APRIL 5, 2019: NAIROBI SECURITIES EXCHANGE DOWN FRIDAY

The days upwards match by the Nairobi securities exchange came to an end on Thursday after the All share index hit week high of 160.08 on Wednesday.

Come Friday, the slide continued as the ASI eased by 0.06 points to 159.52 but the 2 day slide only reduced the index growth on previous week's 157.66 close by 1.18% or 1.86 points.

The Friday drop was occasioned by 23 price drops well ahead of 15 gains and in margin of price change too.

The price gainers pace was set by Stanbic Holdings with Ksh 4.50 per share rise to close at Ksh 103 per share compared to Ksh 98.50 previously

On its trail were Ksh 2.50 per share gain by BOC Kenya, and Williamson Tea's top up by Ksh 1.50 per share 

On the price losers side, the leader was Standard Chartered Bank down Ksh 2 per share after some struggle. It hit day high of Ksh 214, which was previous day's close, then a bottom of Ksh 210 per share before closing at Ksh 212 per share.

It was followed by Diamond Trust Bank down Ksh 1.75 per share; Standard Group with Ksh 1.60 per share decline and the Ksh 1 per share shed by Jubilee Holdings. And Safaricom put icing on the cake by closing Ksh 0.05 per share down.

Trading in the week ended down considerably with 78.7m shares worth Ksh 2.7bn being traded compared to 101m shares valued at Ksh 3bn the previous week.

Safaricom topped the chart with 37m shares exchanged at between Ksh 27.60 and 28.50 per share while accounting for 37.67% of all week traded value. Of the lot, 11.067m of its shares were traded on Friday.

The banking sector chipped in 48.36% or Ksh 1.3bn to the traded value with Equity Group pacing with 22m shares traded for Ksh 950.7m at between Ksh 41.50 and 43.95 per share. Friday was responsible for 3.757m shares traded..

Much the same vein, KCB Group witnessed deals for 6.8m shares within the week worth Ksh 305m while closing 1.7% up although Friday trade was just 263,600 shares.

The manufacturing sector ended with 12.15% or Ksh 337m out of the all week market traded value and mainly as East African Breweries recorded exchange of 1.5m shares for Ksh 329m at between Ksh 206 and 212 per share.

Traded value at the bond market dropped slightly to Ksh 16bn from previous week's Ksh 17bn.

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