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Nigeria shares lower at close of trade; NSE 30 down 0.91%

Published 24/07/2018, 18:15
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 0.91%
DANGFLOUR
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FIDELIT
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PZ
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SKYEBAN
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WAPCO
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WEMABAN
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NGSE30
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NGSEFBT10
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NGSEOILG5
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NGSEBNK10
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Investing.com – Nigeria equities were lower at the close on Tuesday, as losses in the Food, Beverages & Tobacco, Oil & Gas and Banking sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.91% to hit a new 6-month low.

The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 2.74% or 0.020 points to trade at 0.760 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) added 1.69% or 0.15 points to end at 8.95 and Skye Bank (LAGOS:SKYEBAN) was up 1.52% or 0.010 points to 0.680 in late trade.

Biggest losers included Wapco (LAGOS:WAPCO), which lost 10.00% or 3.25 points to trade at 29.30 in late trade. Pz Cussons LG (LAGOS:PZ) declined 9.82% or 1.65 points to end at 15.15 and Fidelitybk (LAGOS:FIDELIT) shed 9.47% or 0.180 points to 1.720.

Declining stocks outnumbered rising ones by 61 to 23 and 17 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was up 1.50% or 1.02 to $68.91 a barrel. Meanwhile, Brent oil for delivery in September rose 1.14% or 0.83 to hit $73.89 a barrel, while the August Gold Futures contract fell 0.03% or 0.40 to trade at $1225.20 a troy ounce.

EUR/NGN was up 0.55% to 423.420, while USD/NGN rose 0.58% to 361.550.

The US Dollar Index Futures was down 0.02% at 94.40.

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