HENATES

At the Nairobi securities exchange today Tuesday, July 18, 2017, the All shares index at 154.06 inched closer by to year high reached on June 28 when it closed at 155.56. This means that it is just 0.96% short of the year's high level although represents 23.5% increase on the 124.76 mark on March 16, when Henates started featuring reports on the market. After the high of June 27, it dropped to 154.32 on June 28 and has continued more down than up since then till recent trading days of daily inching upwards. The day too witnessed relatively higher investors interest despite marginal 0.58% decline in trades volume to 42.777m and 8.35% decrease in traded value to Kes 1.06bn. The number of deals struck, as an indicator of investors interest rose by 9.64% to 1558, one of the highest in weeks. Traded volume and value was sustained more by deals recorded in the banking sector and Safaricom. The banking sector accounted for Kes 512m or 47.69% of traded value while Safaricom chipped...

At the Nigerian stock exchange today Monday, July 17, 2017, the three top gainers played a little game of top to bottom lead.  The top gainer in terms, Unilever up double digit 10.24%, ended up as the 3rd highest by Naira gains while the 3rd by % 7up Bottling, led in Naira terms. 7up added N5.72 per share to top the day's Naira gains but this came to 6.41%. Unilever Nigeria's N3.38 per share gain narrowly beat Nigeria Breweries N3.36 per share to the 3rd spot while Forte Oil with N4.33 per share or 7.71% was second on both measures. The All shares index continued its slow and steady recovery by 0.12% to 33,301.43 more or less riding on the back consumer goods which lone ranged with 1.29% rise in its index to 778.69. In all there were 26 price losers, ahead of the 23 gainers but normally ASI and by extension market capitalisation is hit more by Naira gains and losses. In this regard, though more in number, price losers went down with too little to sway ASI downward.  Top Naira d...

Today, Monday July 17, 2017 trading at the Nairobi securities exchange dominated by Safaricom and KCB group leading to 36.5% rise in value to Kes 1.164bn and in traded volume by 28.8% to 43m. There was marginal drop in deals recorded though at 1421, down 1.39% from Friday close and All shares index continued to climb slowly by 0.33% to 153.63. Safaricom recorded the highest traded volume and value with deals for 19.3m shares at between 23 and 23.5 Kes per share valued at 444m Kes. In view of trading in higher priced equities, the 44.9% of volume thus accounted for Safaricom, came to only 38.1% of traded value. On the other hand, KCB group witnessed deals 8.965m, that is less than 50% of Safaricom volume but valued at Kes 358m. The shares were sold at between 39.50 and 40 Kes per share. It thus drove the banking sector to contribute 582m Kes or 50.02% to traded value. Equity group had a strong in this though as it recorded deals for 4.159m shares worth Kes 161m while gaining 0.75kes to ...

According to the National Bureau of Statistics, (NBS), inflation rate in Nigeria averaged 16.10% last month, thus going down for the  fifth month running year on year basis when compared to  16.25% in May. According to figures for the Composite Consumer Price index released today by the NBS, the month on month rate came to 1.58% which, significantly, was a drop on 1.88% rate recorded month on month in May, the previous month. However, says the NBS, the price of food items continue to grow faster year on year and so, turn out to be one of the factors still driving average consumer price index upwards. The food sub index grew by 19.91%n in June which represents a major increase on the 19.27% recorded in May. Month on month, however, says the NBS, it slowed down to 1.99% growth compared to 2.54% earlier in May. The items with the highest price increases as per the composite consumer price index were meat, bread and cereals; solid and liquid fuels; tubers especially yam ...

The Nigerian stock exchange (NSE) today took one major step to be smarter than, or at least, catch up any one who decides to play smart in the capital market by formally going live with SMARTS market surveillance platform from Nasdag exchange. Both organisations, the NSE and Nasdag, announced the take off today in a press release which heralded the NSE's joining of 47 markets; 17 regulators and 140 market participants around using SMARTS since its debut 22 years ago. SMARTS, says the Exchange, will help the NSE monitor market manipulation; detect and deter manipulative tendencies; gather intelligence; carry out traders monitoring and analysis; conduct multi-asset and across market surveillance and execute risk based supervision of flagged participants. "As we enter the growth phase of the development of our market including then introduction of new assets classes such as derivatives" declared Ms Tinuade Awe, NSE's General Counsel and Head of Regulation, "th...

Struggling under the weight of 242 bn Kes ($2.3bn) Kenya Airways, one of the companies quoted on the Nairobi Securities Exchange, has opted for enviable moves to restructure its capital to continue flying. According to the company chairman, Michael Joseph, major shareholders in the company and creditors have all agreed to a plan, aptly called 'Optimisation plan' has been set in motion to reduce the debts, access new funds and even reduce the number of shares that can expect to receive dividends in the future. The debt is to be reduced by about Kes 51bn ($486m); major flow outflow relief is to be got from lessors of aircraft fleet and creditor banks are to inject new multipurpose $175m credit facility to enable the company meet immediate financial obligations. The key to the success of the plan lies with two major shareholders: The government of Kenya and KLM Royal Dutch Airlines and some creditor banks. Under the plan, government of Kenya's $238m loan plus outstandi...

The All shares index completed a five day slow climb without break today, Friday July 14, 2017 at the Nigerian stock exchange  rising by 0.04% to 33,261.66 without earth shaking price changes. It was indeed the lowest of the daily growth as it rose by 0.48% on Monday, followed with 0.65% on Tuesday and 0.47% come Wednesday before hitting week high growth of 0.80% yesterday. Today, however, 0.21% drop in banking index to 412.85 acted as one of the slow downs while industrial index lead pressure upwards with 0.38% growth to 2034.34 followed by the duo of Oil and gas and Consumer indices with 0.12% increase to 324.85 and 768.75 respectively. Traded value was down by 14.4% to N3.27bn and number of deals too which at 3113 represented 14.3% decline on yesterday's 3631 but traded volume rose by 7.9% to 311.6m shares courtesy of the offload recorded in UBA. By the day's close, UBA witnessed 2nd ranked 204 deals for 103.19m shares worth equally leading N924.06m while gaining 0.1...