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NSE ends lower following weakness in the consumer goods sector

Monday, 1 August 2016Nigeria Surveillance

The NSE All-Share index fell 0.6% led by losses in the consumer goods sector. Global stock markets drifted lower at the start of the month following mixed manufacturing activity data across the globe.

  • The Nikkei 225 index rose 0.4%, buoyed by gains in the banking sector. Early morning data indicated that Japanese manufacturing activity declined in July, albeit at a pace slower than in the previous month. The Shanghai Composite index declined 0.9% following China’s official manufacturing PMI which contracted more than anticipated in July, indicating that pressure on the nation’s economic growth persists. European stocks traded in red with the banking sector losing the most. Macroeconomic data showed that the Eurozone’s manufacturing growth moderated in July, increasing pressure on the European Central Bank to loosen monetary policy again. US markets opened mixed due to lower crude oil prices.
  • The NSE All-Share index declined 0.6% to close at 27,843.0 with the consumer goods sector leading losses across the board.
  • On the sector front, all the indices across the NSE traded in negative territory with the consumer goods and industrial indices leading the losses, declining by 1.9% and 0.2% respectively.
  • Among the advancers, Total Nigeria surged 10.2% while Airline Services and Logistics and Flour Mills of Nigeria jumped 9.4% and 6.4% respectively. On the downside, Oando plunged 9.5% while Transnational Corp of Nigeria and PZ Cussons Nigeria declined 9.2%and 5.4% respectively.
  • The Nigerian Naira weakened 0.6% to trade at 320.0 against the US dollar. The greenback traded higher against most of its major peers after data showed that the US Markit manufacturing PMI rose to 52.9 in July, signaling improving business conditions in the nation.
  • At 14:45 Brent crude dipped 1.5% to settle at $42.9/bl after Baker Hughes on Friday reported that US oil rig count rose by 3 to 374 last week, supporting the ongoing global supply glut. Gold prices declined 0.2% to close at $1,348.2 amid a stronger greenback. Meanwhile, copper added 0.3% to trade at $222.6/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Total Nigeria (23) 10.2% 5.3%
Airline Services and Logistics (138) 9.4% 2.2%
Flour Mills of Nigeria (26) 6.4% -4.7%
Dangote Flour Mills (43) 5.4% 1.2%
Honeywell Flour Mill (50) 5.3% -0.6%
Okomu Oil Palm (34) 4.0% 9.4%
Pharma-Deko (161) 2.9% 4.7%
Livestock Feeds (123) 2.2% -17.0%
United Bank for Africa (10) 2.0% 0.7%
Diamond Bank (31) 1.9% -29.6%
NASCON Allied Industries (46) 1.2% 2.9%
Unilever Nigeria (14) 1.0% 5.3%
Guaranty Trust Bank (3) 1.0% 4.7%
FCMB Group (37) 0.7% -10.2%
Custodian and Allied Insurance (42) 0.3% -1.2%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Oando (20) -9.5% -24.2%
Transnational Corp of Nigeria (25) -9.2% -32.8%
PZ Cussons Nigeria (18) -5.4% -23.5%
Cutix (131) -5.0% -7.9%
Dangote Sugar Refinery (17) -5.0% 0.0%
Cadbury Nigeria (38) -5.0% -21.8%
Africa Prudential Registrars (70) -5.0% -6.8%
Fidelity Bank (33) -4.9% -10.0%
Portland Paints & Products Nig. (149) -4.9% -3.8%
Cement Northern Nigeria (58) -4.9% -10.7%
Sterling Bank (32) -4.8% -17.4%
AG Leventis (104) -4.1% -4.1%
Wema Bank (36) -4.1% -15.5%
Nigerian Breweries (2) -2.9% 2.2%
Vitafoam Nigeria (90) -2.9% -25.6%
Name Last Price 1D % Chg. 1M % Chg. Value**
Dangote Cement 180.0 0.0% -8.3% 1.5
Guaranty Trust Bank 24.3 up 1.0% 4.7% 1.3
United Bank for Africa 4.6 up 2.0% 0.7% 0.5
Lafarge Africa 55.9 down -0.3% -20.2% 0.3
Zenith Bank 16.7 down -1.2% 7.1% 0.3
Nestle Nigeria 837.5 down -1.5% -3.6% 0.2
Total Nigeria 200.1 up 10.2% 1.6% 0.1
FCMB Group 1.4 up 0.7% -10.2% 0.1
Nigerian Breweries 134.0 down -2.9% 2.2% 0.1
Okomu Oil Palm 35.0 up 4.0% 11.5% 0.05
Metals Last Price 1D % Chg. 1M % Chg.
Palladium Spot ($/oz) 720.0 up 1.4% 19.2%
Silver Spot ($/oz) 20.5 up 0.7% 3.6%
Platinum Spot ($/oz) 1,149.9 up 0.6% 8.6%
Comex Copper($/lb) 222.6 up 0.3% 0.5%
Gold Spot ($/oz) 1,348.2 down -0.2% 0.5%
Energy Last Price 1D % Chg. 1M % Chg.
Ethanol($/gal) 1.4 0.0% -12.4%
RBOB Gasoline($/gal) 130.7 down -0.9% -13.6%
Brent($/bl) 42.9 down -1.5% -14.9%
WTI($/bl) 40.9 down -1.6% -16.4%
Heating Oil($/gal) 128.3 down -1.9% -15.2%
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