NSE ends lower following declines in the banking and industrial sectors

Thursday, 11 August 2016 | Nigeria Surveillance

The NSE All-Share index fell 0.5% led by losses in the banking and industrial sectors. Global stock markets traded mixed amid volatility in crude oil prices following the International Energy Agency’s (IEA) monthly report indicating easing crude oversupply concerns during the second half of this year.

  • The Japanese markets remained closed on account of a public holiday while the Shanghai Composite index declined 0.5%, extending its previous session losses. European stocks traded mixed with investors assessing corporate earnings reports. US markets opened higher as upbeat economic data and a rebound in oil prices enhanced investor sentiments.
  • The NSE All-Share index declined 0.5% to close at 27,281.0 with the banking and industrial sectors leading losses across the board.
  • Among the advancers, Honeywell Flour Mill gained 7.5% while International Breweries and Wema Bank jumped 5.9% and 4.3% respectively. On the downside, Diamond Bank plunged 9.1% while PZ Cussons Nigeria and Chemical and Allied Products both declined 5.0% each.
  • On the sector front, the banking and industrial indices gave up 1.7% and 1.1% respectively. All the indices on the NSE traded in negative territory except the insurance index which rose marginally.
  • The Nigerian Naira remained flat to trade at 320.3 against the US dollar. The greenback traded mixed against its major peers. Macroeconomic data showed that the number of people filing for fresh unemployment benefits in the US dropped to 266K last week, indicating a solid US labor market.
  • At 14:45 Brent crude rose 0.8% to settle at $44.4/bl, after the IEA in its monthly report projected that global production of crude oil will ease by almost one million barrels a day from July through September. Meanwhile, reports came in that militants blew up another crude pipeline in Nigeria’s Niger Delta. Gold prices declined 0.1% to close at $1,345.3 while copper added 0.5% to trade at $218.1/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Honeywell Flour Mill (52) 7.5% 6.7%
International Breweries (23) 5.9% 5.3%
Wema Bank (36) 4.3% -8.8%
Africa Prudential Registrars (74) 4.2% -11.0%
Dangote Flour Mills (46) 4.1% -5.7%
Airline Services and Logistics (132) 3.9% 18.9%
NPF Microfinance Bank (111) 3.2% -6.7%
Stanbic IBTC Hldgs. (13) 3.0% -11.9%
Fidson Healthcare (100) 1.7% -12.6%
Forte Oil (7) 1.6% -1.4%
AIICO Insurance (78) 1.5% -8.2%
NASCON Allied Industries (45) 1.3% 0.7%
Guinness Nigeria (11) 0.8% -5.2%
UAC of Nigeria (30) 0.2% 0.2%
Dangote Cement (1) 0.1% -5.8%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Diamond Bank (33) -9.1% -35.1%
PZ Cussons Nigeria (18) -5.0% -20.5%
Chemical and Allied Products (41) -5.0% -9.3%
Oando (20) -4.9% -27.2%
7 UP Bottling (19) -4.9% -27.8%
Vitafoam Nigeria (94) -4.4% -24.5%
Sterling Bank (32) -4.4% -22.1%
Fidelity Bank (34) -3.9% -13.2%
Livestock Feeds (122) -3.2% -13.5%
Ecobank Transnational (8) -2.6% -22.8%
Lafarge Africa (6) -2.5% -17.0%
Zenith Bank (5) -2.5% -1.7%
FCMB Group (39) -2.3% -9.4%
Total Nigeria (16) -2.1% 29.5%
Transnational Corp of Nigeria (26) -1.7% -20.7%
Name Last Price 1D % Chg. 1M % Chg. Value**
Guaranty Trust Bank 24.0 down -1.2% -0.4% 1.0
Zenith Bank 15.6 down -2.5% -1.7% 0.6
Access Bank 5.6 down -0.4% 3.3% 0.2
Lafarge Africa 50.2 down -2.5% -10.6% 0.1
Stanbic IBTC Hldgs. 13.9 up 3.0% -14.0% 0.1
Nestle Nigeria 825.0 0.0% -3.2% 0.1
Total Nigeria 235.0 down -2.1% 29.5% 0.1
Nigerian Breweries 131.9 down -0.8% 0.9% 0.1
United Bank for Africa 4.4 down -1.1% -3.7% 0.05
Diamond Bank 1.2 down -9.1% -35.1% 0.03
Metals Last Price 1D % Chg. 1M % Chg.
Comex Copper($/lb) 218.1 up 0.5% 1.6%
Silver Spot ($/oz) 20.1 up 0.1% -0.9%
Gold Spot ($/oz) 1,345.3 down -0.1% -0.7%
Platinum Spot ($/oz) 1,161.8 down -0.9% 5.7%
Palladium Spot ($/oz) 709.6 down -1.9% 14.2%
Energy Last Price 1D % Chg. 1M % Chg.
Heating Oil($/gal) 133.5 up 1.2% -5.8%
Brent($/bl) 44.4 up 0.8% -4.0%
WTI($/bl) 42.0 up 0.7% -6.2%
Ethanol($/gal) 1.4 0.0% -10.3%
RBOB Gasoline($/gal) 130.0 down -0.1% -6.1%
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