HENATES

After 3 days of consistent decline, Ghana Composite Index rallied at the Ghana Stock Exchange on Wednesday January 30, 2019. The decline had started on Friday January 25, continued last Monday then on Tuesday barely stayed on course with very slight rise from 2496.71 to 2496.91. This was as SIC Insurance closed down GHs 0.01 per share as the lone price change for the day. On Wednesday, the story was different. There were 4 price changes and 2 each were up and down leading to the GCI rally to 2498.24. Leading price change was GHs 0.16 per share by Total Ghana in which 300 shares were exchanged at GHs 3.2 per share compared GHs 3.04 on Tuesday. Societe Generale gained GHs 0.01 per share as last deal was recorded at GHs 0.94 per share while 2400 shares were being traded as against GHs 0.93 previously  Of the 2 price drops, Standard Chartered Bank went down with GHs 0.15 per share while closing at last deal price of GHs0.85 per share as against GHs 1 per share on Tuesday. In all, 3200 of i...

The banking sector of Nairobi Securities Exchange closed bullish sort of on Wednesday January 30 2019 as of the 12 equities listed there, 9 recorded price changes and only 1 was downwards. The lone ranger was Barclay's Bank down Ksh 0.05 per share out of step with 8 price gains in the sector. Topping the banking gainers chart was Diamond Bank up Ksh 4.50 per share. It was followed by  Standard Chartered Bank with Ksh 2 per share rise and I& M Holdings up Ksh 1.25 per share. The rest 5 closed with below Ksh 1 per share gain. No bank paced full market gains though which covered 22 equities as against 14 price losers. The gainers pace was set by BOC Kenya up Ksh 7.25 per share and Jubilee Holdings with Ksh 5 per share as it closed at Ksh 430 compared to Ksh 425 per share on Tuesday. Diamond Trust Bank was thus close on their  trail but other major price gainers were Car & General and Williamson Tea up Ksh 2.50 per share each and East African Breweries with Ksh 1.50 per share r...

On Tuesday, when 30.150m shares of Sterling Bank, up N0.06 per share, was traded at the Nigerian Stock Market for N66.156m, only 165 deals were recorded thus hinting as easing of almost traditional investors interest in the equity. The following day, Wednesday January 30 2019, this proved to be hasty deduction. Sterling Bank, up N0.05 per share, recorded exchange of 32.297m shares for N75.546m involving, wait for it, 988 deals. This was the day's market pace setter in terms of deals struck by a very long distance as Access Bank trailed with 300 deals for 36.186m shares worth N218.053m while going down N0.05 per share  The Sterling Bank top number of deals helped push total deals struck for the day to 4018 compared to 3773 deals on Tuesday and just a little short of Monday's celebrated 4150 deals. In all on Wednesday 249.537m shares were traded for N3.122bn  as against 359.511m shares worth N1.912bn the previous day. Lead volume and traded value was in Zenith Bank, up N0.05 per ...

Five fund managers in Nigeria have sort and got official approval to cease operating as fund managers. According to a notice dated Tuesday, January 29, 2019 from the Securities & Exchange Commission, the companies voluntarily asked the its approval to discontinue find management and the approval has been given. They are HFC Capital Partners Ltd, Attai Capital Ltd; Serengeti Capital ltd, Indigo Investment management ltd, Verit Investment advisory ltd and Waxco Investment & Pension management ltd. SEC Nigeria thus advised the investing public to deal with any of them or their as fund managers. Any one who does  be doing so at his own risk, SEC added. The commission also took the opportunity to assure investors that it remains committed to the protection of their interest in the Nigerian capital market.

On the 2nd trading day this week Tuesday January 29, 2019 at the Nigerian Stock Exchange, the All share index closed down once again after the rather superlative leaps of the previous week. The ASI eased by 0.53% to 31,378.71 from 31,344.24 it had dropped into by 0.26% on Monday. Interestingly, the number of price drops stayed at 30 and price gains rose to 14 from previous day's 10 but the ASI went down twice as fast. With good reason. Of the 14 price gains , none was up to N1 per share while at least Nigerian Breweries did just that amongst the crowded price losers corner. NB found and closed at N78 per share, down N1.9 or 2.38% on the N79.9 per share with which it closed Monday. Three banks then followed. Zenith Bank went down N0.5 or 2.13% as it recorded day high 377 deals for out of top 5 14.894m shares worth 2nd highest N343.258m. Guaranty Trust Bank eased by N0.45 or 1.31% per share as 302 deals for just 7.087m shares were sealed for N241.713m while Access Bank, with merger w...

