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Nigeria shares lower at close of trade; NSE 30 down 1.14%

Published 30/08/2017, 18:15
Updated 30/08/2017, 18:15
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 1.14%

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 lost 1.14%.

The biggest gainers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 4.00% or 0.24 points to trade at 6.24 at the close. Total Nig (LAGOS:TOTAL) added 2.75% or 6.50 points to end at 243.00 and Nig Brew (LAGOS:NB) was up 0.76% or 1.40 points to 185.00 in late trade.

Biggest losers included Wapco (LAGOS:WAPCO), which lost 5.00% or 2.85 points to trade at 54.15 in late trade. Dangsugar (LAGOS:DANGSUG) declined 4.89% or 0.68 points to end at 13.22 and Pz Cussons LG (LAGOS:PZ) shed 4.80% or 1.29 points to 25.60.

Declining stocks outnumbered rising ones by 62 to 21 and 22 ended unchanged on the Lagos.

In commodities trading, Crude oil for October delivery was up 0.09% or 0.04 to $46.48 a barrel. Meanwhile, Brent oil for delivery in November fell 0.89% or 0.46 to hit $51.20 a barrel, while the December Gold Futures contract fell 0.45% or 5.99 to trade at $1312.91 a troy ounce.

EUR/NGN was down 0.73% to 429.570, while USD/NGN rose 0.28% to 360.500.

The US Dollar Index Futures was up 0.59% at 92.81.

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