Nigeria shares lower at close of trade; NSE 30 down 0.95%

  • Stock Market News
Nigeria shares lower at close of trade; NSE 30 down 0.95%
Credit: © Reuters. – Nigeria equities were lower at the close on Thursday, as losses in the Banking , Insurance and Food, Beverages & Tobacco sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.95% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Union Bank LG (LAGOS: UBN ), which rose 1.79% or 0.10 points to trade at 5.55 at the close. Diamond Bank (LAGOS: DIAMONB ) added 0.91% or 0.010 points to end at 1.110 and Guaranty Bnk (LAGOS: GUARANT ) was up 0.79% or 0.30 points to 38.05 in late trade.

Biggest losers included Skye Bank (LAGOS: SKYEBAN ), which lost 8.77% or 0.050 points to trade at 0.520 in late trade. Wemabank (LAGOS: WEMABAN ) declined 7.46% or 0.050 points to end at 0.610 and Dangote Flour Mills PLC (LAGOS: DANGFLOUR ) shed 5.92% or 0.45 points to 7.15.

Declining stocks outnumbered rising ones by 54 to 26 and 15 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was up 0.66% or 0.43 to $65.44 a barrel. Meanwhile, Brent oil for delivery in October rose 0.93% or 0.66 to hit $71.42 a barrel, while the December Gold Futures contract fell 0.08% or 0.90 to trade at $1184.10 a troy ounce.

EUR/NGN was up 0.54% to 411.370, while USD/NGN fell 0.14% to 360.000.

The US Dollar Index Futures was down 0.06% at 96.53.

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