Nigeria shares lower at close of trade; NSE 30 down 1.40%

Investing.com – 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 declined 1.40%.

The biggest gainers of the session on the NSE 30 were Fidelitybk (LAGOS: FIDELIT ), which rose 4.62% or 0.110 points to trade at 2.490 at the close. Dangsugar (LAGOS: DANGSUG ) added 2.60% or 0.51 points to end at 19.96 and Total Nig (LAGOS: TOTAL ) was up 1.83% or 4.00 points to 223.00 in late trade.

Biggest losers included Nig Brew (LAGOS: NB ), which lost 4.26% or 5.96 points to trade at 134.02 in late trade. Pz Cussons LG (LAGOS: PZ ) declined 3.55% or 0.76 points to end at 20.74 and Stanbicibtc Hl (LAGOS: IBTC ) shed 3.13% or 1.30 points to 40.20.

Declining stocks outnumbered rising ones by 41 to 29 and 18 ended unchanged on the Lagos.

In commodities trading, Crude oil for February delivery was down 0.73% or 0.44 to $59.53 a barrel. Meanwhile, Brent oil for delivery in March fell 0.83% or 0.55 to hit $65.91 a barrel, while the February Gold Futures contract rose 0.26% or 3.30 to trade at $1290.80 a troy ounce.

EUR/NGN was up 0.34% to 427.530, while USD/NGN unchanged 0.00% to 360.000.

The US Dollar Index Futures was down 0.27% at 92.59.