NOV 27, 2018: MORE TRICKLES AT GHANA STOCK EXCHANGE

At the Ghana Stock exchange on Tuesday November 27, the number of companies that closed with deals came to 7, up strongly on the 3 on Monday but, even then, trade ended in smaller showers or trickles.

In all 13,457 shares were traded compared to equally low 30,554 on Monday ( updated our 29,920 shares in previous review).

In addition, the Ghana Composite index resumed downwards as it closed at 2666.81 from Monday's 2667.33 which was a rally on previous daily decline.

The decline was that marginal because the decline by Enterprise Group Ltd was too weighty for the price increases recorded by the pair of Standard Chartered Bank and UNIL.

EGL recorded exchange of 1600 shares at GHs 2.5 per share buy closed the day at GHs 2.53, down GHs 0.05 on the GHs 2.58 per share on Monday. Offer price though still remained at the opening price of GHs 2.58 with no matching bid for more deals.

SCB ended the day up GHs 0.02 per share as it closed at last deal price of GHs 20.2 per share while recording exchange of 850 shares compared to GHs 2018 per share on Monday. It may rise further if offer price increase to 23.2 per share by close of day, gets matching bid.

UNIL, on the other hand, finally crossed the GHs 17.76 per share it had been for a long while to record a deal for 100 units at GHs 17.77 per share, up GHs 0.01 per share.

Top trade for the day was Starwin Products' 5000 shares traded while it closed firm at GHs 0.02 per share.

All others witnessed below 1000 units except MTN Ghana in which 4200 shares were traded at firm GHs 0.82 per share.

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