HENATES

As far as week 41, that ended yesterday at the Nairobi securities exchange, went trading on the last day, yesterday October 13, made a difference. Yesterday, traded value closed 225.9 % up at Kes 846.8m thus helping total traded value for the week up by 62.5% at Kes 2.6bn. Also, total traded volume yesterday grew by 1.09% to 25.4m shares thus driving the week's volume to 83m shares compared to 62m units in week 40. After Monday's 0.32 points rise to 161.03, the All shares index had lost ground every day for the next three trading days before Friday ended with 0.15 points recovery to 159.25. Thus, compared to 166.71 the previous Friday, the ASI ended week down by only 1.46 points or 0.91% in spite of the consecutive three days downwards. As usual, Safaricom led both traded volume and value within the week accounting for 39.4m shares  traded at between Kes 24.75 and 25.50 per share worth Kes 987m or 38.75% of market total traded value for the week. To this Friday, the last tradin...

Lead trade in Diamond Bank PLC daily throughout week 41 just ended yesterday Friday October 13, 2017 was the dominant feature at the Nigerian stock exchange as number of deals rose by 26.5% to 18,409; traded volume came to 1555m, up 4.62% and as traded value dropped by 10.6% to N13.5bn from week 40's N15.1bn. Even on Friday when only 25.04m shares in Diamond bank changed hands in 255 deals worth N27.7m, it still topped traded volume for the day resulting in 64% drop to 159.6m shares sold on Friday. In the end, 856.45m shares of Diamond bank were sold within the week in 5th ranked 1185 deals and N858.43m worth. No other equity had volume trade in the range within the week with Zenith bank trailing with leading 1710 deals for 75.44m shares worth 3rd ranked N1905.4m. That there was a marked drop in traded value inspire of the volume was because Diamond bank was not a high priced equity, indeed it just managed to gain N0.09 or 8.57% per share on Friday to be 2nd only to Champion Brewer...

In the very trying year 2016, total managed assets of the Nigerian pension scheme grew by N861.94bn, second only to 2013's N906.48bn increase in 10 years since 2007. According to Nigerian pension administration data released by the National Bureau of Statistics, NBS, after the top growth in 2013, 2014 followed with only N552.88bn before there was a slight recovery to N691.85bn top up in 2015. The total managed pension administration asset value was N6164bn compared to N5302.82bn in 2015 and N4610.97bn in 2014. However, in terms of % growth, none of the last three years turned out to be the lowest within the 10 years. The low was 2014's 13.6% growth, followed by 15% in 2015 before a little improved 16.3% last year. Whereas, top % growths within the 10 years were 2009's 39.2%; 2008's 34.8%.and 2010's 32.7%. In other words, in the last three years, the % growth in managed pension assets was either below inflation rate or just barely at par.  To make matters worse, the ...

For the third day running since this week 41, Diamond bank paced traded volume at the Nigerian stock exchange recording 229 deals for 230.55m shares worth N230.237m. Yesterday and on Monday, it also dominated volume with deals for 215.76m and 76.252m shares respectively. Thus, so far this week about 522.5m shares in Diamond bank changed hands in 757 deals. This was quite a leap from the 142.465m shares exchanged in 365 deals throughout last week (40). The offload is in one block but they do add up to dominant volume each day after last Friday's 88 deals for 112.435m units signalled the continued offload since then. So it is actually the fourth day running although Friday trade was grouped appropriately with week 40. By today, according to official market statistics, Diamond banks outstanding shares available for trading in the market was 23.16bn hence so far the total offload is just a fraction of it. In spite of the offload today, traded volume still dropped by 4.76% to 336.38m fr...

Today October 11, 2017 British American Tobacco (BAT) and East African Breweries (EAB) both of the manufacturing and allied sector, beefed up traded value at the Nairobi securities exchange partly as BAT also paced price gains. Traded value at the market had jumped by 279.9% to Kes 809.2m from yesterday's lowly Kes 212.99m and the manufacturing and allied sector was responsible for 37.24% of that; ahead of Safaricom's 33.3% and the banking sector's 18.18%. Traded volume too more than doubled to 20.04m shares but none of EAB and BAT had any major hand in that. BAT firstly, led 9 price gainers with Kes 9.00 per share gain. It hit day high of Kes 810 per share, then a low of Kes 800 before settling at Kes 809 per share. Through this up and down, deals for 230,000 units were struck at between Kes 800 and 810 per share worth Kes 187m. On its part, EAB eased by Kes 1.00 per share and witnessed deals for 461,100 shares worth Kes 112m and so together, both of them accounted for alm...

From the nine months figures to September 2017 released this week, obviously United Capital PLC is still one of the few companies in today's trying times with thick enough profit margin to withstand much of what is thrown at it but let us watch, the smiles are beginning to fade. According to the group unaudited results, the company's profit margin is still a hefty N62.5 gain on every N100 income earned but the truth is that it got a lot thinner than N69.7 on the same N100 income at the same time last year. To put it another way, from 9.66% rise in gross earnings to N6238.5m, profit before tax dropped by 1.66% to N3897.1m. And that is not the way business empires are built unless drop in profit can be linked yet to realised potential in new investment or product. From the figures, United Capital's cost profile within the period grew in fairly strong double digit and only growth in investment income at 59.7% to N1099.2m came any where near this. Two other minor income streams...

Today Tuesday, October 10, 2017 the Nigerian stock market danced to different pace setting tunes played three different equities: Cement Company of Northern Nigeria through % gain; Diamond bank through major offload and Nigerian Breweries in solo close with deals above N1 bn. The All shares index at 36,776.60 ended 0.15% down after two days on the increase as price drops and gains levelled at 19 a piece with the pressure down on ASI coming from more Naira lost than gained. In % terms the gainers were led by CCNN with a bit rare double digit % growth (10.17%) or N0.86 gain per share which incidentally was also the second highest gain in Naira terms. CCNN closed yesterday at N8.46 per share, opened today with a leap to N8.88, hit day high close of N9.32 per share. It witnessed 44 deals for 0.493m shares worth N4.533m. Next to it in % terms was AXA Mansard Insurance, up 5% or N0.10 per share but leading Naira gain was by Flour Mills of Nigeria, up N1.13 or 4.05% per share. Flour mills clo...