Nigeria shares lower at close of trade; NSE 30 down 1.15%

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Nigeria shares lower at close of trade; NSE 30 down 1.15%
Credit: © Reuters.

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

At the close in Lagos, the NSE 30 lost 1.15% to hit a new 1-month low.

The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS: WEMABAN ), which rose 7.94% or 0.050 points to trade at 0.660 at the close. Dangsugar (LAGOS: DANGSUG ) added 2.57% or 0.45 points to end at 17.85 and Union Bank LG (LAGOS: UBN ) was up 0.88% or 0.05 points to 5.75 in late trade.

Biggest losers included Pz Cussons LG (LAGOS: PZ ), which lost 9.94% or 1.70 points to trade at 15.50 in late trade. Wapco (LAGOS: WAPCO ) declined 8.00% or 3.00 points to end at 34.50 and Stanbicibtc Hl (LAGOS: IBTC ) shed 7.67% or 3.95 points to 47.25.

Declining stocks outnumbered rising ones by 66 to 24 and 14 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was up 0.52% or 0.35 to $67.42 a barrel. Meanwhile, Brent oil for delivery in September rose 0.77% or 0.55 to hit $72.39 a barrel, while the August Gold Futures contract fell 0.97% or 12.00 to trade at $1227.70 a troy ounce.

EUR/NGN was up 0.23% to 358.500, while USD/NGN fell 0.14% to 361.000.

The US Dollar Index Futures was up 0.53% at 94.77.

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