Kuwait: Monthly Report - April 2017

Transcription

1. Boursa Kuwait Monthly Report April 2017 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 the first month of the second quarter with a grouped loss to the three indices , affected by the continued correction action witnessed by the Boursa during the period since February and up to date, after the large gains recorded in January, which caused the three indices’ gains recorded since the beginning of the year to shrink rapidly. Moreover, the Price Index ended April’s trading recording a decrease of 2.65% after closing at 6,843.01 point, while the Weighted Index lost 1.20% after closing at 408.31 point level, and KSX-15 Index closed the month’s trading at 919.38 point, down by 1.55%. For the annual performance, the Price Index ended last month recording 19.05% annual gain compared to its closing in 2016, while the Weighted Index increased by 7.42%, and the KSX-15 recorded 3.88% growth. The market capitalization reached by the end of April around K.D. 27.08 billion, down by 0.13% compared to its level on March, where it was approximately K.D. 28.12. On an annual level, the increase of the market cap for the listed companies reached 6.58% from its value at end of 2016, where it was then around K.D. 25.41 billion. The Boursa witnessed such performance in light of a continued absence of the positive motivators, especially the ones related to the local economy, where such motivators may contribute in improving the traders’ morale and push the market upward and increase its liquidity to enhance the listed 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. companies ’ positions and positively be reflected on its stocks performance in the Boursa, as it is considered to be the real mirror that reflects the economy of any country. Also, the Boursa witnessed such performance amid a noticeable decrease in liquidity, where the total cash liquidity dropped during the month by 20.80% to reach K.D. 517.50 million, while the volume declined to reach 5.91 billion stock, down by 16.86%. Such decrease came in light of a weak purchasing operations in the market due to the traders’ watch for the listed companies’ results for the first quarter of the current year, where only 25 companies have disclosed its results out of 177 listed company in the primary market, realizing around K.D. 222.80 million net profit, and up by 13.34% compared to the same companies’ results for the same period of 2016, whereas its profits reached K.D. 196.57 million. Returning to Boursa Kuwait performance during the month of April, the three indices ended the month’s trading in the red zone affected by the selling trend that targeted many stocks being traded over the month, especially the ones that witnessed clear increases since the beginning of the year as a result to the awakening state witnessed by the Boursa. The Boursa recorded its losses in light of a decreased trading indicators during the month, on both levels, the volume and the value, compared to its levels in the previous month, where the value dropped by 12.88% reaching K.D. 25.87 million, and the volume decreased by 8.55% reaching 295.35 million stock. 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. Price Index The Price Index witnessed a fluctuated performance with downward trend during the daily sessions of the month of April , where it decreased in 12 days out of 20 trading day of the month. The Index initiated the month’s trading recording slight losses in the first two sessions, within 0.5%, breaking the 7,000 point level down, before it could increase in the next two sessions to compensate its thousand level once again, and closing at 7,059.61 point on 5th April session, its highest level during the month. However, the Index witnessed during the period from 6th April to 19th April a performance with down trend, losing during such period its 7,000 point level once again, to close at 6,788.03 point, its lowest closing level during the month, where its monthly losses reached 3.43%. Moreover, the Index was able during the rest of the month’s sessions to compensate part of its losses to end April with monthly loss of 2.65%. Weighted Index The Weighted Index performance during April was weak in general, whereas it recorded losses in 11 days out of 20 trading day of the month. The Index witnessed positive performance during the first third of the month which enabled it to realize good gains until 11th April session, which ended it at 422.01 point level, its highest closing level during the month, reaching 2.11% 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. monthly gains . However, the Index witnessed a noticeable decline wave during the period from 12th April to 25th April, losing all its gains recorded since the beginning of the month to close at 405.05 point, its lowest closing level of the month. Moreover, the Index was able to increase during the last two sessions of the month, compensating a small part of its monthly losses which reached by the end of the month 1.20%. KSX-15 Index The KSX-15 Index’s performance did not differ much from its peers, as it declined in 12 sessions out of 20 sessions witnessed during the month. The Index initiated April’s trading with an upward direction that continued until 9th April session to end it at 959.88 point, its highest level of the month. However, the decline wave started during the period of 10th April until one session before the end of the month, affected by the profit collection operations executed on most of the heavy stocks that the Index is composed of, to end the session of 26th April at 910.69 point, its lowest level of the month. The Index was able thereafter to record good increase in the last session of the month, compensating a part of its monthly losses, which reached by the end of April to around 1.55%. 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. Sectors ’ Indices Three of KSE’s sectors ended last month in the green zone, while the other Nine recorded decreases. Last month’s highest gainer was the Oil & Gas sector, achieving 11.62% growth rate as its index closed at 1,053.66 points. Whereas, in the second place, the Banks sector’s index closed at 942.78 points recording 0.48% increase. The Industrial sector was the least growing as its index closed at 1,788.80 points with a 0.26% increase. On the other hand, Technology sector headed the losers list as its index declined by 12.98% to end the month’s activity at 690.17 points. The Health Care sector was second on the losers’ list, which index declined by 11.86%, closing at 1,340.72 points, followed by the Real Estate sector, as its index 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. closed at 996 .89 points at a loss of 6.97%. The Consumer Services sector was the least declining as its index closed at 920.47 points with a 1.96% decrease. Sectors’ Activity The Real Estate sector dominated a total trade volume during the last month of 2.40 billion shares changing hands, representing 40.65% of the total market trading volume. The Financial Services sector was second in terms of trading volume as the sector’s traded shares were 34.86% of last month’s total trading volume, with a total of 2.06 billion shares On the other hand, the Financial Services sector’s stocks were the highest traded in terms of value; with a turnover of K.D. 141.33 million or 27.31% of last month’s total market trading value. The Real Estate sector took the 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
8. second place as the sector ’s last month turnover of K.D. 138.69 million representing 26.80% of the total market trading value. 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 8