HENATES

At the 3 stock markets currently analysed daily by Henates: Nigerian, Nairobi (NN) stock markets, All share index closed more against market mood in 2 on Friday July 13, 2018. Ghana Stock Exchange figures were not available. NIGERIAN STOCK EXCHANGE: ASI UP AMIDST MORE DROPS At the Nigerian Stock Exchange, after 2 consecutive days downwards, the All share index rallied by 0.45% to 37,392.77 on Friday July 13, but this was as 26 price drops were recorded compared to 17 gains. Apparently, this was more because greater leaps in prices were recorded compared to very marginal declines. Market pace setter by price per share, Nestlé Nigeria led gainers with N27 of 1.80% leap per share as it witnessed 62 deals for 0.205m shares valued at N299.579m. There was no struggle to the gain as it simply found and closed at N1527 per share compared to N1500 on Thursday. Even then, it was a solo leap. Second highest priced equity, Seplat Petroleum also jumped by N15 of 2.36% to record just 4 deals for 0.4...

You can now find out the regulatory environment around any idea or innovation targeted at the Nigerian capital market without committing yourself to immediately applying for registration. According to the Securities and Exchange Commission of Nigeria (SECNigeria) in a tweet published July 4, this year, the platform is meany for innovators and start ups to fill Regulatory Sandbox Assessment form online. In this form, people with new ideas, products, services and activities targeted at the market that require prior registration can access live guidance provided by SEC on attendant regulations without first meeting such regulations. On line the form is in 3 pages and the first contains field for email address, full name, nature of the business or innovation, website and sector. This page once field leads to subsequent two pages. No initial  payments are required and the aim, apparently is to help innovators and start ups to navigate the various rules and regulations of SEC with ease throu...

After closing down across the board on Tuesday July 11,2018, the main market index in the three stock markets being reviewed for now by Henates closed in different directions on Wednesday. GHANA STOCK EXCHANGE: At the Ghana Stock Exchange, according to figures obtained from the website, the Composite index jumped by 1.86% or 53.97 points by July 12, 2018. It closed the day at 2958.74 up considerably from 2903.77 to which it declined on Wednesday. Indeed, with the Thursday jump, the GCI regained more than it lost July 11 and closed above Tuesday's 2943.15. From available figures, this leap was driven mainly by GHc 0.995 per share rise in the share price of Ecobank Ghana. Interestingly, the same EGH led the GCI down on Thursday when it lost GHc 0.58 per share to record deals at GHc 7.50 per share while offer price recovered to GHc 8.40 per share. On Thursday, July 12, offer rose further to GHc 8.50 per share and on that deals were struck involving the exchange of 6000 sha...

The 3 African stock markets currently reviewed daily by Henates: Nairobi, Nigerian and Ghana stock markets closed with one thing common on Wednesday, July 11, 2018: Decline in all market index. NAIROBI SECURITIES EXCHANGE: ALL SHARE INDEX DOWN 1.11% At the Nairobi Securities Exchange the All share index declined by 1.93 points or 1.11% to 172.23 after rallying for a while in recent days. This was as 17 price drops and 12 gains were recorded amidst gradual in both traded volume and value. It was indeed a day of major price changes with I & M Holdings Crown Paibts and East African Breweries tumbling and Jubilee Holdings recording a leap that didn't make so much difference. I&M found and closed at Ksh 106 per share compared to Ksh 115 previously as only 100 units were exchanged, thus down Ksh 9 per share. Crown Paints declined by Ksh 8 per share after finding and closing at Ksh 72 per share as against Ksh 80 per share the previous day. EAB as usual, witnessed a...

The Central Bank of Nigeria has directed all finance institutions operating within the framework of the Bank Verification Number (BVN) not to grant access to any BVN information without a valid court order. According to a circular to this effect dated July 4 2018 and posted on CBN website July 10, the framework for the BVN operations has been amended with immediate effect. The circular was signed by CBN director of banking and payments, Dipo Fatokun and states that section 1.6 of the framework issued October 18, last year has been amended to provide for the compulsory court order. According to the circular, the section originally read in part: "..The following entities may have access to BVN information subject to the approval of the CBN". It is not to read: " The following entities may have access to BVN information after providing valid court order, subject to approval of the CBN ".

Was it that easy for listed companies to increase price per share at Nairobi, Nigerian and Ghana Stock markets Tuesday, July 10? NAIROBI SECURITIES EXCHANGE: YES, IT WAS IN A WAY..... At the Nairobi Securities Exchange, it was easier for record price gains on Tuesday July 10 2018 and so, even with heavyweight Safaricom closing firm, the All share index rose by 0.24 points to 174.16. This was on the back of 17 price gains as against 11 drops unlike Monday, July 9 when 17 drops and 19 gains were recorded ( including Safaricom's top up that helped grow ASI by 0.97%). The gainers were paced by Standard Group in the commercial and allied sector up Ksh 2.50 per share and followed by the duo of KCB Group in banking and Sanlam in insurance with Ksh 1.25 per share top up each. On the other hand, the price losers were led by yet another pair, this time of Williamson Tea in agricultural sector and Total Kenya (energy and petroleum) with Ksh 2 per share decline each. They were tr...

About 41% of Nigeria's adult population are now excluded from the financial system, according to the Central Bank of Nigeria (CBN). Back in October 2010, explains the CBN, Nigeria launched its National Financial Strategy  to reduce adult financial exclusion from 46.3% to 20% by year 2020. Now, CBN director of development finance, Dr Mudashiru Olaitan, a review of the strategy is underway to evaluate progress so far and update or come up with a new strategy to achieve the target reduction in financial exclusion. Towards this end, the CBN published an exposure draft dated July 6 2018 on its website which stakeholders were expected to review and comment on within two weeks from the date on the draft. The exposure draft contains planned changes in the strategy which include updates of relevant data, articulation of new overview and challenges on the way forward in these times. According to Dr Olaitan, the 41% estimate was based on biennial access to financial services in Nige...