Nigeria shares lower at close of trade; NSE 30 down 0.52%

Nigeria shares lower at close of trade; NSE 30 down 0.52%

Investing.com  | Aug 29, 2018 18:15

Nigeria shares lower at close of trade; NSE 30 down 0.52%

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

At the close in Lagos, the NSE 30 declined 0.52%.

The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), which rose 9.62% or 0.050 points to trade at 0.560 at the close. Pz Cussons LG (LAGOS:PZ) added 7.14% or 1.00 points to end at 14.50 and Diamond Bank (LAGOS:DIAMONB) was up 6.92% or 0.090 points to 1.390 in late trade.

Biggest losers included Fbn Holdings (LAGOS:FBNH), which lost 7.22% or 0.700 points to trade at 9.000 in late trade. Union Bank LG (LAGOS:UBN) declined 5.98% or 0.35 points to end at 5.50 and Wapco (LAGOS:WAPCO) shed 5.56% or 1.50 points to 25.35.

Declining stocks outnumbered rising ones by 52 to 40 and 9 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was up 1.55% or 1.06 to $69.59 a barrel. Meanwhile, Brent oil for delivery in November rose 1.65% or 1.26 to hit $77.55 a barrel, while the December Gold Futures contract fell 0.21% or 2.60 to trade at $1211.80 a troy ounce.

EUR/NGN was down 0.44% to 421.610, while USD/NGN fell 0.09% to 361.750.

The US Dollar Index Futures was down 0.11% at 94.53.

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