Nigeria shares lower at close of trade; NSE 30 down 0.93%

  • Stock Market News
Nigeria shares lower at close of trade; NSE 30 down 0.93%
Credit: © Reuters. – Nigeria equities were lower at the close on Thursday, as losses in the Food, Beverages & Tobacco , Insurance and Oil & Gas sectors propelled shares lower.

At the close in Lagos, the NSE 30 declined 0.93% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS: SKYEBAN ), which rose 9.84% or 0.060 points to trade at 0.670 at the close. Pz Cussons LG (LAGOS: PZ ) added 4.44% or 0.60 points to end at 14.10 and Wemabank (LAGOS: WEMABAN ) was up 3.33% or 0.020 points to 0.590 in late trade.

Biggest losers included Wapco (LAGOS: WAPCO ), which lost 10.00% or 2.30 points to trade at 20.70 in late trade. Unilever Nig (LAGOS: UNILEVE ) declined 5.88% or 2.75 points to end at 44.05 and Nestle Nig (LAGOS: NESTLE ) shed 5.48% or 81.00 points to 1398.00.

Declining stocks outnumbered rising ones by 63 to 25 and 15 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was down 2.39% or 1.68 to $68.69 a barrel. Meanwhile, Brent oil for delivery in November fell 1.81% or 1.44 to hit $78.30 a barrel, while the December Gold Futures contract fell 0.17% or 2.00 to trade at $1208.90 a troy ounce.

EUR/NGN was up 0.48% to 422.960, while USD/NGN rose 0.42% to 362.500.

The US Dollar Index Futures was down 0.27% at 94.56.

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