Nigeria shares lower at close of trade; NSE 30 down 0.32%

Nigeria shares lower at close of trade; NSE 30 down 0.32%  | Sep 03, 2018 18:15

Nigeria shares lower at close of trade; NSE 30 down 0.32% – Nigeria equities were lower at the close on Monday, as losses in the Food, Beverages & Tobacco, Oil & Gas and Banking sectors propelled shares lower.

At the close in Lagos, the NSE 30 fell 0.32% to hit a new 52-week low.

The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), which rose 1.96% or 0.010 points to trade at 0.520 at the close. Zenithbank (LAGOS:ZENITHB) added 1.67% or 0.35 points to end at 21.35 and Guaranty Bnk (LAGOS:GUARANT) was up 1.39% or 0.50 points to 36.50 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 9.67% or 1.45 points to trade at 13.55 in late trade. Union Bank LG (LAGOS:UBN) declined 9.40% or 0.55 points to end at 5.30 and Nestle Nig (LAGOS:NESTLE) shed 8.03% or 120.50 points to 1379.50.

Declining stocks outnumbered rising ones by 55 to 36 and 20 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was up 0.49% or 0.34 to $70.11 a barrel. Meanwhile, Brent oil for delivery in November rose 0.61% or 0.47 to hit $78.11 a barrel, while the December Gold Futures contract rose 0.22% or 2.60 to trade at $1207.00 a troy ounce.

EUR/NGN was down 1.12% to 417.600, while USD/NGN fell 0.73% to 359.520.

The US Dollar Index Futures was up 0.02% at 95.07.

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