NSE ends lower following declines in the consumer goods and oil & gas sectors

Monday, 8 August 2016 | Nigeria Surveillance

The NSE All-Share index fell 0.1%, led by losses in the consumer goods and oil & gas sectors. Global stocks traded in positive territory, taking their cues from last week’s upbeat US jobs data, that improved the outlook for accelerated growth in the world’s largest economy.

  • The Nikkei 225 index rebounded 2.4% due to advances in the machinery and insurance sectors as the Japanese Yen weakened. The Shanghai Composite index rose by 0.9% as the energy sector rallied, following an increase in coal prices in China. At a macro level, the latest data revealed that Chinese exports declined on an annual basis in July amid weak global demand. European stocks mostly traded higher, buoyed by gains in the mining and banking sectors. In economic news, German industrial output topped market expectations in June. US markets opened higher, extending the previous session gains.
  • The NSE All-Share index declined 0.1% to close at 27,395.0, with the consumer goods and oil & gas sectors incurring the greatest losses across the board.
  • On the sector front, the banking and insurance indices rose 1.3% and 0.6% respectively, while the consumer goods and oil & gas indices fell by 1.1% and 0.5%, respectively.
  • Among the advancers, FCMB Group jumped 5.5%, while Dangote Sugar Refinery and NPF Microfinance Bank rose 5.0% and 4.4%, respectively. On the downside, Flour Mills of Nigeria plunged 9.0%, while Dangote Flour Mills and Total Nigeria declined 5.3% and 5.0%, respectively.
  • The Nigerian Naira weakened by 0.1% to trade at 317.0 against the US dollar. The greenback saw mixed trading against most of the major currencies.
  • At 14:45 Brent crude rose 1.5% to settle at $44.9/bl, despite Baker Hughes data showing that the US oil rig count rose by 7 to 381 last week. Gold prices declined 0.1% to close at $1,333.8, amid a broad rally in global equity markets. Meanwhile, copper added 0.6% to trade at $216.7/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
FCMB Group (41) 5.5% -5.6%
Dangote Sugar Refinery (17) 5.0% 7.2%
NPF Microfinance Bank (114) 4.4% -21.0%
AIICO Insurance (77) 4.4% -4.1%
Airline Services and Logistics (132) 3.8% 19.2%
Guaranty Trust Bank (3) 3.6% 4.1%
Law Union & Rock Insurance (118) 3.5% -4.8%
SEPLAT Petroleum Development (13) 3.1% -24.2%
Access Bank (10) 2.2% 1.8%
Livestock Feeds (119) 2.1% -3.9%
Continental Reinsurance (55) 2.0% -11.3%
Vitafoam Nigeria (94) 1.4% -19.9%
United Bank for Africa (9) 0.9% 2.0%
Lafarge Africa (6) 0.7% -19.1%
AXA Mansard Insurance (44) 0.5% -7.5%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Flour Mills of Nigeria (25) -9.0% -7.0%
Dangote Flour Mills (45) -5.3% -13.2%
Total Nigeria (16) -5.0% 26.7%
MRS Nigeria (54) -5.0% 17.0%
Berger Paints Nigeria (111) -5.0% -5.2%
Custodian and Allied Insurance (42) -4.8% -2.6%
Honeywell Flour Mill (50) -4.4% 7.0%
Stanbic IBTC Hldgs. (12) -4.3% -19.9%
Africa Prudential Registrars (74) -4.0% -14.2%
Oando (20) -3.1% -29.2%
Skye Bank (57) -2.9% -21.8%
Ecobank Transnational (8) -2.4% -21.8%
Nigerian Breweries (2) -2.3% -0.01%
United Capital (49) -1.6% -2.8%
Cement Northern Nigeria (58) -0.8% -5.6%
Name Last Price 1D % Chg. 1M % Chg. Value**
7 UP Bottling 119.5 down -0.6% -19.0% 0.3
Zenith Bank 16.0 down -0.1% 4.1% 0.1
SEPLAT Petroleum 250.0 up 3.1% -22.8% 0.1
FBN Hldgs. 3.3 down -0.3% -12.7% 0.1
Total Nigeria 230.0 down -5.0% 26.7% 0.1
Access Bank 5.6 up 2.2% 1.8% 0.1
Guaranty Trust Bank 24.0 up 3.6% 4.1% 0.1
Nigerian Breweries 130.0 down -2.3% -0.01% 0.1
Dangote Cement 180.0 0.0% -7.0% 0.04
Guinness Nigeria 95.0 0.0% -5.0% 0.03
Metals Last Price 1D % Chg. 1M % Chg.
Comex Copper($/lb) 216.7 up 0.6% 2.3%
Platinum Spot ($/oz) 1,148.0 up 0.5% 4.7%
Silver Spot ($/oz) 19.8 up 0.5% -2.5%
Palladium Spot ($/oz) 693.7 down -0.1% 12.7%
Gold Spot ($/oz) 1,333.8 down -0.1% -2.4%
Energy Last Price 1D % Chg. 1M % Chg.
WTI($/bl) 42.6 up 1.9% -6.2%
Heating Oil($/gal) 133.7 up 1.5% -5.3%
Brent($/bl) 44.9 up 1.5% -3.9%
RBOB Gasoline($/gal) 138.6 up 0.7% 1.1%
Ethanol($/gal) 1.4 down -0.3% -11.3%
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