For the second trading day on Monday January 28, 2018, the Composite Index of the Ghana Stock Exchange closed down this time more dramatically. On Friday January 25, the GCI had dropped by about 4 points to 1511.84 as 5 price drops and only 1 gain was recorded. On Monday however, 2 price decreases and 1 gain depressed the GCI by about 15 points to 2496.91. CAL Bank was the lone price gainer. A total of its 47,600 shsres were traded and it closed at the last deal price of GHs 0.9 per share, up GHs 0.03 on Friday's GHs 0.87 per share. On the other hand, MTN Ghana, one of the market's heavyweights by market capitalisation, closed down GHs 0.01 per share as it closed at deal price of GHs 0.75 per share. This was the same deal price on Friday but it then formed at GHs 0.76 per share. The second price decline was recorded by Standard Chartered Bank down GHs 0.34 per share as it closed at GHs 21.09 compared to GHs 21.43 per share previously. However, the last deal price as its 6060 un...

On Monday January 28 2018, the All share index at the Nairobi Securities Exchange once again closed up but this time around there was a hanging question: How? The ASI closed up by 0.72 points to 147.20 after Friday's relatively very strong rally but this Kenyan Shillings margin of drops were higher and more equities also went down. There were 19 price drops and 16 gains with East African Breweries being the only one with above Ksh 1 per share gain.  After hitting its day high of Ksh 200 per share EAB closed at Ksh 198.50 after a low of Ksh 190 per share. It thus gained Ksh 11.75  per share when compared to Ksh 185.50 on Friday. Apparently it was on the back of this that the marginal gain for the ASI occurred. If not downwards, the pace was set by Diamond Trust Bank with Ksh 4 per share decline as it found and closed at Ksh 146 per share compared to Ksh 150 on Friday. It had some major company. Stanbic Holdings trailed with Ksh 2 per share decline, followed by East African Portland ...

Unlike Friday January 25 when the Nigerian Stock Exchange closed up strongly on expectations, on Monday January 28 2019, it closed down in bearish outlook but not to worry, investors scrambled for shares. In all 222.587m shares were traded for N1.843bn compared to 417.172m shares on Friday valued at N3.144bn but number of deals struck increased out of tune with these indicators. Compared to 3970 deals on Friday, 4150 deals were struck on Monday despite the almost half number of shares traded and also far lower traded value. Except for Transcorp, most of the scrambles were for bank shares with Zenith Bank pacing with 442 deals for outside top 5 by volume 17.568m shares valued at N399.307m. In the process, Zenith closed up by N0.45 or 1.96% per share. Guaranty Trust Bank too did not feature amongst the top 5 by volume but it recorded 2nd ranked 347 deals for 14.281m shares worth day high N487.924m while closing down N0.25 per share. Other major scrambles were for Access Bank shares in wh...

After rising twice and declining twice in the first 4 days of the trading week, the Ghana Composite Index closed the week to Friday January 25,  down  It dropped to 2511.84 on Friday and this also represented a significant drop on precious week's closing 2556.28. The week's major tumble had occurred on Thursday before the GCI hit all week low on Thursday. The Friday rally was as 1 price gain and 5 drops were recorded with traded volume recovering to 230,852 shares from Thursday's 226,279. The lone price gainer was Ecobank Ghana in which 3500 shares were exchanged. The last deal struck was at GHs 7.2 per share but ECG went on to close at GHs 7.21 pee share, up GHs 0.21 on previous day's GHs 7 per share. Total Ghana led decline with GHs 0.36 per share drop after 17,200 shares were traded. The last deal had been at GHs 3 per share but Total closed at GHs 3.04 per share compared to GHs 3.4 previously. At the end of the day though bid and offer prices closed at GHs 3 and 3.4...

The rare trade in British American Tobacco recorded on Thursday at the Nairobi stock market has turned out to be a shot in the arm of traded value for the full week. According to figures obtained from the Nairobi Securities Exchange compared to previous week when 132m shares were traded for Ksh 3.5bn, in the week to Friday, January 25, only 88m shsres were traded for Ksh 3.3bn. Friday trade had recovered to 25.670m shares compared to 13.127m on Thursday but traded value was Ksh 756.156m far less than the Ksh 1.147bn recorded previously.. After closing firm strangely on Wednesday, the All share index had risen by just 0.06 points on Thursday and then by 1.18 points on Friday to finally close the week at 146.48. This represents 1.21 points up on previous week's closing level. The Friday leap was in spite of almost equal number of price gains (17) and drops (16). The gainers were led by East African Breweries which ended up by shopping Ksh 13.50 per share. EAB hit its day high of Ksh ...

