Nigeria shares lower at close of trade; NSE 30 down 0.18%

Nigeria shares lower at close of trade; NSE 30 down 0.18%  | Jul 12, 2018 18:15

Nigeria shares lower at close of trade; NSE 30 down 0.18% – Nigeria equities were lower at the close on Thursday, as losses in the Banking, Insurance and Oil & Gas sectors propelled shares lower.

At the close in Lagos, the NSE 30 declined 0.18% to hit a new 1-month low.

The biggest gainers of the session on the NSE 30 were Wapco (LAGOS:WAPCO), which rose 1.77% or 0.60 points to trade at 34.50 at the close. Stanbicibtc Hl (LAGOS:IBTC) added 0.98% or 0.50 points to end at 51.50 and Unilever Nig (LAGOS:UNILEVE) was up 0.29% or 0.15 points to 51.90 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 7.89% or 1.50 points to trade at 17.50 in late trade. Access Bank (LAGOS:ACCESS) declined 3.37% or 0.35 points to end at 10.10 and Union Bank LG (LAGOS:UBN) shed 3.33% or 0.20 points to 5.95.

Declining stocks outnumbered rising ones by 57 to 24 and 13 ended unchanged on the Lagos.

In commodities trading, Crude oil for August delivery was down 0.87% or 0.61 to $69.77 a barrel. Meanwhile, Brent oil for delivery in September rose 0.40% or 0.29 to hit $73.69 a barrel, while the August Gold Futures contract rose 0.19% or 2.40 to trade at $1246.80 a troy ounce.

EUR/NGN was down 15.59% to 355.900, while USD/NGN rose 0.14% to 361.000.

The US Dollar Index Futures was up 0.02% at 94.50.

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