Nigeria shares lower at close of trade; NSE 30 down 0.18%

Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Insurance , Food, Beverages & Tobacco and Oil & Gas sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.18%.

The biggest gainers of the session on the NSE 30 were Zenithbank (LAGOS: ZENITHB ), which rose 5.13% or 1.05 points to trade at 21.40 at the close. Union Bank LG (LAGOS: UBN ) added 3.92% or 0.20 points to end at 5.50 and Fidelitybk (LAGOS: FIDELIT ) was up 3.03% or 0.050 points to 1.700 in late trade.

Biggest losers included Guiness Nig (LAGOS: GUINNES ), which lost 7.14% or 6.15 points to trade at 80.00 in late trade. Pz Cussons LG (LAGOS: PZ ) declined 5.56% or 0.75 points to end at 12.75 and Nestle Nig (LAGOS: NESTLE ) shed 2.98% or 44.60 points to 1450.40.

Declining stocks outnumbered rising ones by 48 to 36 and 16 ended unchanged on the Lagos.

In commodities trading, Crude oil for November delivery was down 0.50% or 0.36 to $71.92 a barrel. Meanwhile, Brent oil for delivery in December fell 0.17% or 0.14 to hit $81.12 a barrel, while the December Gold Futures contract fell 0.30% or 3.60 to trade at $1201.50 a troy ounce.

EUR/NGN was up 0.59% to 427.680, while USD/NGN rose 0.14% to 363.500.

The US Dollar Index Futures was up 0.04% at 93.77.