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Nigeria shares lower at close of trade; NSE 30 down 0.48%

Published 21/04/2017, 18:15
Updated 21/04/2017, 18:15
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 0.48%

Investing.com – Nigeria equities were lower at the close on Friday, as losses in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.48%.

The biggest gainers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 7.09% or 2.35 points to trade at 32.78 at the close. Dangsugar (LAGOS:DANGSUG) unchanged 0.00% or 0.00 points to end at 6.09 and Stanbicibtc Hl (LAGOS:IBTC) was unchanged 0.00% or 0.00 points to 20.47 in late trade.

Biggest losers included Fbn Holdings (LAGOS:FBNH), which lost 5.54% or 0.200 points to trade at 3.410 in late trade. Union Bank LG (LAGOS:UBN) declined 5.00% or 0.25 points to end at 4.79 and Nig Brew (LAGOS:NB) shed 3.14% or 3.89 points to 123.50.

Declining stocks outnumbered rising ones by 18 to 15 and 73 ended unchanged on the Lagos.

In commodities trading, Crude oil for June delivery was down 2.72% or 1.38 to $49.33 a barrel. Meanwhile, Brent oil for delivery in June fell 2.43% or 1.29 to hit $51.70 a barrel, while the June Gold Futures contract rose 0.33% or 4.20 to trade at $1288.00 a troy ounce.

EUR/NGN was down 0.58% to 336.810, while USD/NGN unchanged 0.00% to 317.500.

The US Dollar Index Futures was up 0.12% at 99.83.

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