Perceptions at the Nigerian Stock Exchange on Friday January 25, 2019 were essentially bullish as of the 39 price gains recorded, only 7 were downwards. That was apart from about 11 other equities that closed with gains so marginal that they did not count in the day's official list of gainers and losers  In view of the dominant price gains recorded, the All share index jumped by 1.41% or handsome 437.03 points to 31,426.63 putting recent downswings below 30,000 very well behind. One good reason was that all the price drops recorded were not only few, but of the cautious kind because none was above N1 per share. Top decline was N0.55 or 4.64% per share by PZ Cussons as it recorded 36 deals for 0.289m shares worth N3.308m. In contrast, both Total Nigeria and Dangote Cement closed up well above N1 per share. Total Nigeria leaped by N19.5 or 10% per share as it found and closed at N214.5 per share compared to N195 on Thursday but while witnessing only 12 deals involving 0.014m shares v...

For the 2nd time this week, the Ghana Stock exchange closed on a positive note on Thursday. January 24 2019 as the composite index rallied to 2515.70 from 2502.33. The first time was on Monday at the start of the week when the GCI closed at 2557.62, just barely ahead of 2556.28 recorded on Friday. From here it took a major dive on Tuesday to 2510.38 then shed some more points the following day, Wednesday to 2502.33. The Thursday rally occurred as 2 price gains and 1 drop was recorded. The lone decline was by Republic Bank down GHs 0.02 per share to close at GHs 0.7 as against GHs 0.72 per share previously. Interestingly, that was after RP hit a new low with last deal price of GHs 0.69 per share while 9700 of its shares were exchanged. In the end, bid price slipped further to GHs 0.65 per share while offer price recovered to GHs 0.72 per share. The price gainers were paced by Benso Oil and Palm Plantation, up GHs 0.64 per share as it closed at the deal price for 100 shares traded at GHs...

The coast was virtually clear for Dangote Cement to pull its weight at the Nigerian Stock Exchange as it led price gains in a solo run amidst lower Naira margin of drops as well. The All share index closed up 0.36% to 30,989.60  mainly as DangCem paced 27 price gains against 20 price drops led by  Cement Company of Northern Nigeria (CCNN). DangCem was the only gainer with above N1 per share lift. While closing at N192 per share compared to N190 per share on Wednesday, it rose N2 or 1.05% per share as it witnessed 41 deals for 0.324m shares valued at N61.870m. Closest to it was Guaranty Trust Bank which rose by N0.6 or 1.82% per share while 12.263m of its shares were exchanged in 246 deals worth  N411.458m. CCNN too led price drops with a solo N1 or 4% per share decline to N25 per share on Wednesday to N24 while 47 deals were struck for 0.787m shares valued at N18.772m. Union Bank of Nigeria ended at 2nd place amongst top 5 drops with N0.6 or 8.89% per share decline amidst 32 deals that...

British American Tobacco traded in a rare way at Nairobi Securities Exchange on Thursday January 24, 2019 but only succeeded in impacting very well on traded value. The day's traded value came to Ksh 1.167bn from exchange of 13.727m shares compared to just N215.209m for Ksh 7.517m. In other words, traded value rose by more than 5 times while volume did not even double. Reason? BAT recorded rare offload of 1.211m shares and being a high valued equity, this fetched Ksh 792m or 67.88% of the day's traded value. Yet BAT had tumbled by Ksh 22 per share as it hit day high of Ksh 649 per share and low of Ksh 610 before closing at Ksh 648 per share compared to Ksh 670 previously. Though quite a tumble, it could not drag the All share index down even with Safaricom's own Ksh 0.05 per share decline, because there were only 10 price drops as against 24 gains.  Besides, BAT was more or less on a solo run as closest on its trail was TPS Eastern with Ksh 1 per share drop. Whereas, price ...

Two banks closed up at Ghana Stock exchange on Wednesday January 23, 2019 but they could not stop the Ghana Composite Index from going down. The GCI closed the day down 8.05 points to 2502.33 not comparable though to the dive to 2510.38 on Tuesday from 2557.62. The Wednesday decline was essentially because 3 non bank equities closed downwards and ended up driving the GCI down. Lead drop was by Ghana Oil with GHs 0.02 per share decline, exactly the same figure it lost on Tuesday. It witnessed deals for 300 units at GHs 3.03 per share compared to GHs 3.05 on Tuesday close. Besides, offer price dipped further to GHs 3 per share with no takers. All 2 other price drops were GHs 0.01 per share each. MTN Ghana eased once again hitting yet another low at GHs 0.76 per share from Tuesday's GHs 0.77 per share. Trade was in 53,500 shares of MTN with last deal at the closing price but further drop looked  possible as bid price slipped further to GHs 0.75 per share. SIC Insurance recorded top vo...

