Boursa Kuwait Monthly Report - April 2018

Transcription

1. Boursa Kuwait Monthly Report April 2018 Disclaimer : This report is prepared and issued by the Studies & Research Department at Bayan Investment Company, based on the available and published information and any other reliable sources, for publishing purposes only. This report is not an offer or recommendation to buy or sell any security or stock mentioned herein. However maximum care measurements have been taken to guaranty correct presented data, neither Bayan Investment Company nor any of its employees shall hold in any way responsible for insufficient or inaccurate information. Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 1
2. Boursa Kuwait ended April in the red zone . The Premier Market Index closed at 4,778.66 points, down by 4.43%, the Main Market Index decreased by 3.30% after closing at 4,834.90 points, whereas the All-Share Index closed at 4,799.05 points down by 4.02%. Furthermore, last month's average daily turnover increased by 5.94%, compared to the preceding week, reaching K.D 11.47 million, whereas trading volume average was 64.22 million shares, recording an increase of 16.63%. Boursa Kuwait witnessed at beginning of April the launch of the Market Development 2, by dividing the Market into three markets (Premier, Main, Auction), in addition to implementing new performance measuring tools, recategorizing the different market sectors, and distributing the listed companies per sectors according to its operational activity. The Boursa received the market segmentation event with a negative performance affected by the confusion state that took over many traders’ as a result to the vagueness that surrounded the market after applying the new segmentation, which pushed many of them to refrain from trading temporarily until the vision clears around the new system. The Boursa ended April’s trading with noticeable losses for its new indices (Premier, Main, All-Share), due to the selling pressures witnessed during most of the daily sessions of the month, which included many listed stocks, especially the heavy stocks listed on the Premier Market, which acquired the largest share of the total cash liquidity. The Market witnessed such Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 2
3. performance in light of a semi-absence of the positive motivators that would enhance the purchasing operations and contributing into increasing the liquidity , in addition to the outside effects of the political turbulence of the region, especially in the first half of the month. On the other hand, the market capitalization of the Boursa dropped during the last month by 6.78%, after reaching K.D. 25.97 billion, compared to its level on March, where it reached K.D. 27.86 billion. (Note: The market cap of the listed companies in the official Market is calculated based on the weighted average number of outstanding shares as per the latest available official financial statements). The Premier Market Index The Premier Market Index ended April’s trading activity with a loss of 4.43%, after declining in 11 session out of 21 session during the month. The Index started the first session with a negative performance and continued in recording losses for five consecutive sessions, as its losses reached since the beginning of the month about 4.13%. However the index was able to increase in the second session to compensate the previous session’s losses; it returned quickly to drop until it reached 4,765.63 point on 12th April session, its lowest closing level in the month, losing around 4.69% for the month. The Premier Market Index witnessed on the second half of the month a fluctuated performance, however, it could not succeed in compensating its previous losses, except a small part of it, to end the month at 4,778.66 point, down by 4.43% compared to its opening level at the new market segmentation. Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 3
4. The Main Market Index The negative performance took over the Main Market Index ’s performance during the daily sessions of April, as it declined in 11 session out of 21 trading session during the month. The Index initiated the month’s trading with a decrease over three consecutive sessions, before it witness during the period from 4th April to 24th April a fluctuated performance with a general downward trend, to reach 4,780.24 point, its lowest closing level in the month. The Index was able thereafter to record some gains in the remaining sessions of the month, however it was not enough to compensate its previous losses, but lightened it to a certain extent, to end the month’s trading at 4,848.91 point, down by 3.30% compared to its opening level at new market segmentation. All-Share Index The performance of the Premier Market Index and the Main Market Index was reflected on the All-Share Index in general, as it ended the month recording a loss of 4.02%, after it closed at 4,799.05 point. The Index’s performance did not differ much from its peers indices, as declines over controlled its performance during the last month, where it dropped in 14 session out of 21 session. The All-Share Index witnessed a noticeable downward performance, which pushed it to reach its lowest closing level in the x-closing session of the month, where it ended at 4,781.80 point, with a monthly losses of 4.36%, before it was able to realize some gains on the last Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 4
5. session of the month , to end it at 4,799.05 point, down by 4.02%, compared to its opening level at the new market segmentation. 20,000,000 5,000 18,000,000 4,975 16,000,000 4,950 14,000,000 4,925 12,000,000 4,900 10,000,000 4,875 8,000,000 4,850 6,000,000 4,825 4,000,000 4,800 2,000,000 4,775 0 4,750 Value (K.D.) All-Share Index (PR) Sectors’ Indices Nine of Boursa Kuwait’s sectors ended last month in the red zone, while the other three recorded increases. The Telecommunications sector headed the losers list as its index declined by 17.90% to end the month’s activity at 821.02 points. The Consumer Goods sector was second on the losers’ list, which index declined by 10.35%, closing at 896.55 points, followed by the Insurance sector, as its index closed at 930.76 points at a loss of 6.92%. The Health Care sector was the least declining as its index closed at 996.33 points with a 0.37% decrease. Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 5
6. On the other hand , last month’s highest gainer was the Consumer Services sector, achieving 5.87% growth rate as its index closed at 1,058.65 points. Whereas, in the second place, the Basic Materials sector’s index closed at 1,054.42 points recording 5.44% increase. The Technology sector was the least growing as its index closed at 1,012.66 points with a 1.27% increase. Sectors’ Activity The Financial Services sector dominated a total trade volume during the last month of 419.49 million shares changing hands, representing 31.11% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 22.28% of last month’s total trading volume, with a total of 300.44 million shares Monthly Trading "Volume" 1.87% 1.51% 0.10% 2.08% 0.01% 4.83% 0.02% 6.31% 31.11% 7.90% 21.99% 22.28% FINANCIAL SERVICES REAL ESTATE BANKS CONSUMER SERVICES INDUSTRIALS TELECOMMUNICATIONS OIL & GAS CONSUMER GOODS BASIC MATERIALS INSURANCE TECHNOLOGY HEALTH CARE On the other hand, the Banks sector’s stocks were the highest traded in terms of value; with a turnover of K.D. 115.16 million or 47.82% of last month’s Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 6
7. total market trading value . The Industrial sector took the second place as the sector’s last month turnover of K.D. 14.43 million representing 34.75% of the total market trading value. Monthly Trading "Value" 2.63% 0.36% 0.09% 5.14% 0.01% 0.04% 5.23% 5.91% 9.06% 47.82% 9.29% 14.43% BANKS INDUSTRIALS FINANCIAL SERVICES TELECOMMUNICATIONS REAL ESTATE CONSUMER SERVICES BASIC MATERIALS CONSUMER GOODS OIL & GAS INSURANCE HEALTH CARE TECHNOLOGY For further details, please visit our web site: www.bayaninvest.com Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 7