NSE ends higher driven by gains in the banking and consumer goods sectors

Wednesday, 10 August 2016 | Nigeria Surveillance

The NSE All-Share index rose 0.6% steered by advances in the banking and consumer goods sectors. World stock markets traded mostly in negative territory on thin trading volumes.

  • The Nikkei 225 index fell 0.2%, reversing its previous session gains, amid strength in the Japanese Yen. Earlier in the session, data revealed that Japanese machinery orders rose at a better pace than expected in June. The Shanghai Composite index also declined 0.2% with the property and financial sectors being the biggest decliners. European stocks traded lower due to another round of mixed earnings from leading corporates. US markets opened higher with traders assessing crude oil prices.
  • The NSE All-Share index advanced 0.6% to close at 27,421.8 with the banking and consumer goods sectors leading gains across the board.
  • Among the advancers, Ikeja Hotel advanced 5.0% while UACN Property Development and International Breweries jumped 4.8% and 4.6% respectively. On the downside, 7 UP Bottling and Chemical and Allied Products both plunged 9.7% each.
  • On the sector front, the banking and consumer goods indices rose 0.8% and 0.7% respectively while the insurance and industrial indices gave up 0.2% and 0.04% respectively.
  • The Nigerian Naira strengthened 0.2% to trade at 321.8 against the US dollar. The greenback traded lower against most of the major currencies. Macroeconomic data showed that the number of mortgage applications in the US rose for the first time in four weeks in the week ending August 5th.
  • At 14:45 Brent crude rose 0.6% to settle at $45.2/bl after the OPEC forecast higher demand for crude oil next year as the global surplus fades. Separately, traders look forward to the EIA’s weekly US crude stockpiles data, slated for release in a short while. Gold prices advanced 0.8% to close at $1,351.1 on the back of a broad weakness in the greenback. Meanwhile, copper added 1.9% to trade at $219.1/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Ikeja Hotel (86) 5.0% -3.1%
UACN Property Development (68) 4.8% -2.5%
International Breweries (24) 4.6% -4.6%
Dangote Flour Mills (46) 4.5% -12.8%
Wema Bank (37) 2.9% -16.7%
Okomu Oil Palm (32) 2.9% 16.1%
GlaxoSmithKline Consumer Nigeria (44) 2.8% -11.0%
Custodian and Allied Insurance (42) 2.6% 0.0%
Nigerian Breweries (2) 2.0% 2.3%
Access Bank (10) 1.8% 1.8%
Total Nigeria (17) 1.7% 32.2%
Stanbic IBTC Hldgs. (13) 1.7% -18.7%
Ecobank Transnational (8) 1.7% -20.8%
United Capital (49) 1.3% -3.2%
Guaranty Trust Bank (3) 1.2% 5.6%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
7 UP Bottling (19) -9.7% -24.1%
Chemical and Allied Products (39) -9.7% -4.6%
Honeywell Flour Mill (52) -7.6% -5.6%
Fidson Healthcare (99) -4.8% -17.7%
MAY & Baker Nigeria (137) -4.4% -9.2%
Livestock Feeds (119) -4.1% -8.8%
AIICO Insurance (77) -2.9% -10.8%
Diamond Bank (33) -2.9% -34.3%
Skye Bank (57) -2.9% -23.0%
PZ Cussons Nigeria (18) -2.8% -17.4%
Transnationalrp of Nigeria (26) -2.5% -26.9%
NEM Insurance (81) -2.4% -20.8%
Dangote Sugar Refinery (16) -1.9% 2.5%
Sterling Bank (31) -1.7% -17.4%
FCMB Group (40) -1.5% -9.9%
Name Last Price 1D % Chg. 1M % Chg. Value**
Guaranty Trust Bank 24.3 up 1.2% 5.6% 2.0
FBN Hldgs. 3.3 0.0% -12.7% 0.2
Total Nigeria 240.0 up 1.7% 30.1% 0.2
Access Bank 5.6 up 1.8% 1.8% 0.2
United Bank for Africa 4.5 up 0.9% 0.7% 0.1
Nestle Nigeria 825.0 up 0.6% -2.9% 0.1
Zenith Bank 16.0 0.0% 3.6% 0.1
Nigerian Breweries 133.0 up 2.0% 2.2% 0.1
Wapic Insurance 0.5 0.0% 4.0% 0.04
Guinness Nigeria 95.0 0.0% -3.0% 0.02
Metals Last Price 1D % Chg. 1M % Chg.
Palladium Spot ($/oz) 728.2 up 4.9% 18.4%
Platinum Spot ($/oz) 1,176.5 up 2.3% 7.3%
Silver Spot ($/oz) 20.3 up 2.1% -0.01%
Comex Copper($/lb) 219.1 up 1.9% 3.4%
Gold Spot ($/oz) 1,351.1 up 0.8% -1.1%
Energy Last Price 1D % Chg. 1M % Chg.
Heating Oil($/gal) 134.5 up 1.1% -4.8%
Brent($/bl) 45.2 up 0.6% -3.3%
WTI($/bl) 42.9 up 0.4% -5.5%
RBOB Gasoline($/gal) 135.0 up 0.3% -1.5%
Ethanol($/gal) 1.4 0.0% -10.5%
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