Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Banking, Oil & Gas and Food, Beverages & Tobacco sectors propelled shares lower.
At the close in Lagos, the NSE 30 declined 1.26% to hit a new 1-month low.
The biggest gainers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 1.08% or 0.50 points to trade at 47.00 at the close. Zenithbank (LAGOS:ZENITHB) added 0.89% or 0.15 points to end at 16.91 and Wapco (LAGOS:WAPCO) was up 0.27% or 0.27 points to 99.00 in late trade.
Biggest losers included Access Bank (LAGOS:ACCESS), which lost 4.94% or 0.25 points to trade at 4.81 in late trade. Union Bank LG (LAGOS:UBN) declined 4.67% or 0.28 points to end at 5.70 and Skye Bank (LAGOS:SKYEBAN) shed 4.63% or 0.10 points to 2.06.
Declining stocks outnumbered rising ones by 28 to 20 and 42 ended unchanged on the Lagos.
In commodities trading, Crude oil for November delivery was down 0.81% or 0.38 to $46.28 a barrel. Meanwhile, Brent oil for delivery in December fell 0.32% or 0.16 to hit $49.53 a barrel, while the December Gold contract rose 1.05% or 12.20 to trade at $1177.60 a troy ounce.
EUR/NGN was up 0.07% to 226.910, while USD/NGN fell 0.08% to 198.835.
The US Dollar Index was down 0.59% at 94.24.