Nigeria shares lower at close of trade; NSE 30 down 0.37%

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Nigeria shares lower at close of trade; NSE 30 down 0.37%
Credit: © Reuters. – Nigeria equities were lower at the close on Wednesday, as losses in the Insurance , Food, Beverages & Tobacco and Banking sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.37% to hit a new 1-month low.

The biggest gainers of the session on the NSE 30 were Dangsugar (LAGOS: DANGSUG ), which rose 5.14% or 0.90 points to trade at 18.40 at the close. Uacn Prop (LAGOS: UACN ) added 2.65% or 0.35 points to end at 13.55 and Union Bank LG (LAGOS: UBN ) was up 1.69% or 0.10 points to 5.85 in late trade.

Biggest losers included Pz Cussons LG (LAGOS: PZ ), which lost 8.68% or 1.65 points to trade at 17.35 in late trade. Skye Bank (LAGOS: SKYEBAN ) declined 7.14% or 0.050 points to end at 0.680 and Wapco (LAGOS: WAPCO ) shed 5.17% or 1.85 points to 33.10.

Declining stocks outnumbered rising ones by 59 to 28 and 19 ended unchanged on the Lagos.

In commodities trading, Crude oil for August delivery was down 3.37% or 2.50 to $71.61 a barrel. Meanwhile, Brent oil for delivery in September fell 4.45% or 3.51 to hit $75.35 a barrel, while the August Gold Futures contract fell 0.88% or 11.10 to trade at $1244.30 a troy ounce.

EUR/NGN was up 0.07% to 421.640, while USD/NGN rose 0.28% to 361.000.

The US Dollar Index Futures was up 0.60% at 94.41.

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