Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Banking, Food, Beverages & Tobacco and Insurance sectors propelled shares lower.
At the close in Lagos, the NSE 30 fell 3.31% to hit a new 52-week low.
The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), which rose 8.93% or 0.050 points to trade at 0.610 at the close. Uacn Prop (LAGOS:UACN) added 5.39% or 0.55 points to end at 10.75 and Wemabank (LAGOS:WEMABAN) was up 5.26% or 0.030 points to 0.570 in late trade.
Biggest losers included Total Nig (LAGOS:TOTAL), which lost 9.96% or 18.90 points to trade at 170.80 in late trade. Fidelitybk (LAGOS:FIDELIT) declined 9.58% or 0.160 points to end at 1.520 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) shed 9.52% or 0.80 points to 7.60.
Declining stocks outnumbered rising ones by 65 to 22 and 11 ended unchanged on the Lagos.
In commodities trading, Crude oil for October delivery was up 2.12% or 1.47 to $70.72 a barrel. Meanwhile, Brent oil for delivery in November rose 0.95% or 0.75 to hit $79.81 a barrel, while the December Gold Futures contract rose 0.73% or 8.80 to trade at $1211.00 a troy ounce.
EUR/NGN was up 0.03% to 420.940, while USD/NGN fell 0.61% to 361.000.
The US Dollar Index Futures was down 0.33% at 94.74.