HENATES

On Monday, February 11 2019, there was relatively active price making at the Nigerian Stock Exchange but as it turned, top price changes revolved around equities with low investor interest. There was one exception that more or less confirmed the rule: Dangote Cement in which 119 deals for 4.020m shares worth N744.231m were sealed while closing down 4th ranked by N0.5 or 0.27% per share. Every other equity in top 5 price gain and loss recorded less than 50 deals, the lowest being Medview Airlines 5th ranked by price drop, down N0.15 or 8.11% per share in just 2 deals involving 2.545m shares worth N4.326m. The All share index closed up by 0.80% to 31,781.87 as more bullish outlook resulted in 41 price gains and only 10 drops. The gainers were led by Beta Glass up N6.3 or 0.55% per share while recording only 33 deals for 0.382m shares worth N25.7m. It was trailed by Seplat Petroleum with N5 or 0.89% per share again while closing with only 30 deals for 0.237m shares worth N133.3m and Unile...

At the Ghana Stock Exchange on Friday 8, 2010, hope for sustained rally by the Ghana Composite Index faded  as all 4 price changes recorded pointed downwards. The GCI eased to 2485.56 from Thursday's 2502.17 after recovering from daily price drop for days thus implying that the rally was temporary. All the 4 price drops were of GHs 0.01 per share range and involved 2 banks leading to decline in the financial sector index as well. Ecobank Ghana recorded deals for 71,500 shares, the day's highest volume while closing at last deal price of GHs 7.49 per share as against GHs 7.5 previously. Bid price though closed the day at GHs 7 per share. Its holding company, Ecobank Transnational Incorporated also rose to close at GHs 0.16 per share but that was after 34,000 shares had been traded at opening GHs 0.15 per share. MTN Ghana finally succumbed to running GHs 0.74 per share  compared to GHs 0.75 it had retained for a while. This was as 5600 of its shares were traded and promptly too, ...

More than 2 weeks of daily growth came to a halt on Thursday February 8 2019 at the Nigerian Stock Exchange in style: The All share index closed firm as a rock. No increase, no decrease at 160.44. In the end, the ASI ended the week up 5.92 points or 3.83% as against 8.04 points or 5.49% increase the previous week. Not to worry, the surge this time came from traded value  as it hit Ksh 1.519bn in 1209 deals for 50.124m shares compared to 1422 deals involving 44.143m shares worth Ksh 967.420m. This brought all week traded volume to 176m shares worth Ksh 6.3 bn compared to 195m shares exchanged for Ksh 6 bn the previous week. The ASI closed firm despite 15 price drops and 19 gains. There were even relatively very major price changes like Jubilee Holdings leading  leap Ksh 13 per share to Ksh 439.50 compared to Ksh 426.50 per share previously. There were other major price gains as well like Ksh 6 per share up by East African Breweries, Standard Chartered Bank's Ksh 3.50 per share rise ...

It was a trading day like no other at the Nigerian Stock Exchange on Friday February 8, 2019: A day of the rain of billions in traded value. In all, 5 listed companies recorded deals worth above N1 bn each so much so that traded value hit a new high of N12.209bn for equally superlative 723.796m shares in less tantalising 5752 deals. It is hard to compare the day's trading to Thursday levels for each of the three indicators. Then 4047 deals for 436.748m shares valued at N5.880bn was recorded as four day high in the week. Top 5 trade on Friday was paced by Zenith Bank in which day high 147.028m shares were offloaded for equally pacing N3.669bn in 662 deals while closing down N0.05 per share. Next was Guaranty Trust Bank with N2.825bn traded value from leading 840 deals involving 3rd ranked 72.749m shares while closing up N0.65 per share. Unilever Nigeria also ended in the above N1bn with N1.855bn from 50.146m shares traded in just 20 deals without much of a change in price. UBA too a...

When British American Tobacco closed up by Ksh 43 per share on Wednesday February 6, as rare offload took place, it sent ripples through the market. Now, come Thursday February 7 2019, BAT lost all those gains with a Ksh 55 per share tumble to close at Ksh 588 per share after day high of Ksh 640 and low of Ksh 578 per share. The reality was any where it touched during the day's down and up, represented decline from the Ksh 643 per share it scaled to on Wednesday in one leap. Traded volume grew from 33.255m on Wednesday (with good help from BAT) to 44.143m shares but this time with help from equally rare offload of 18.460m shares of Barclay's Bank. What the Barclay's lead trade could not do was drive traded value up as well the way BAT did previously. Traded value came to Ksh 967.020m compared to Ksh 2.522bn on Wednesday. But Barclay's did try to pace traded value because the offloaded shares went for Ksh 221m at between Ksh 11.90 and 12 per share. Alas, this was only en...

Since this week, it had been a dark tunnel of daily shrinking at the Ghana Stock Exchange but this was punctuated on Thursday by a rise in the Composite Index. The GCI  closed down each day since Monday after Friday's rally then on Thursday, February 7, it finally reversed trend by closing at 2502.17 from Wednesday's week low of 2484.10. This was as 5 price changes recorded led to only 1 closing down. The lone ranger, SIC Insurance, hit a new year low with GHs 0.19 per share, down GHs 0.01 on Wednesday's closing GHs 0.2 per share.  A total of 8600 of its shares were traded and the last deal was at the closing price although further drop seemed guaranteed because offer price eased further to GHs 0.18 per share on the same Thursday. Of the gainers, the leader was Trust Bank Ltd up GHs 0.03 per share during deals for 3000 shares as it closed at last deal price of GHs 0.26 per share compared to GHs 0.23 previously. Interestingly, on February 1, 2019, that is the first trading d...

On Thursday February 7, 2019 at the Nigerian stock exchange, as the All share index rose by 1.98% to 31,433.49, the question was why not be a higher percentage? It was a day to search for price drops even 13 of them were actually recorded compared to 24 gains.  The gainers not only overwhelmed the losers by share number, they did too in terms of price change and the number of top market capitalisation companies involved. No price decline was up to N0.50 per share while minimum top 5 price gain was above N1 pee share. To add to the pressure upwards on the ASI virtually every price loser was lightweight in terms of market capitalisation, the base statistics for the index. Nestlé Nigeria after going solo up N40 per share on Wednesday, paced price gains again on Thursday but this time, with N10 or 0.68% top up. While 17 deals were struck for 0.089m shares worth N136.522m, Nestle simply stuck to N1470 per share till the end as against N1460 per share previously. Guaranty Trust Bank then tra...