NSE ends lower on the back of declines in the consumer goods and insurance sectors

Friday, 12 August 2016 | Nigeria Surveillance

The NSE All-Share index fell 0.1%, steered by losses in the consumer goods and insurance sectors. Global stocks wavered between gains and losses on mixed sets of economic data worldwide.

  • The Nikkei 225 index rose 1.1% as the Yen weakened, while the financial and retail sectors were among the top gainers. The Shanghai Composite index rebounded 1.6%, reversing its previous session losses. Early morning data showed that China’s annual retail sales growth slowed sharply in July, underlining the country’s slowing economy. European stocks traded in the red following varied economic data across the common currency region. Data showed that the Eurozone’s Q2 GDP expanded in line with market expectations on a quarterly basis, while German growth was slightly above expectations, at 0.4% for the same quarter. Additionally, Eurozone’s industrial production saw a hike on a monthly basis in June. US markets opened lower, led by disappointing retail sales data.
  • The NSE All-Share index declined 0.1% to close at 27,247.0 with the consumer goods and insurance sectors leading losses across the board.
  • On the sector front, the industrial and oil & gas indices rose by 1.9% and 0.4%, respectively, while the consumer goods and insurance indices were down by 0.6% and 0.5%, respectively.
  • Among the advancers, 7 UP Bottling advanced 6.3%, while Lafarge Africa and AIICO Insurance jumped 6.1% and 4.5%, respectively. On the downside, Chemical and Allied Products plunged 9.5% while Pharma-Deko and Champion Breweries declined 8.4% and 5.0%, respectively.
  • The Nigerian Naira strengthened 0.8% to trade at 311.3 against the US dollar. The greenback traded lower against most of the major currencies after US retail sales data unexpectedly came in flat in July, as Americans cut back on purchases of clothing and other goods.
  • At 14:45 Brent crude rose 0.4% to settle at $46.2/bl, ahead of Baker Hughes’ weekly US oil rig count data, due to be released in a few hours. Gold prices advanced 0.9% to close at $1,350.8, due to weakness in the greenback. Meanwhile, copper shed 1.5% to trade at $215.7/lb.

NB. Today’s report is the final report before the surveillance is discontinued from Monday, 15th August onwards. To learn more about Fairvue Partners’ bespoke reporting solutions, please contact us at contact@fairvuepartners.com.

Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
7 UP Bottling (21) 6.3% -23.2%
Lafarge Africa (6) 6.1% -13.3%
AIICO Insurance (78) 4.5% -7.9%
AG Leventis (104) 4.3% 0.0%
Vitafoam Nigeria (96) 4.3% -18.7%
NPF Microfinance Bank (111) 4.1% 2.0%
GlaxoSmithKline Consumer Nigeria (43) 2.7% 1.2%
Total Nigeria (17) 1.7% 31.7%
Oando (22) 1.5% -21.5%
NEM Insurance (81) 1.3% -20.0%
Guaranty Trust Bank (3) 1.0% 1.0%
Flour Mills of Nigeria (25) 0.9% -7.0%
Custodian and Allied Insurance (41) 0.3% -2.3%
Fortis Microfinance Bank (50) 0.0% 0.0%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Chemical and Allied Products (42) -9.5% -18.0%
Pharma-Deko (161) -8.4% -4.1%
Champion Breweries (34) -5.0% -9.7%
Continental Reinsurance (54) -4.9% -12.6%
Ikeja Hotel (85) -4.8% -7.7%
Sterling Bank (32) -4.6% -23.0%
Academy Press (160) -4.5% -8.7%
Skye Bank (57) -4.5% -12.3%
FBN Hldgs. (15) -4.0% -15.1%
Wapic Insurance (64) -3.8% 0.0%
Eterna (88) -3.7% -1.2%
Zenith Bank (5) -1.9% -6.8%
Transnational Corp of Nigeria (26) -1.7% -23.1%
Diamond Bank (36) -1.7% -38.5%
Honeywell Flour Mill (52) -1.4% 5.2%

 

Name Last Price 1D % Chg. 1M % Chg. Value**
Guaranty Trust Bank 24.3 up 1.0% 1.0% 0.6
Zenith Bank 15.3 down -1.9% -6.8% 0.1
Access Bank 5.6 down -0.2% -0.5% 0.1
Diamond Bank 1.2 down -1.7% -37.5% 0.1
Chemical and Allied Products 28.7 down -9.6% -18.1% 0.1
Nigerian Breweries 130.5 down -1.1% -2.6% 0.05
Nestle Nigeria 820.0 down -0.6% -3.2% 0.04
United Bank for Africa 4.4 down -0.9% -6.2% 0.04
Dangote Cement 180.0 down -0.1% -5.7% 0.03
Total Nigeria 239.0 up 1.7% 30.0% 0.03
Metals Last Price 1D % Chg. 1M % Chg.
Silver Spot ($/oz) 20.1 up 1.1% 0.1%
Gold Spot ($/oz) 1,350.8 up 0.9% 1.5%
Palladium Spot ($/oz) 690.0 up 0.4% 10.5%
Platinum Spot ($/oz) 1,139.5 up 0.2% 4.9%
Comex Copper($/lb) 215.7 down -1.5% -2.4%
Energy Last Price 1D % Chg. 1M % Chg.
WTI($/bl) 43.8 up 0.8% -6.3%
Brent($/bl) 46.2 up 0.4% -4.6%
Ethanol($/gal) 1.4 0.0% -11.0%
Heating Oil($/gal) 138.0 down -0.4% -5.7%
RBOB Gasoline($/gal) 135.2 down -0.7% -5.4%
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