OCT 18, 2018: RARE OFFLOAD AT NAIROBI BUT...

Of 3 stock markets monitored by Henates, the one at Nairobi recorded a surprising offload on October 18 2018 but at Nigerian, not so rare ones too.

NAIROBI SECURITIES EXCHANGE

At the Nairobi stock market, a rare 27.888m shares of Ken Kobil in the Energy and Petroleum sector at GHs 13.60 and 14.70 per share for Ksh 409.9m.

This singularly drove traded value of the sector to Ksh 414.9m or 48.30% of the day's Ksh858.748m recorded at the end of the day. Other major trades in the sector were Kenya Power and Lighting's deals for 367,600 shares and Ken Gen's 354,700 shares.

In the process, Kobil rose by Ksh 0.30 per share to join 20 price gainers that pressurised the All share index up 0.03 points to 144.73 against the pull of 18 price drops.

The Kobil offload pushed traded volume to 45.789m shares from the 14.003m recorded on Wednesday although number of deals struck dropped to 1157 from 1198.

Crown Paints paced price gainers with Ksh 5.50 per share increase as it hit day high of Ksh 86 per share, low of Ksh 79 to close at Ksh 84.50 per share, compared to Ksh 79 per share on Wednesday.

Other major price gains were KCB's Ksh 5 per share rise; Williamson Tea and Diamond Trust Bank's Ksh 3 per share each. Noteworthy, too was that Safaricom this time, declined by Ksh 0.25 per share and so, could not stop the ASI from rallying.

BOC Kenya recorded the day's top decline of Ksh 3.50 per share as it found and closed at Ksh 78 per share compared to Ksh 81.50 recorded on Wednesday.

On its trail were Kapchorua Tea and Bamburi Cement down Ksh 3 per share each and Ksh 1 per share decline by Kenya Reinsurance, and East African Breweries.

Trade was low in number of equities with traded volume within the day but Safaricom and Equity Group recorded above 1m shares volume in spite of it all.

Safaricom witnessed deals for 12.332m shares worth Ksh 291m at Ksh 23 and 24.25 per share while Equity Group, up Ksh 0.50 per share, closed with deals for 3.075m units worth Ksh 112.3m at between Ksh 36 and 38.50 per share.

NIGERIAN STOCK EXCHANGE:

At the Nigerian Stock Exchange, Thursday was a continuation of offloads daily since Tuesday but the exceptional aspect of the day was Dangote Cement's about turn once again that pushed the All share index up 0.70% to 32,664.63.

There was an offload of 54.811m shares in Guaranty Trust Bank, down N0.2 per share, in 164 deals worth day high N2.017bn. 

Zenith Bank also recorded leading 240 deals involving 37.165m shares worth N842.998m as it closed up N0.1 or 0.45% per share.

In the end, traded volume eased to 173.625m shares from Wednesday's 240.764m shares but number of deals dropped to 2565 from 2974 and traded value closed at N3.76bn as against N3.659bn.

Dangote Cement gained N6 or 3% per share as it closed at N206 per share after hitting day high of N213 compared to N200 per share as against N5 per share drop on Wednesday.

This was the lone price rise above N1 per share as it was trailed by Nigerian Breweries, up N0.4 of 0.46% per share while recording 131 deals for 1.734m shares worth N154.350m.

NASCON Industries did a similar lone ranging too by ending the day N1.4 per share or 7.04% down while recording 15 deals for 0.188m shares worth N3.493m.

GHANA STOCK EXCHANGE

Down today, up the next day, has been discernible with Ghana Composite Index so far this week as it closed Thursday at 2975.28, down on Wednesday's 2997.90 which itself marked a rise on Tuesday ASI.

Once again, the price losers were far more than gainers although MTN Ghana, this time, closing firm without a price change.

The lone price gain recorded was SIC Insurance's GHs 0.02 per share as 34,500 of its shares were traded at GHs 0.15 per share compared to Wednesday's GHs 0.15 per share although bid price closed at GHs 0.12 per share.

There were 5 price drops lead by Access Bank down GHs 0.50 per share as 98,000 of its shares changed hands at GHs 3.10 per share as against GHs 3.60 on Wednesday.

Ghana Oil's GHs 0.12 per share decline to GHs 3.20 per share as 2900 shares were traded compared to GHs3.32 per share on Wednesday, October 17, 2018.

For Ecobank Ghana, closing up GHs 0.03 per share was smooth too as just 100 units were exchanged at GHs 7.95 per share as against GHs 7.98 per share previously.

The same for SIC Insurance's GHs 0.02 per share decline as its 34,500 shares were traded at GHs 0.15 per share although bid price closed at GHs 0.12 per share.

CAL Bank closed the day down GHs 0.01 per share with 700 shares traded at GHs 1.13 per share.

But MTN did record GHs 0.01 per share drop to record deals for 66,300 shares at GHs 0.89 per share but it bounced back to close firm at GHs 0.90 per share.

Traded volume rose to 314,350 shares, from Wednesday's 164,922 with Ghana Commercial Bank pacing with deals for 100,000 units at GHs 5.35 per share although bid price at GHs 4.85 per share by close hinted at future price drop.

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