Nigeria shares lower at close of trade; NSE 30 down 0.75%

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Nigeria shares lower at close of trade; NSE 30 down 0.75%
Credit: © Reuters.

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

At the close in Lagos, the NSE 30 lost 0.75% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Access Bank (LAGOS: ACCESS ), which rose 2.17% or 0.20 points to trade at 9.50 at the close. Wemabank (LAGOS: WEMABAN ) added 1.67% or 0.010 points to end at 0.610 and Stanbicibtc Hl (LAGOS: IBTC ) was up 1.59% or 0.75 points to 48.00 in late trade.

Biggest losers included Nestle Nig (LAGOS: NESTLE ), which lost 9.50% or 142.50 points to trade at 1357.50 in late trade. Union Bank LG (LAGOS: UBN ) declined 6.84% or 0.40 points to end at 5.45 and Pz Cussons LG (LAGOS: PZ ) shed 6.67% or 1.00 points to 14.00.

Declining stocks outnumbered rising ones by 55 to 41 and 16 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was down 0.47% or 0.33 to $69.92 a barrel. Meanwhile, Brent oil for delivery in November fell 0.35% or 0.27 to hit $77.75 a barrel, while the December Gold Futures contract rose 0.09% or 1.10 to trade at $1206.10 a troy ounce.

EUR/NGN was down 0.26% to 422.330, while USD/NGN rose 0.03% to 362.170.

The US Dollar Index Futures was up 0.45% at 95.07.

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