It was a day of cautious pricing alright but it was the day of the banks at the Nigerian Stock Exchange Wednesday January 23 2019 in terms of both price gains and trade. Sure, no equity closed up or down by up to N1 per share through the day but the banks dominated top 5 by both price gains and traded volume. In effect they were instrumental in raising the All share index up by 0.46% to 30,878.56 well ahead of Tuesday's rather marginal 0.01% rise to 30,736.88. Leading the price gainers was Guaranty Trust Bank up N0.9 or 2.80% per share as it closed at N33 per share compared to N32.1 per share on Tuesday. This was as it witnessed 229 deals through which 11.452m shares were exchanged for N372.751m. Others in the top 5 league of price gainers were Stanbic IBTC up N0.5 or 1.06% per share in 27 deals for 3.404m shares worth N161.70; Fidelity Bank and Zenith Bank with N0.2 per share increase each and FBN Holdings up N0.1 or 1.37% per share. The banks dominated traded volume as well altho...

For the first time since Henates monitoring of the market, the All share index at Nairobi Securities Exchange on Wednesday, January 23, 2019 closed firm at 145.24 clocked on Tuesday. It had gone down 0.48 points on Tuesday as 28 price drops and 15 gains were recorded. On Wednesday, the ratio between the 2 was almost the same as 25 drops and 15 gains were recorded but the ASI closed firm. Agreed, price change margins were not as high as Tuesday's. Indeed, on Wednesday, no equity went down by up to Ksh 0.50 per share while 5 closed up Ksh 1 per share and above. Top gain was Williamson Tea's Ksh 3 per share rise as it found and closed at Ksh 147 per share from Tuesday's Ksh 144. It was followed by East African Breweries, up Ksh 1.50 per share; Car & General up Ksh 1.25 per share ; Standard Group with Ksh 1.10 per share increase and Standard Chartered Bank up Ksh 1 per share. Interestingly, leading decline was Sasini's Ksh 0.31 per share as it closed at Ksh 19.45 after ...

The Ghana Composite Index tumbled by 1.85% or 47.24 points on Tuesday January 22, as 5 price drops and 2 gains were recorded. It was indeed the highest % change in the GCI for a long while and contributes significantly to the 2.40% drop in the index since the beginning of this year. The GCI closed at 2510.38 compared to 2557.62 on Monday which was a marginal increase due to higher impact of price change in Societe Generale compared to same GHs drop by Ghana Oil. Leading decline on Tuesday was Ecobank Ghana down GHs 0.97 per share as it closed at last deal price of GHs 6.5 per share compared to GHs 7.47 previously. A total of 12,700 of its shares were traded and bid and offer price mismatch ended the day as offer rallied back to GHs 7.47 per share. CAL Bank too went down but by GHs 0.14 per share as its 11,600 units were traded at GHs 0.85 per share, as against GHs 0.99  previously. Again, just like for EGH, offer price reverted to the old price leading to no new deals by end of day. Gh...

After pacing the Nigerian Stock Market down on Monday with a leading price decline, Seplat Petroleum on Tuesday January 22, reversed to lead a rally that saw the All share index marginally up 0.01% to 30,736.88. It was more or less a solo run for Seplat as it was the only equity with above N1 per share gain at the end of the day. It rose by N10 or 1.89% per share to close at N540 per share. It was a case of continuous rise from Monday's N530 to N535 per share before the day high close as 60 deals were struck for b0.359m shares worth N193.750m. Next to it on the gainers chart in Naira terms was Redstar Express and Guaranty Trust Bank N0.4 per share top up each. For Redstar, the gain was 9.09% and occurred as 11 deals were sealed for 0.255m shares valued at N1.220m. On the other hand, for GTB it amounted to only 1.26% growth while 26.567m of its shares were exchanged in 226 deals worth day high N847.788m. In contrast, there 3 N1 and above price drops led by Presco down N2 or 3.23% pe...

Below is the link to a 2 page interview of Henry Atenaga, otherwise known as Henates by Nigeria's New Telegraph newspaper as reproduced in our sister publication www.henates.com https://www.henates.com/2019/01/sluggish-economy-impacts-banks-profits/

The upbeat at the Nairobi stock market continued on Monday January 21 2019 with the All share index closing up 0.37 points to 145.64 even though there were equal number of price losers and gainers. What was obvious of course was that there higher margin of gains although Safaricom was part of the price losers  Leading the price gains was Jubilee Holdings in the Insurance sector with Ksh 4.25 per share top up as it closed at Ksh 435.25 after hitting day high of Ksh 435 and low of Ksh 425 compared to Ksh 430 per share on Friday. It was trailed by Williamson Tea up Ksh 2.75 per share; KCB Group with Ksh 1.90 per share increase and Car & General which ended up by Ksh 1.45 per share. In contrast, only Nation Media declined by above Ksh 1 per share. It hit day high of Ksh 63 per share, then a low of Ksh 59 before closing at Ksh 60 compared to Ksh 62.75 per share on Friday. Closest to it were Ksh 0.50 per share drops by the pair of Standard Chartered Bank and Nairobi Securities Exchange i...

