NSE ends lower led by weakness in the oil & gas and banking sectors

Tuesday, 9 August 2016 | Nigeria Surveillance

The NSE All-Share index fell 0.5% on the back of losses in the oil & gas and banking sectors. Global stocks traded in positive territory after softer Chinese consumer prices fueled expectations of more stimulus policies in the world’s second largest economy.

  • The Nikkei 225 index rose 0.7% due to strong gains in the financial and telecom sectors. The Shanghai Composite index also advanced 0.7%, extending its previous session gains, after China’s annual consumer prices rose in July, in line with market forecasts. However, the increase was less rapid in July than in June. European stocks traded higher as a number of corporate earnings beat expectations. Macroeconomic data showed that Germany’s trade surplus widened in June, although exports grew less than anticipated. US markets opened higher amid a rise in crude oil prices.
  • The NSE All-Share index declined 0.5% to close at 27,272.1 with the oil & gas and banking sectors leading losses across the board.
  • On the sector front, all the indices on the NSE traded in red with the oil & gas and banking indices leading losses at 1.1% and 0.6% respectively.
  • Among the advancers, Wapic Insurance advanced 4.0% while Total Nigeria and Skye Bank rose 2.6% and 1.5% respectively. On the downside, Sterling Bank plunged 9.4% while MRS Nigeria and Mobil Nigeria declined 5.0% each.
  • The Nigerian Naira strengthened 0.1% to trade at 320.0 against the US dollar. The greenback traded mixed against most of the major currencies.
  • At 14:45 Brent crude rose 0.3% to settle at $45.5/bl after the OPEC said an “informal meeting” between member countries will take place in Algeria next month to stabilize crude oil prices. Additionally, traders look forward to the API’s weekly US crude oil inventory data slated for release in a few hours. Gold prices advanced 0.3% to close at $1,339.7. Meanwhile, copper fell 1.1% to trade at $214.0/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Wapic Insurance (66) 4.0% 4.0%
Total Nigeria (17) 2.6% 30.0%
Skye Bank (57) 1.5% -20.7%
FBN Hldgs. (15) 0.3% -12.5%
Nigerian Breweries (2) 0.2% 0.2%
Guaranty Trust Bank (3) 0.2% 4.3%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Sterling Bank (31) -9.4% -15.9%
MRS Nigeria (55) -5.0% 11.1%
Mobil Nigeria (22) -5.0% 0.4%
International Breweries (24) -5.0% -8.8%
Berger Paints Nigeria (114) -5.0% -9.9%
Fidson Healthcare (97) -4.6% -13.5%
Airline Services and Logistics (132) -4.6% 13.7%
Honeywell Flour Mill (50) -4.6% 2.1%
AIICO Insurance (76) -4.2% -8.1%
Dangote Flour Mills (46) -3.9% -16.5%
NEM Insurance (81) -3.5% -18.8%
Transnationalrp of Nigeria (26) -3.2% -25.0%
SEPLAT Petroleum Development (12) -3.2% -26.7%
FCMB Group (38) -3.0% -8.5%
Wema Bank (36) -2.9% -19.0%
Name Last Price 1D % Chg. 1M % Chg. Value**
Guaranty Trust Bank 24.0 up 0.2% 4.3% 0.7
Zenith Bank 16.0 down -0.1% 3.6% 0.3
FBN Hldgs. 3.3 up 0.3% -12.5% 0.2
Total Nigeria 236.0 up 2.6% 30.6% 0.2
United Bank for Africa 4.5 down -2.2% -0.2% 0.2
Access Bank 5.5 down -1.8% 0.0% 0.1
Nigerian Breweries 130.3 up 0.2% 0.2% 0.1
Wapic Insurance 0.5 up 4.0% 0.0% 0.1
Guinness Nigeria 95.0 0.0% -5.0% 0.1
Mobil Nigeria 169.7 down -5.0% 0.6% 0.03
Metals Last Price 1D % Chg. 1M % Chg.
Gold Spot ($/oz) 1,339.7 up 0.3% -2.0%
Silver Spot ($/oz) 19.8 up 0.3% -2.4%
Platinum Spot ($/oz) 1,150.4 up 0.1% 4.9%
Palladium Spot ($/oz) 688.0 down -0.3% 11.8%
Comex Copper($/lb) 214.0 down -1.1% 1.0%
Energy Last Price 1D % Chg. 1M % Chg.
WTI($/bl) 43.3 up 0.7% -4.6%
Heating Oil($/gal) 134.9 up 0.4% -4.5%
Brent($/bl) 45.5 up 0.3% -2.6%
Ethanol($/gal) 1.4 0.0% -10.1%
RBOB Gasoline($/gal) 135.4 down -0.6% -1.2%
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