Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Banking, Insurance and Oil & Gas sectors propelled shares lower.
At the close in Lagos, the NSE 30 lost 0.41% to hit a new 3-month low.
The biggest gainers of the session on the NSE 30 were Dangflour (LAGOS:DANGFLO), which unchanged 0.00% or 0.00 points to trade at 2.95 at the close. Pz Cussons LG (LAGOS:PZ) unchanged 0.00% or 0.00 points to end at 27.44 and Nestle Nig (LAGOS:NESTLE) was unchanged 0.00% or 0.00 points to 827.40 in late trade.
Biggest losers included Union Bank LG (LAGOS:UBN), which lost 4.66% or 0.34 points to trade at 6.95 in late trade. Wemabank (LAGOS:WEMABAN) declined 4.49% or 0.040 points to end at 0.850 and Access Bank (LAGOS:ACCESS) shed 2.38% or 0.10 points to 4.10.
Declining stocks outnumbered rising ones by 36 to 6 and 53 ended unchanged on the Lagos.
In commodities trading, Crude oil for October delivery was down 4.08% or 1.76 to $41.36 a barrel. Meanwhile, Brent oil for delivery in October fell 3.21% or 1.56 to hit $47.24 a barrel, while the December Gold contract rose 1.02% or 11.40 to trade at $1128.30 a troy ounce.
EUR/NGN was down 0.49% to 219.120, while USD/NGN fell 0.26% to 198.515.
The US Dollar Index was down 0.10% at 96.89.