At the Ghana Stock Exchange on Monday January 21, 2019 there were only 2 price changes one each up and down with equal Cedis  lost or gained but different impact. Both Ghana Oil Company and Societe Generale recorded GHs 0.03 per share price changes down and up respectively but Composite Index ended up at 2557.62 compared to 2556.28 on Friday. Of course this was direct reflection of their relative weights in the index valuation basket which though embraces all equities, as usual attaches weights relative to market capitalisation. Of the 2, Societe, according to figures obtained from the exchange website, has far more issued capital hence its greater impact on the GCI. Societe closed up GHs 0.03 at GHs 0.88 per share as deals were struck for 2000 of its shares with the last also at the price compared to GHs 0.85 per share on Friday. At the close of day though, offer price rose some more to GHs 0.9 per share to mismatch with same GHs 0.88 on bid. Ghana Oil on the other hand recorded deals...

Once again, after a couple of days of strong recovery, the Nigerian Stock Exchange closed Monday, January 21 downwards . The All share index dropped by 0.88% to 30,732.72 after closing Friday and last week with a sound lift. This time around, margins of gain were not only lower, they were recorded by equities with low market capitalisation while sharp drops were recorded by some equities with top market cap. For example, the price decline was led by Seplat Petroleum with N46 or 7.99% per share as its shares were traded between N530.1 and 530 per share compared to N576 per share on Friday. Seplat ended up with 23 deals for 0.030m shares worth N16.429m. 11 Plc also recorded N8 or 4.20% per share drop as it witnessed 20 deals involving 0.088m shares valued at N15.944m. The 3rd leg of the day's major pressures on ASI downwards was Dangote Cement's N4.9 or 2.51% decline in 24 deals for shares worth N8.339m. All other price drops were below N1 per share but even that was different fr...

The Composite  Index  at the Ghana  Stock Exchange closed down the second day on Friday January 18 2019 as 6 price  drops and 2 gains were recorded.  The GCI had reversed direction  on Thursday  by dropping  to 2564.66 from Wednesday 's 2575.99 which was itself the week peak after 3 days  upwards.  Top of the Friday price drops was GHs 0.75 per share by Benso Oil Palm as it hit a new  low of GHs 4.25 per share, compared  to GHs 5 per share  previously. Offer price however,  rose to GHs 4.95 per share  at the end of the day but the last deal for its 400 traded remained GHs 4.25 per share.  Access Bank  also had a major  price drop of sorts as it recorded  last deal and closed at GHs 3.02 per share down GHs 0.45 on Thursday 's 3.47 per share. Bid price even declined  further  to GHs 3 per share but no takers. In the end,  only 5000 shares of Access were traded.  Ecobank Ghana also hit a new low of GHs 7.47 per share at which last deal  out of the leading 135,600 shares were trade...

The All share index at the Nigerian  Stock  Exchange closed up rather strongly on Friday January  18, 2019 on the back of strong  gains by Nestle Nigeria  and,  to a lesser extent,  Dangote Cement amidst predominantly  low margin price drops.  The ASI finally crossed  back in 31 range at 31,005.17, up 1.38%  thus confirming the daily increase in recent days.  Nestle led gainers  with N48.9 or 4.9% leap as it found  and closed at N1450 per share as against N1401.1 on Thursday.  This was while recording  36 deals for 0.106m of its shares worth N154.561m. Other major  price  gains  were N4.9 or 2.58% per share  by DangCem as it witnessed  54 deals for  0 478m shares worth N91.497m,  N2.25 or 2.86% per share  rise by Nigerian Breweries amidst 70 deals covering 0.372m shares valued at N29.385m and Cement  Company Of  Northern  Nigeria's N2.1 or 9.13% per share  increase while recording  exchange  of 0.276m shares in 39 deals for N6,842m. The lone major price drop was N5.3 or  8.79% per ...

The week ended Friday January  18 2019 was one in which the Nairobi  Securities  Exchange  closed up daily crowned with somewhat bullish banking on Friday.  During the week daily upwards closing including 0.26 points rise on Friday  had driven the All share index up 2.66 points or 1.87% to 145.27 from previous  week's closing 142.61  The Friday slight increase was despite a drop in the price of Safaricom,  the top equity by market capitalisation  and more a product of bullish run in the banking sector.  Of the 10 price changes  recorded  in the sector,  9 was upwards and only one was down.  The lone ranger,  Standard Chartered  Bank  shed Ksh  0.50 per share compared  to sector pacing Ksh 3.75 per share  gain  by Diamond  Trust Bank,  Ksh 3.50 per share  top up by Stanbic Holdings  and Ksh 1.25 per share rise by Equity Group.  In all,  on Friday there were 18 price gains and 16 drops with the gainers led by BOC Kenya with Ksh 5.25 per share rise to Ksh 80 from Thursday 's Ksh 7...

