Nigeria shares lower at close of trade; NSE 30 down 0.39%

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

At the close in Lagos, the NSE 30 fell 0.39%.

The biggest gainers of the session on the NSE 30 were Unilever Nig (LAGOS: UNILEVE ), which rose 4.65% or 2.00 points to trade at 45.50 at the close. Dangsugar (LAGOS: DANGSUG ) added 1.70% or 0.25 points to end at 14.95 and Guaranty Bnk (LAGOS: GUARANT ) was up 1.59% or 0.55 points to 35.30 in late trade.

Biggest losers included Union Bank LG (LAGOS: UBN ), which lost 9.48% or 0.55 points to trade at 5.25 in late trade. Guiness Nig (LAGOS: GUINNES ) declined 5.74% or 5.05 points to end at 82.95 and Dangote Flour Mills PLC (LAGOS: DANGFLOUR ) shed 3.38% or 0.25 points to 7.15.

Declining stocks outnumbered rising ones by 50 to 27 and 18 ended unchanged on the Lagos.

In commodities trading, Crude oil for November delivery was up 1.68% or 1.19 to $71.97 a barrel. Meanwhile, Brent oil for delivery in December rose 2.47% or 1.93 to hit $80.17 a barrel, while the December Gold Futures contract rose 0.29% or 3.50 to trade at $1204.80 a troy ounce.

EUR/NGN was up 0.15% to 427.620, while USD/NGN rose 0.28% to 363.500.

The US Dollar Index Futures was down 0.04% at 93.75.