Nigeria shares lower at close of trade; NSE 30 down 0.70%

  • Stock Market News
Nigeria shares lower at close of trade; NSE 30 down 0.70%
Credit: © Reuters. – Nigeria equities were lower at the close on Wednesday, as losses in the Food, Beverages & Tobacco , Banking and Oil & Gas sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.70% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Fbn Holdings (LAGOS: FBNH ), which rose 3.14% or 0.300 points to trade at 9.900 at the close. Total Nig (LAGOS: TOTAL ) added 2.70% or 5.00 points to end at 187.00 and Pz Cussons LG (LAGOS: PZ ) was up 2.14% or 0.30 points to 14.35 in late trade.

Biggest losers included Dangote Flour Mills PLC (LAGOS: DANGFLOUR ), which lost 5.00% or 0.40 points to trade at 7.60 in late trade. Diamond Bank (LAGOS: DIAMONB ) declined 4.35% or 0.050 points to end at 1.100 and Nestle Nig (LAGOS: NESTLE ) shed 3.85% or 60.00 points to 1500.00.

Declining stocks outnumbered rising ones by 62 to 25 and 22 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was down 2.83% or 1.90 to $65.14 a barrel. Meanwhile, Brent oil for delivery in October fell 2.01% or 1.46 to hit $71.00 a barrel, while the December Gold Futures contract fell 1.49% or 17.90 to trade at $1182.80 a troy ounce.

EUR/NGN was down 1.04% to 409.170, while USD/NGN fell 0.14% to 360.000.

The US Dollar Index Futures was up 0.06% at 96.61.

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