The pace of traded volume  at the Nigerian  Stock  Exchange  is still being set by shareholders  of Diamond  Bank who apparently  do not want to be part of merger in the offing with Access Bank.  On Tuesday,  offload of Diamond  Bank led volume  with 100.673m shares sold then on Wednesday,  it paced again  with 141.231m shares.  On Thursday,  it led again with 59.564m shares traded in 95 deals valued  at N125.133m. However,  this time Diamond  Bank closed firm.  This Diamond  Bank lead was followed  by Guaranty  Trust Bank which came up with lead traded value for the day.  GTB,  down N0.2 per share amongst top 5 price losers,  recorded 256 deals for 145.587m shares worth N1480.306m. In the end,  3207 deals were struck involving  231.014m shares worth  N3.266bn compared to 3642 deals on Wednesday  for 305.808m shares valued  at N2 102bn.  The higher traded an value in spite of lower volume  could be attributed  to the above N1bn recorded by GTB with good assistance from Nigerian Breweri...

Traded volume  took a drive on Thursday  January  17, 2019 at Ghana Stock Exchange  bringing to a halt 3 days of consistent increase.  A total of 98,638 shares were traded  within the day compared to week long high of 1.345m the previous  day. On Monday,  128,819 units were traded and this rose to 182,882 shares on Tuesday  before  the Wednesday  peak.  Most of the trades  recorded were below 30,000 each led by 25,000 shares of MTN traded followed by 18,000 shares of SIC Insurance  and Ghana  Commercial  Bank's 17,100 shares.  The last deal  for the MTN shares was at GHs 0.79 per share  but the equity went ahead to close the day at GHs 0.78 per share down  GHs 0.01 per share.  Bid price however ended at GHs 0.76 per share leading to no new deals.  SIC Insurance  also went down GHs 0.01 per share as it closed at the last deal price of GHs 0.24 per share compared  to GHs 0.25 previously.  However,  in the case of GCB,  it gained GHs 0.03 per share as the last deal was recorded  at GH...

The Nairobi  Securities  Exchange closed barely up on Thursday  January  17. 2019 although still very much on the crest of optimism.  The All share index  closed the day at 145.01, up marginally by 0.25 points compared to 1.23 points rise on Wednesday.  Significant  though  was the fact that the slight occurred  while Safaricom  eased by Ksh 0.05 per share amongst 16 price drops and 23 gains.  Top  price gain was Jubilee  Holdings  Ksh 8 per share while recording  deals for only 1500 units. Jubilee  opened the day at previous  day's  Ksh423 per share,  hit day high of Ksh 460.25 before closing at Ksh 431 per share. On its heels,  Limuru Tea  in the agricultural sector  up Ksh 4 per share to Ksh 554 per share after touching day  high of Ksh 555 and low of Ksh 545 per share compared  to Ksh 550 previously.  Other major gains were Ksh 1.75 per share  recorded  by I & M Holdings,  Ksh 1.50 per share  increase  by Bamburi  Cement  and Sanlam's Ksh 1 per share gain.  On the other...

The Nairobi  Securities Exchange  is still driven by bullish expectations as it closed Wednesday  January  16, 2019 on the upswing like recent days.  On Tuesday,  the All share  index had grown by 0.42 points only for Wednesday  to follow  up with 1.23 points  rise to 144.76. And for good reason.  The number of price gains at 29 was not only far above price losers (17) but the margins were higher  too.  Top price gains were recorded  in the Agricultural  sector led by Kapchorua Tea with Ksh 5.25 per share  top up followed by Ksh 4.75 per share gain by Kakuzi Limited. Other major  gains  were Ksh 3.50 per share  by Jubilee  Holdings in the insurance  sector  and Standard  Chartered Bank  in the banking sector.  Stanbic Holdings  also in the same banking sector closed up Ksh  1.50 per share to round up top price gainers.  It helped too that Safaricom  ended the day up Ksh 0.30 per share up.  Amongst price drops,  the lead was maintained by the duo  of BOC Kenya  and British  American Tob...

The Nigerian Stock Exchange  is still glowing in newly discovered optimism  with 1.07% rise in  the All share index to 30,460.68 on Wednesday  January  16 although with hell from Dangote Cement,  the top capitalised equity.  On Tuesday , it had closed 0.58% up just slightly  higher than half of Wednesday 's % gain  There were three major price gains above N1 per share  and DangCem led the pack with N8 or 4.44% per share  gain.   DangCem  touched and closed at day high N188 per share after a low of N178 compared to N180 per share  previously.  This was as it witnessed  109 deals for the exchange  of 1.083m shares valued  at N198.948m. DangCem was followed  by Guinness  Nigeria up N6.25 or 9.65 per share as it recorded  46 deals for 0.766m shares valued  at N53.749m. Forte Oil was another equity with above N1 per share  gain.  It rose by N1.4 or 5.09% per share while witnessing  78 deals that resulted  in the exchange  of its 0.860m shares for N25.595m. On the other end of the scale,...

