Nigeria shares lower at close of trade; NSE 30 down 1.15%

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

At the close in Lagos, the NSE 30 lost 1.15% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Pz Cussons LG (LAGOS: PZ ), which rose 2.66% or 0.35 points to trade at 13.55 at the close. Skye Bank (LAGOS: SKYEBAN ) added 1.92% or 0.010 points to end at 0.530 and Wemabank (LAGOS: WEMABAN ) was up 1.59% or 0.010 points to 0.640 in late trade.

Biggest losers included Nestle Nig (LAGOS: NESTLE ), which lost 10.00% or 150.00 points to trade at 1350.00 in late trade. Union Bank LG (LAGOS: UBN ) declined 9.40% or 0.55 points to end at 5.30 and Unilever Nig (LAGOS: UNILEVE ) shed 6.40% or 3.20 points to 48.00.

Declining stocks outnumbered rising ones by 58 to 31 and 11 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was down 1.60% or 1.10 to $67.62 a barrel. Meanwhile, Brent oil for delivery in November fell 1.29% or 1.00 to hit $76.27 a barrel, while the December Gold Futures contract rose 0.26% or 3.10 to trade at $1204.40 a troy ounce.

EUR/NGN was down 0.26% to 418.030, while USD/NGN fell 0.57% to 359.460.

The US Dollar Index Futures was down 0.01% at 95.06.