline followed by Nation Media's Ksh 1 per share decline.

Total Kenya hit day high of Ksh 31 per share and low of Ksh 30 per share where it closed the day compared to Ksh 31.75 per share previously.

All 3 trading indicators closed up too with traded volume closing at 14.9m shares from 10.194m previously; traded value ending at Ksh 453.357m compared to Ksh 349.4m and number of deals came to 1132 from 1034 a day earlier.

With deals for 5.932m shares worth Ksh 171m at between Ksh 28.50 and 29 per share, Safaricom paced the day's trade.

However, the banking sector contributed Ksh 183m to traded value or 40.48% of the market total but only Equity Group of the lot in the sector recorded deals for above 1m shares.

A total of its 2.229m of its shares were traded for Ksh 111m.

Kenya Power and Lighting also crossed the 1m mark in terms of volume as it recorded deals for 1.446m shares worth Ksh 9.1m.

At the bond market traded value eased from Tuesday's Ksh3.5bn which represented strong recovery to Ksh 2.4bn.

NIGERIAN STOCK EXCHANGE:

ALL SHARE INDEX DOWN

For the 2nd day at the Nigerian Stock Exchange, the All share index closed down after Monday's hopeful rally 

It dropped by 0.30% to 36,346.80 as price losers outpaced gainers not only in units but also in margin of price change.

In all there there were 29 price drops and 14 pains with about 4 drops above or at par with N1 per share while only Beta Glass ended with above N1 per share gain.

Beta Glass' solo gain was N5.1 or 7% per share as it witnessed 12 deals involving 0.187m shares valued at N14.554m. It simply found and closed at N78 per share compared to N72.9 per share previously.

Forte Oil paced the price drops with N2.1 or 8.33% per share decline accompanied with 91 deals struck for 0.621m units worth N14.557m.

It was followed by La Farge Africa with N1.75 or 5.98% decrease while recording 171 deals through which 3.389m shares were exchanged for N92.39m and the pair of Dangote Sugar and Flour Mills with N1 per share decline each.

Sterling bank found its old investors interest as top of the day 753 deals were sealed for 6.526m of its shares worth N9.043m while topping up with N0.02 per share.

This helped to sustain  number of deals at. 4327 compared to 4551 on Tuesday despite decline in traded volume to 329.698m shares from 378.648m shares.

FBN Holdings topped both traded volume and value as it recorded 269 deals for 88.103m offload worth leading N820.039m. In the process, FBN gained N0.2 per share.

GHANA STOCK EXCHANGE:

BEARISH, SORT OF.

The Ghana Stock Exchange clearly was relatively more bearish on Wednesday, July 25 2018 as all the 5 price changes recorded were drops.

It was a clear case of marginal drops however, as the trio of CAL Bank, Republic Bank and SIC Insurance went  down with GHs 0.02 per share each.

CAL Bank recorded deals for 2400 shares at GHs 1.27 per share closing at the same price compared to GHs 1.29 per share on Tuesday.

However, more deals could not be struck as closing offer price aimed at previous GHs 1.29 per share while interest was expressed at GHs 1.27 per share.

Republic Bank on its part, recorded deals for 500 units at GHs 1.48 per share, down GHs 0.03 per share. It closed on offer though with no more takers at the same price.

SIC, on the other hand, eased by GHs 0.02 per share while witnessing the exchange of only 100 units at GHs 0.35 per share compared to GHs 0.37 per share the previous trading day.

Top decline for the day was Fan Milk ltd, down GHs 0.03 per share while deals for 7200 of its shares were traded at GHs 13.75 per share.

Top traded volume was witnessed in Starwin Products ltd in which dominant 541,700 shares were sold at GHs 0.01 per share without losing or gaining any inch. It also closed on offer at the same price but no immediate takers.

Ecobank Transnational Incorporated also gave good account as it recorded deals for 88,100 shares at GHs 0.22 per share firm price.

The same with Produce Buying company which recorded deals for 27,800 shares at GHs 0.04 per share.

In all traded volume rose to 719.197m shares  from 508,029 shares 


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