HENATES

Week 2 in 2018 closed today Friday January 12 at the Nairobi Securities Exchange with trading indicators up on week 1 despite low trade today. Traded volume and traded value had dropped 43.5% to 12.2m shares and 37.9% to Ksh 375m respectively today but for the whole week, it came to 113m shares worth Ksh 3.2bn compared to 62m shares worth Ksh 1.8bn previously. Despite the day's dive in trading too, investor interest remained high as number of deals struck rose by 11.8% to 1180 from 1055 on Thursday. However, 1.90 points rise in the All share index on Friday made the week's ASI to end 1.90 points or 1.09% higher than last week's closing 174.17. There were 16 gainers for the week and 31 price drops more or less the Friday grain with 20 price gainers and 18 losers  Top 3 % gainers for the week were from the commercial and services sector with the sector too accounting for top 2 drops in price. Standard Group PLC closed Friday at Ksh 35.25 per share, up 14.63% on Ksh 30.75 per ...

NIGERIA: VITAFOAM GETS N2BN LOAN Vitafoam Nigeria PLC has secured a N2bn soft loan from the Nigerian Bank of Industry to augment its working capital and ginger up two subsidiaries  According to the company secretary and legal adviser, Lekan Sanni, the loan has already been disbursed and it has 5 year tenor at 12% interest rate and one year moratorium on the principal. Vitafoam is expecting to boost its profitability with the facility because it will lead considerable savings on present day cost of funds and also help the company leverage on bulk purchase of some raw materials leading to lower procurement costs. Two subsidiaries of the group will also feel the impact of the fund. Vitaparts, a subsidiary set up to manufacture oil filters and so diversify group income base, will come on stream 3rd quarter of this year after conclusion of importation and installation of machines by 2nd quarter. Also, Vitablom, has installed plant for fibre processing to boost group operations. 7UP BOTTLING...

Today January 10, 2018, bullish optimism about Nigerian economic prospects amidst very cold winter induced high crude oil prices and rising foreign reserves, took complete hold of the Nigerian stock exchange resulting in almost across the board price hikes and  record 1,433.14 points or 3.55% leap in the All share index to 41,816.11, a new high. In all 60 equities recorded price gains compared to only three price drops. Banking sector and bank related groups had good taste of the bullish run as 16 of them witnessed gains including newest quoted Jaiz bank but excluding Fidelity bank which went down N0.01 or 0.68% per share to lead easing trio from the rear. Hence, with 5.33% growth to 559.16, the banking index this time paced pressure on the ASI upwards although,  Dangote Cement still leading Naira gains with N9.50 per share supported strongly by hikes in Zenith bank and FBN Holdings, the premium index still applied good shoulder to the wheel by closing 4.66% up at 2848.83. Even the ind...

Three equities, Safaricom, I & M Holdings and Jubilee Holdings paced Nairobi Securities Exchange today Wednesday, January 10, 2018 in quite different ways. The market's dominant equity by capitalisation, Safaricom, eased by Ksh 0.25 to Ksh 27.75 per share after closing Tuesday firm at Ksh 28 per share. It thus was instrumental in bringing down the All share index by 0.22% or 0.38 points to 173.76 after yesterday's rise. Safaricom eased while deals were struck for 12.92m of its shares at between Ksh 27.75 and 28.00 per share worth Ksh 361m or 40.94% of total market traded value of Ksh 883.0m which itself was down 14.3% on Tuesday's Ksh 1.03bn. However it was I &_M Holdings in the banking sector that led 23 price drops for the day as it closed Ksh 4 per share down. I & M had ended Tuesday at Ksh 119 per share, eased slightly to day high of Ksh 118 then dipped further to close at Ksh 115 per share. It was followed by EAAGADS ltd in the Agricultural sector and Crown...

One of modern world's richest men, Warren Buffet is reported to have opined that when hiring any one, employers look for three key things: Intelligence, Energy and Integrity. And, he reportedly added, if the applicant lacked integrity, don't bother to hire him or her even if the rest two qualities are OK. So, now let us turn the table: If you find an applicant with integrity, intelligence and energy, will you hire him if he pierced his ears; has tattoos all over his body or spotted beard and moustache of the uncared for type? Research study conducted in the United States in 2017 and posted online in February same year by Payscale.com indicate that 81.3% of the times, the one with facial piercings will be turned down, while visible tattoos will miss the mark 64.3% but facial hair could be given the thumbs down 16.9%. However, that may not be sure go ahead for job seekers with intelligence, integrity and energy to grow beards, because in some industries and callings, to grow one ...

For the third day running, major offload in Transcorp, Diamond bank and some other banks continued but top blue chip, Nestle Nigeria, price per share crashed by N50. In view of the continued offload, traded volume recovered by 27.5% to 770.88m shares thus even closing ahead of Friday's 753.3m shares. This time though, Transcorp PLC did not blaze the trail; Diamond bank paced traded volume with 5th ranked 476 deals for 219.65m shares worth also 5th placed N441.24m. Transcorp this time recorded 7th ranked 335 deals for 139.92m shares offload worth N254.91m. FCMB too recorded 3rd day run of large parcel deals. It witnessed 4th ranked 495 deals for 74.62m shares worth N154.71m. Other major offloads occurred in Zenith bank; Access bank; Fidelity bank, UBA, and FBN Holdings all witnessing deals for above 20m shares each. Zenith bank paced number of deals with 587 deals for 4th ranked 41.9m shares worth day high N1.23bn. It had gained N1.39 per share in the process. Nestle Nigeria closed ...

At the Nairobi stock market today, Tuesday, January 9, 2018; British American Tobacco PLC share price crashed after yesterday's 2nd highest price gain of Ksh 18 per share. It closed the day at Ksh 753 per share, just Ksh 3 above its year low of Ksh 750 and Ksh 26 or 3.34% down on yesterday's Ksh 779 per share. Gaining behind Kakuzi ltd yesterday came after a bit of a dance as it hit a day high of Ksh 780 and a low of Ksh 760 before closing at Ksh 779 per share. Today, however, it just settled at Ksh 753 through the trading period. It thus paced a total of 16 price losers with Standard group trailing from a distance with Ksh 3 decline per share followed by Standard Chartered bank, down Ksh 2 per share. Despite these major price drops though, the All share index rose by 0.21 points to 174.14 as the day also came up with 16 price gainers. The leading gains were more marginal as Ksh 1.55 per share price gain by WPP Scan group topped the scale. It was followed by Diamond Trust Bank ...