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Nigeria shares lower at close of trade; NSE 30 down 1.21%

Published 23/11/2015, 17:15
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 1.21%

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

At the close in Lagos, the NSE 30 fell 1.21% to hit a new 6-month low.

The biggest gainers of the session on the NSE 30 were Firstcity Bnk (LAGOS:FCMB), which rose 4.28% or 0.08 points to trade at 1.95 at the close. Pz Cussons LG (LAGOS:PZ) added 3.35% or 0.88 points to end at 27.13 and Nestle Nig (LAGOS:NESTLE) was unchanged 0.00% or 0.00 points to 803.00 in late trade.

Biggest losers included Guiness Nig (LAGOS:GUINNES), which lost 4.99% or 6.40 points to trade at 121.83 in late trade. Nig Brew (LAGOS:NB) declined 4.17% or 5.00 points to end at 115.00 and Wemabank (LAGOS:WEMABAN) shed 4.17% or 0.040 points to 0.920.

Declining stocks outnumbered rising ones by 30 to 8 and 38 ended unchanged on the Lagos.

In commodities trading, Crude oil for January delivery was up 1.36% or 0.57 to $42.47 a barrel. Meanwhile, Brent oil for delivery in January rose 2.27% or 1.01 to hit $45.67 a barrel, while the December Gold contract fell 0.70% or 7.50 to trade at $1068.80 a troy ounce.

EUR/NGN was down 0.43% to 211.700, while USD/NGN rose 0.05% to 199.200.

The US Dollar Index was up 0.28% at 99.93.

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