There was a clear wave of New Year high prices at the Ghana Stock  Exchange on Tuesday  January  15, 2019 as out of 4 price changes  recorded,  all were not only upwards 3 resulted in new highs.  The top price gain and also a New Year high was GHs 0.05 per share by Societe Generale  to GHs 0.82 per share.  Only 100 units of its shares were traded and they were at the new price compared to GHs 0.77 per share on Monday. However bid price closed the day at old live.  CAL Bank also hit a New Year high.  In deals involving  exchange  of only 200 units the last deal recorded was done at GHs 1.03 per share but CAL Bank ended up closing the day at GHs 1.02 per share.  This though was still a healthy GHs 0.03 per share top up Monday's  GHs 0.99 per share. No more deals could be struck because  bid price closed  at GHs 1 per share.  The other new high on record for the day was by Ghana Commercial  Bank which closed at its last deal price of GHs4.47 per share,  up GHs 0.01 on Monday's  GH...

The All share index continued it's daily rise on Tuesday  January  15, 2019 by closing 0.42 points  up at 143.53 even as Safaricom closed firm without giving a lift.  There were 21 price gains  and 15 drops with the gainers paced by I & M Holdings with Ksh 5.50 per share add on. The company  climbed most of the day,  hitting day low of Ksh 93 then a high of Ksh  100 before closing  at Ksh 96.50 per share.  The other major price gain were East African Breweries Ksh 4.75 per share rise while recording  deals for 602,300 shares at between  Ksh 168 and 171 per share. On the other hand,  price drops were led by Diamond Trust Bank with Ksh 2.75 per share decline  to close at Ksh 152 per share compared  to Ksh 154.75 previously.  Bamburi Cement's  Ksh 1 per share drop was the only other major decline as it hit year low of Ksh 127 per share while recording deals for 21,900 units worth Ksh 2.8m. Traded volume  rose to 29.930m shares from Monday's  25.990m units. The shares were ...

Many shareholders  of Diamond Bank are apparently  opting out of the bank instead of waiting to receive cash payment and Access Bank shares once the merger (or take over)  in the works gets official  nod.  On Tuesday,  January 15 2019, day high 100.673m shares of the bank were offloaded in 148 deals worth N209.014m while losing  N0.01 per share.  The price drop was not that straight forward because Diamond hit day high of N2.1 per share then a low of N2.05 before closing at N2.08 compared to N2.09 per share  previously.  It was an offload in a class of its own as closest to it was Guaranty Trust Bank 39.406m shares traded in 236 deals valued at leading N1318.898bn. GTB in the process  rose by very low margin that was ignored.  The All share index closed the day up 0.58 per cent to 30,137.53 confirming the reverse from persistent drop noticed late last week. This was mainly as 21 price gains and 13 drops dominated on both sides by low and medium  capitalision  equities.  Cement Company ...

Market capitalisation  in the equity segment  of the Nigerian  stock exchange  shrunk by 14 per cent to N11.73tr after superlative growth in 2017 that earned international  attention.  According to the CEO of the Exchange,  Mr Oscar N Onyema the All share index of the market hit 10 year high  45,092.83 by January 2018 but from the second quarter onwards it was downwards most of the way leading to 31,430.50 by year close  Most depressed were the Industrial  sector with 37.34 per cent drop in its index from 1975.59, the second tier market with 26.99per cent drop in its index and Consumer  Goods which recorded 17.34 per cent in its index.  Least affected  was the Oil and Gas sector where the index dropped by only 8.61 per cent and Insurance with 9.25 per cent drop,  ended being the only sector alongside Oil and Gas  with single  digit decline. He said that this was prepared by political risks,  oil price volatility and bearish sentiments  from rising global yields.  Mr Onyema was reviewin...

The up one day and down the next trading day trend discernible at the Ghana Stock Exchange since this new year came to an end on Friday January 11 2019 with a drop in the Composite Index, instead of a growth. The GCI dropped from Thursday's 2574.28 to 2573.42 whereas an increase should have accompanied Thursday's drop from Wednesday's 2582.70. The Friday rest of the days old trend was as 4 price changes were recorded: 3 down and only one up. The lone gainer was SIC Insurance up GHs 0.01 as it recorded last deal and closed at GHs 0.2 per share while 1000 units were traded compared to Thursday's closing GHs 0.19 per share. Bid price at the close of day further confirmed the new price but no takers hence no new deals were recorded. The leading price loser was Enterprise Ghana down GHs 0.04 per share while 500 units were traded. The last deal and also closing price was GHs 2.2 per share as against GHs 2.24 per share previously. However, offer stayed back at the old price by...

