Nigeria shares lower at close of trade; NSE 30 down 0.35%

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Nigeria shares lower at close of trade; NSE 30 down 0.35%
Credit: © Reuters.

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

At the close in Lagos, the NSE 30 lost 0.35%.

The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS: SKYEBAN ), which rose 9.09% or 0.060 points to trade at 0.720 at the close. Fidelitybk (LAGOS: FIDELIT ) added 6.76% or 0.140 points to end at 2.210 and Stanbicibtc Hl (LAGOS: IBTC ) was up 1.73% or 0.90 points to 52.95 in late trade.

Biggest losers included Pz Cussons LG (LAGOS: PZ ), which lost 9.66% or 2.00 points to trade at 18.70 in late trade. Unilever Nig (LAGOS: UNILEVE ) declined 6.82% or 3.75 points to end at 51.05 and Union Bank LG (LAGOS: UBN ) shed 3.33% or 0.20 points to 6.00.

Declining stocks outnumbered rising ones by 70 to 31 and 14 ended unchanged on the Lagos.

In commodities trading, Crude oil for August delivery was up 0.26% or 0.19 to $74.33 a barrel. Meanwhile, Brent oil for delivery in September rose 0.55% or 0.43 to hit $78.19 a barrel, while the August Gold Futures contract rose 0.37% or 4.60 to trade at $1258.10 a troy ounce.

EUR/NGN was down 0.05% to 419.090, while USD/NGN fell 0.11% to 360.110.

The US Dollar Index Futures was down 0.14% at 94.19.

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