Nigeria shares lower at close of trade; NSE 30 down 1.10%

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Nigeria shares lower at close of trade; NSE 30 down 1.10% – Nigeria equities were lower at the close on Wednesday, as losses in the Food, Beverages & Tobacco , Banking and Insurance sectors propelled shares lower.

At the close in Lagos, the NSE 30 declined 1.10%.

The biggest gainers of the session on the NSE 30 were Total Nig (LAGOS: TOTAL ), which rose 3.83% or 7.00 points to trade at 190.00 at the close. Dangote Flour Mills PLC (LAGOS: DANGFLOUR ) added 2.27% or 0.20 points to end at 8.55 and Wapco (LAGOS: WAPCO ) was up 1.82% or 0.50 points to 28.05 in late trade.

Biggest losers included Fidelitybk (LAGOS: FIDELIT ), which lost 8.04% or 0.160 points to trade at 1.820 in late trade. Access Bank (LAGOS: ACCESS ) declined 3.00% or 0.30 points to end at 9.80 and Guiness Nig (LAGOS: GUINNES ) shed 2.60% or 2.50 points to 93.50.

Declining stocks outnumbered rising ones by 59 to 31 and 14 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was down 1.63% or 1.12 to $67.64 a barrel. Meanwhile, Brent oil for delivery in October fell 2.18% or 1.62 to hit $72.59 a barrel, while the August Gold Futures contract fell 0.43% or 5.30 to trade at $1218.40 a troy ounce.

EUR/NGN was down 0.52% to 422.470, while USD/NGN rose 0.28% to 361.000.

The US Dollar Index Futures was up 0.16% at 94.48.

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