Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Banking, Insurance and Food, Beverages & Tobacco sectors propelled shares lower.
At the close in Lagos, the NSE 30 declined 0.89% to hit a new 6-month low.
The biggest gainers of the session on the NSE 30 were Dangsugar (LAGOS:DANGSUG), which rose 2.94% or 0.18 points to trade at 6.30 at the close. Guiness Nig (LAGOS:GUINNES) added 1.69% or 1.50 points to end at 90.00 and Unilever Nig (LAGOS:UNILEVE) was up 0.10% or 0.05 points to 47.03 in late trade.
Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 8.39% or 1.51 points to trade at 16.49 in late trade. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) declined 4.83% or 0.18 points to end at 3.55 and Access Bank (LAGOS:ACCESS) shed 4.63% or 0.25 points to 5.15.
Declining stocks outnumbered rising ones by 27 to 11 and 41 ended unchanged on the Lagos.
In commodities trading, Crude oil for December delivery was up 1.42% or 0.64 to $45.62 a barrel. Meanwhile, Brent oil for delivery in January rose 1.28% or 0.59 to hit $46.63 a barrel, while the December Gold contract rose 0.31% or 4.00 to trade at $1278.50 a troy ounce.
EUR/NGN was down 0.83% to 349.610, while USD/NGN fell 0.16% to 316.500.
The US Dollar Index was up 0.52% at 98.39.