HENATES

Today, May 11, 2018 the Nigerian Stock Market closed with 23 price drops that were all below N1 per share while out of the 28 price gains, five were solidly above this mark. Yet the All share index closed up by only 0.26% to 41,022.31 although this rise applied brakes on daily decline for three trading days. The five main price gainers were Seplat Petroleum (up N25 or 3.45% per share); Nestlé Nigeria with N10 or 0.54% gain per share; Okomu Oil & Palm up N4.95 or 5.82% per share; Presco (up N3.6 or 5% per share) and Cement Company of Northern Nigeria with N1.95 or 7.21% gain per share. The leading gainer, Seplat, simply found and closed at N750 per share compared to N725 per share the previous day. This was as it recorded 25 deals for 0.406m shared worth N304.65m. Indeed, of the five only Okomu oil recorded the above N1 gains while witnessing deals for above 1m shares. It closed with 53 deals for 4.67m shares worth N38.18m. On the other hand, lead decline was by La Farge Africa as i...

According to figures released today, May 11 2018 by the National Bureau of Statistics (NBS) foreign capital imported into Nigeria grew 594% first quarter of this year compared to same time last year. Indeed, good news but there can only be limited celebration by Nigerians because the bulk of the inflow in temporary and can be withdrawn immediately there is unfavourable condition. According to the NBS, the total capital imported into the country from January to March 2018 came to $6.303bn, up 594.03% on quarter one 2017 and 17.11% on the previous quarter (October to December 2017).  This was the 4th quarterly consecutively and portends well for both the Nation's foreign reserves and investment in Nigeria. The inflow was dominated by Portfolio investment which came to $4.565bn compared to $3.477bn in the previous quarter. There the good news really ends. This is because money market instruments in flow accounted for $3.527m or 77.27% of the portfolio investment in flow.  The rest of ...

Wednesday, May 9 2018 was indeed Guaranty Trust Bank day at the Nigerian Stock Exchange but only as it dominated traded value and volume but dipped in price. In a rare offload, a total of 162.81m shares of GTB changed hands in 4th ranked 194 deals worth distant running N7.399bn but as the equity lost N0.65 per share with some struggle. It had closed Tuesdsy at N45.65 per share, opened the day at N45.30 then hit a day high of N45.50 slipped to day low of N44.20 then closed at N45 per share. The traded volume  was almost 50% of the day's 341.05m shares but the traded value had no match. The nearest traded value to it was Zenith Bank's N378.47m clocked from 2nd placed 265 deals for 13.77m shares as the bank edged up by N0.10 per share. In terms of investors interest though, GTB, even with the offload trailed not only Zenith bank but also FBN Holdings and Fidelity bank. FBN Holdings closed with leading 282 deals for 25.85m shares worth N310.9m, with both ranked 3rd for the day. Fid...

At the Nairobi Securities Exchange May 9, 2018, Britam Holdings in the Insurance made the day with rare offload that helped shoot traded value beyond Ksh 1bn. Normally, when the market crossed this mark in the last one year or so, it was due to an offload in Safaricom, or combined activities in the banking sector or more rarely offload in Ken Kobil in the Energy and Petroleum sector. When it was crossed on January. 19, this year to clock high of Ksh 5.96bn, it was offload of 269.97m shares in Ken  Kobil that dominated the shove which came from total deals from 387.04m shares. It crossed the mark to reach Ksh 1.37bn also on February 26 on the back of 65.7m shares Ken Kobil offload. Otherwise, the pace setters in the market daily were Safaricom sometimes hotly trailed by conbined trades in the banking sector. Now Britam Holdings has placed one foot at this level of pace setting as deals were recorded Wednesday May 9, for 41.13m shares traded between Ksh 13.8 and 15.85 per share worth Ksh...

NIGERIA: CAP PLC: Dividend:      N2.05 per share Qualification:      25/5/2018 Reg closure:    28/5/--1/6/2018 Payment:            19/6/2018 AGM venue:   Golden Tulip Festac. AGM. Date:    18/6/2018 LASACO ASSURANCE PLC: Dividend:         N0.04 per share Qualification:     1/6/2018 Reg closure:    4/6/--8/6/2018 Payment:           5/7/2018 AGM venue: Lagos City Hall, Lagos AGM date:         21/6/2018 NEWREST ASL NIGERIA PLC: Dividend:      N0.50 per share Qualification:   11/6/2018 Reg closure:   12/6/---15/6/2018 Payment:           28/6/2018 AGM venue:     Radisson Blu Hotel Ikeja AGM date:        27/6/2018 FIDELITY BANK PLC: Dividend:    N0.11 per share Qualification:     11/5/2018 Reg closure:    14/5--18/5/2018 Payment:           25/5/2018 AGM venue: Eko Hotel & Suites V/Island AGM date:        25/5/2018 NPF MICROFINANCE. PLC: Dividend:      N0.17 per share Qualification:     1/6/2018 Reg closure:   4/6--8/6/2018 Payment:          28/6/2018 AGM venue:   Bristol Palace Hotel Nas...

At the Nairobi Securities Exchange yesterday May 7, 2018, British American Tobacco more or less dragged the All share down as it tumbled in a solo. The ASI closed at 179.25, down 0.06% or 0.11 points as BAT led 19 price declines with Ksh 15 or 2.31% per share drop. While deals for just 300 shares were being struck, BAT hit day bottom of Ksh 605 per share then closed at Ksh 635 compared to Ksh 650 per share the previous day. Diamond Trust Bank was its closest on the way down as it lost Ksh 4 per share followed by Ksh 3 per share drop by Total Kenya and Ksh 1 per share decline by three high priced equities: I&M Holdings, Bamburi Cement and East African Breweries. Leading 11 price gainers for the day, Jubilee Holdings rose by Ksh 4 per share as it found and closed at Ksh 535 per share compared to previous day's Ksh 531. Unlike for price losers, no other equity closed up with above Ksh 1 per share. Closest to Jubilee Holdings Ksh 0.75 per share rise by NIC Group; Ksh 0.70 per share...

The All share index today Friday March 16 2018, dived back below 42,000 it had found pretty  difficult to scale in the past. It dropped by 0.59% to 41,935.90 crossing 42,000 range in  just two days after  rising slightly to 43,073.45 on Tuesday. One thing was sure though: The undulating trend noticed up to Wednesday was broken yesterday when instead of an increase, it dropped further to 42,185.38 instead of closing up to fit the undulating mould. The Friday slide was in spite of leading N1.40 or 0.53% increase in the price of Dangote Cement and as 37 drops had been recorded compared to only 16 price gains. The losers were dominated by 12 insurance companies; 9 banks or bank dominated group and 5 manufacturing companies while 6 manufacturers and 3 banks held sway among the gainers. Dangote Cement closed yesterday at N262.60 per share; opened and closed the day at N262.50 after touching day high of N264 per share. This was while witnessing 62 deals for 0.94m shares ...