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Nigeria shares lower at close of trade; NSE 30 down 1.65%

Published 20/06/2016, 18:15
Updated 20/06/2016, 18:15
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 1.65%

© Reuters. Nigeria shares lower at close of trade; NSE 30 down 1.65%

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

At the close in Lagos, the NSE 30 lost 1.65%.

The biggest gainers of the session on the NSE 30 were Nestle Nig (LAGOS:NESTLE), which rose 5.00% or 37.85 points to trade at 794.88 at the close. Wapco (LAGOS:WAPCO) unchanged 0.00% or 0.00 points to end at 72.10 and Union Bank LG (LAGOS:UBN) was unchanged 0.00% or 0.00 points to 5.10 in late trade.

Biggest losers included Nig Brew (LAGOS:NB), which lost 5.00% or 7.44 points to trade at 141.42 in late trade. Pz Cussons LG (LAGOS:PZ) declined 4.91% or 1.09 points to end at 21.20 and Dangsugar (LAGOS:DANGSUG) shed 4.86% or 0.34 points to 6.66.

Declining stocks outnumbered rising ones by 33 to 16 and 44 ended unchanged on the Lagos.

In commodities trading, Crude oil for August delivery was up 2.12% or 1.03 to $49.59 a barrel. Meanwhile, Brent oil for delivery in August rose 2.26% or 1.11 to hit $50.28 a barrel, while the August Gold contract fell 0.41% or 5.35 to trade at $1289.45 a troy ounce.

EUR/NGN was up 31.56% to 295.070, while USD/NGN rose 0.03% to 199.150.

The US Dollar Index was down 0.52% at 93.81.

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