Nigeria shares lower at close of trade; NSE 30 down 1.32%

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Nigeria shares lower at close of trade; NSE 30 down 1.32%
Credit: © Reuters.

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

At the close in Lagos, the NSE 30 declined 1.32% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS: WEMABAN ), which rose 5.00% or 0.030 points to trade at 0.630 at the close. Fidelitybk (LAGOS: FIDELIT ) added 1.18% or 0.020 points to end at 1.720 and Diamond Bank (LAGOS: DIAMONB ) was up 0.80% or 0.010 points to 1.260 in late trade.

Biggest losers included Union Bank LG (LAGOS: UBN ), which lost 9.40% or 0.55 points to trade at 5.30 in late trade. Nestle Nig (LAGOS: NESTLE ) declined 9.33% or 140.00 points to end at 1360.00 and Total Nig (LAGOS: TOTAL ) shed 7.75% or 14.70 points to 175.00.

Declining stocks outnumbered rising ones by 50 to 37 and 13 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was down 1.33% or 0.93 to $68.94 a barrel. Meanwhile, Brent oil for delivery in November fell 1.05% or 0.82 to hit $77.35 a barrel, while the December Gold Futures contract rose 0.22% or 2.60 to trade at $1201.70 a troy ounce.

EUR/NGN was up 0.84% to 419.120, while USD/NGN rose 0.51% to 361.520.

The US Dollar Index Futures was down 0.28% at 95.10.

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