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NSE ends lower tracking declines in global equity markets

Tuesday, 2 August 2016Nigeria Surveillance

The NSE All-Share index fell marginally led by losses in the oil & gas and insurance sectors. World stocks traded in red with market participants still concerned over global growth forecasts along with disappointment over Japan’s much-hyped stimulus package.

  • The Nikkei 225 index retreated 1.5% as the Yen rallied against the US dollar. After the market closed, the Japanese cabinet approved the government’s stimulus package of ¥28 trillion. The Shanghai Composite index advanced 0.6%, paring its previous session losses. European stocks traded lower with the banking sector hurting the most. In economic news, producer prices in the Eurozone rose at their fastest pace in almost four years in June, a sign of building inflationary pressures in the common-currency region. US markets opened lower as investors sifted through a number of quarterly results.
  • The NSE All-Share index declined 0.04% to close at 27,832.0 with the oil & gas and insurance sectors leading losses across the board.
  • On the sector front, all the indices on the NSE traded in negative territory with the oil & gas and insurance indices losing the most at 1.9% and 1.3% respectively.
  • Among the advancers, Oando surged 10.1% while Eterna and Airline Services and Logistics jumped 9.8% and 4.8% respectively. On the downside, FCMB Group slid 5.7% while Fidelity Bank and SEPLAT Petroleum Development declined 5.1% and 5.0% respectively.
  • The Nigerian Naira strengthened 2 .3% to trade at 312.8 against the US dollar. The greenback traded lower against most of its major peers. Macroeconomic data showed that the pace of US consumer spending accelerated in June, indicating the American households spent more than expected on goods and services.
  • At 14:45 Brent crude rose 1.7% to settle at $42.9/bl ahead of the API’s weekly US crude oil stockpiles data due for release in a few hours. Gold prices advanced 0.7% to close at $1,362.3 following a weaker greenback. Meanwhile, copper added 0.9% to trade at $221.6/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Oando (23) 10.1% -16.6%
Eterna (94) 9.8% 1.6%
Airline Services and Logistics (136) 4.8% 7.1%
PZ Cussons Nigeria (19) 4.8% -19.8%
Law Union & Rock Insurance (124) 3.8% -11.3%
Access Bank (11) 3.3% -1.2%
United Bank for Africa (9) 2.8% 3.5%
Sterling Bank (32) 2.5% -15.3%
Cadbury Nigeria (40) 2.5% -19.9%
United Capital (49) 1.7% -2.4%
Dangote Cement (1) 1.7% -4.7%
Wema Bank (37) 1.4% -14.3%
Stanbic IBTC Hldgs. (13) 1.2% -14.9%
Guinness Nigeria (12) 1.1% -10.5%
Zenith Bank (5) 0.5% 7.7%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
FCMB Group (36) -5.7% -15.3%
Fidelity Bank (33) -5.1% -14.6%
SEPLAT Petroleum Development (10) -5.0% -14.3%
Lafarge Africa (6) -5.0% -24.2%
Red Star Express (104) -5.0% -6.5%
Vitafoam Nigeria (90) -4.9% -29.3%
Africa Prudential Registrars (73) -4.9% -11.4%
Dangote Flour Mills (42) -4.7% -3.5%
Continental Reinsurance (54) -4.7% -7.3%
Forte Oil (8) -4.5% -12.3%
Diamond Bank (31) -4.3% -32.6%
Livestock Feeds (121) -4.3% -20.5%
Trans-Nationwide Express (168) -3.8% -23.9%
UAC of Nigeria (29) -3.5% 0.0%
NPF Microfinance Bank (114) -3.3% -25.8%
Name Last Price 1D % Chg. 1M % Chg. Value**
Zenith Bank 16.8 up 0.5% 7.7% 0.8
Lafarge Africa 53.1 down -5.0% -24.2% 0.5
Dangote Cement 183.0 up 1.7% -6.2% 0.4
Guaranty Trust Bank 24.1 down -0.8% 3.8% 0.4
Stanbic IBTC Hldgs. 13.4 up 1.2% -14.9% 0.1
Nigerian Breweries 133.1 down -0.7% 1.4% 0.1
Access Bank 5.7 up 3.3% -1.0% 0.1
Guinness Nigeria 94.0 up 1.1% -10.5% 0.1
United Bank for Africa 4.8 up 2.8% 3.5% 0.1
Nestle Nigeria 816.2 down -2.5% -3.2% 0.1
Metals Last Price 1D % Chg. 1M % Chg.
Platinum Spot ($/oz) 1,175.4 up 1.6% 11.0%
Silver Spot ($/oz) 20.7 up 1.4% 4.8%
Palladium Spot ($/oz) 721.1 up 1.1% 19.3%
Comex Copper($/lb) 221.6 up 0.9% 0.0%
Gold Spot ($/oz) 1,362.3 up 0.7% 1.5%
Energy Last Price 1D % Chg. 1M % Chg.
RBOB Gasoline($/gal) 133.4 up 2.4% -11.8%
Heating Oil($/gal) 128.7 up 2.3% -14.9%
Brent($/bl) 42.9 up 1.7% -14.9%
WTI($/bl) 40.6 up 1.3% -17.1%
Ethanol($/gal) 1.4 0.0% -14.1%
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