APRIL 12, 2019: TRICKLES OF DEALS AT NIGERIAN STOCK EXCHANGE

On Friday April 12, 2019, at the Nigerian Stock Exchange, deals trickled down to end the week although market mood was positive.

Of the day's top 10 equities by price change downwards and upwards, only 2 ended with deals above 100; all else actually posted less than 50 each.

The one with lowest number of deals was ABC Transport with lone deal for 100,000 shares worth N0.04m while placing 5th by price decline of N0.04 or 9.09% per share.

In sharp contrast, lead price drop was by FBN Holdings down N0.3 per share or 3.85% in 265 deals for 25.078m shares valued at N190.380m.

In fact, FBN turned out to be the only top 5 price loser with deals above 10. NEM Insurance down N0.19 or 8.64% per share recorded 7 deals for 0.210m shares valued at N0.442m; Ikeja Hotel posted 5 deals for 0.151m shares worth N0.258m while losing N0.18 of 9.73% per share and AXA Mansard posted 9 deals involving 0.230m shares worth N0.437m while shedding N0.1 or 5% per share.

On the part of top 5 price gainers, the loner with above 20 deals was Guaranty Trust Bank. It placed 5th with N0.8 or 2.34% per share gain and closed with 127 deals through which 7.052m shares were traded for N256.508mm

Unlike GTB, leading price gain was 11 Plc ( Erstwhile Mobil Nigeria) up N6.9 or 4.04% per share in just 8 deals for 0.018m shares worth N3.215m.

Nestle Nigeria recorded 2nd highest gain as it closed up N6 or 0.41% per share but witnessed only 19 deals through which its 0.207m shares were exchanged for N302.271m.

Dangote Cement ended the day N3 or 1.61% up per share and recorded 36 deals for 0.278m units worth N52.430m while Unilever Nigeria topped up with N1 or 2.94% per share in 16 deals involving 0.074m shares valued at N2.577m.

When almost 70% of price changes recorded at the start of the week on Monday were downwards, it resulted in a record tumble.

On Friday, the opposite occurred: That is 77.8% of the 36 price changes recorded were upwards and although the All share index ended up 0.73% at 29,560.47, the leap was not strong enough to cancel the damage done on Monday 

Hence 3 days upwards out of 5 days in the week, the ASI still closed down 55.91 points on last week's closing 29,616.38.

In all, 2677 deals for 232.773m shares worth N1.972bn were exchanged on Friday compared to 3127 deals involving 224.028m shares valued at N2.013bn on Thursday.

Lead traded volume was in Sovereign Insurance as 47.057m of its shares were exchanged in 9 deals worth N11.292m while barely closing firm.

Zenith Bank however paced both number of deals and traded value with 374 deals sealed for the exchange of 29.317m shares worth N598.783m while also barely closing firm.

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