Nigeria shares lower at close of trade; NSE 30 down 3.31%

  • Investing.com
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Nigeria shares lower at close of trade; NSE 30 down 3.31%
Credit: © Reuters.

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

At the close in Lagos, the NSE 30 fell 3.31% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS: SKYEBAN ), which rose 8.93% or 0.050 points to trade at 0.610 at the close. Uacn Prop (LAGOS: UACN ) added 5.39% or 0.55 points to end at 10.75 and Wemabank (LAGOS: WEMABAN ) was up 5.26% or 0.030 points to 0.570 in late trade.

Biggest losers included Total Nig (LAGOS: TOTAL ), which lost 9.96% or 18.90 points to trade at 170.80 in late trade. Fidelitybk (LAGOS: FIDELIT ) declined 9.58% or 0.160 points to end at 1.520 and Dangote Flour Mills PLC (LAGOS: DANGFLOUR ) shed 9.52% or 0.80 points to 7.60.

Declining stocks outnumbered rising ones by 65 to 22 and 11 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was up 2.12% or 1.47 to $70.72 a barrel. Meanwhile, Brent oil for delivery in November rose 0.95% or 0.75 to hit $79.81 a barrel, while the December Gold Futures contract rose 0.73% or 8.80 to trade at $1211.00 a troy ounce.

EUR/NGN was up 0.03% to 420.940, while USD/NGN fell 0.61% to 361.000.

The US Dollar Index Futures was down 0.33% at 94.74.

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