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 declined 1.21% to hit a new 1-month low.
The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 9.41% or 0.080 points to trade at 0.930 at the close. Unilever Nig (LAGOS:UNILEVE) added 4.86% or 2.55 points to end at 55.00 and Pz Cussons LG (LAGOS:PZ) was up 4.55% or 1.00 points to 23.00 in late trade.
Biggest losers included Wapco (LAGOS:WAPCO), which lost 4.72% or 2.30 points to trade at 46.45 in late trade. Fidelitybk (LAGOS:FIDELIT) declined 3.88% or 0.100 points to end at 2.480 and Dangsugar (LAGOS:DANGSUG) shed 3.44% or 0.75 points to 21.95.
Declining stocks outnumbered rising ones by 63 to 30 and 14 ended unchanged on the Lagos.
In commodities trading, Crude oil for May delivery was down 1.95% or 1.27 to $63.98 a barrel. Meanwhile, Brent oil for delivery in June fell 1.70% or 1.18 to hit $68.28 a barrel, while the April Gold Futures contract fell 1.18% or 15.90 to trade at $1326.10 a troy ounce.
EUR/NGN was down 0.13% to 446.090, while USD/NGN rose 1000.00% to 360.000.
The US Dollar Index Futures was up 0.62% at 89.51.