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Nigeria shares lower at close of trade; NSE 30 down 0.41%

Stock MarketsAug 19, 2015 17:16
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© Reuters. Nigeria shares lower at close of trade; NSE 30 down 0.41%

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.

Nigeria shares lower at close of trade; NSE 30 down 0.41%
 

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