The Nairobi stock market on Friday January 11, 2019 ended its first full trading week in the new year with resounding optimism that drove All share index up 5.58 points or about 4.10% to 142.61. Every trading day was upwards for the market as monitored through the ASI based on weighted relative capitalisation. On Monday, January 7, the ASI rose by 0.32 points to 137.35 then followed with 1.52 points more the next day before growing further by 0.44 points to 139.31 by Wednesday. On Thursday, the ASI leapt by all week high of 2.10 points to 141.41 before closing Friday at 142.61, up 1.20 points. The Friday final rally was driven by 18 price gains and 14 drops with Safaricom rising by Ksh 0.40 per share to round up five consecutive days of gain  Kenol Kobil led the gainers on Friday with Ksh 1.65 per share rise as take over offer by Rubis Energie made it more attractive than hitherto. Thus. Kobil thus closed the week 10.32% up . Kobil recorded deals for shares worth Ksh 42m during the wee...

For the first time since this new year, the Nigerian Stock Exchange rallied rather strongly on Friday January 11 2018 with All share Index closing up by 1.06% at 29,830.70. The reverse of daily downturn had started on Thursday with a weak 0.62% growth in the ASI but this time, the strong rally was driven number of price gains (30) overwhelming drops (5). Indeed, only Seplat Petroleum tried to really pull the ASI down on Friday as it tumbled N64 or 10% per share while recording just 4 deals for 0.012m shares worth N7.214m. Seplat simply found and closed at N576 per share compared to N640 on Thursday. On its heels downwards closest was Nigerian Breweries down N1 or 1.27% pee share while posting 63 deals for 0.942m shares worth N73.532m. After dropping sharply by N16 per share on Wednesday, Dangote Cement recovered N1.50 per share on Thursday then paced Friday with N5.5 or 3.21% per share recovery.  While recording leading  281 deals for 3.921m shares worth day high N697.184m, DangCem hit...

One of Kenya's most active energy and petroleum companies listed on the Nairobi stock market, is at the final States of being taken over by Rubis Energie and most likely being delisted. According to the Company's Board Chairman, James Mathenga Rubis is to buy all shares of Kenol Mobil that it does not already own by paying Ksh 23 per share cash to affected shareholders. He said that the take over notice was served on the Board of directors on December 20, 2018 after all regulatory approvals for it had been obtained. Consequently, the Board met on the issue and resolved to recommend that shareholders should accept the proposal which technically opened on the same December 20 and remains open till February 18, this year. The offer document was circulated amongst shareholders from this Friday January 11, 2019 and they can also access it through the company's website. The offer price represents about 19.8% premium on the Ksh 19.20 per share quoted on the Nairobi Exchange on Thu...

On Wednesday, January 9 2019, the up one day, down next trend noticed at the Ghana Stock Exchange since this year continued with the Composite Index rising from 2581.46 to 2582.70. The trend had started with drop in GCI on first trading day January 2 and continued till Tuesday's marginal decline as only one equity recorded price change and downwards. The Wednesday rally was underpinned by 3 price gains and one drop. The leading gain was GHs 0.03 per share by Trust Bank ltd of Gambia as it also recorded top trade for the day. TBL's leading 119,200 shares were traded with last deal at GHs 0.26 per share compared to GHs 0.23 close on Tuesday. However, closing  bid was at GHs 0.20 per share thus hinting at possible further drop ahead although it will take a matching offer price to make this happen  The 2 other price gains were GHs 0.01 per share each. CAL Bank recorded deals for 8300 shares with the last deal and closing price at GHs 1 per share, compared to GHs 0.99 previously. Wh...

The All share index at the Nairobi Securities Exchange is still having a good run on the back of Safaricom plc which closed up 3rd day this week on Wednesday January 9 2018. Like in previous 2 trading days, Safaricom closed slightly higher on Wednesday going up by Ksh 0.30 per share and in spite of there being twice as many price losers as gainers, the ASI rose by 0.44 points to 139.31. Indeed, not only were price gains fewer, margins of gain were smaller in Shillings terms. Top gain was Ksh 1.25 per share by Equity Group as it closed at Ksh 34.80 per share after hitting day high of Ksh 35.50 and low of Ksh 34 as against Ksh 33.75 per share on Tuesday. All other gains were below Ksh 1 per share paced by Sanlam Ltd up Ksh 0.95 per share. Noteworthy was the mini bullish feeling around investment equities as all 3 price changes recorded there were up led by Centum Investment with Ksh 0.75 per share gain. In contrast, 4 of the price drops were above Ksh 1 per share with Williamson Tea in t...