Nigeria stocks lower at close of trade; NSE 30 down 0.42%

Jun 13, 2018

Investing.com – Nigeria stocks were lower after the close on Wednesday, as losses in the Food, Beverages&Tobacco, Banking and Insurance sectors led shares lower.

At the close in Lagos, the NSE 30 fell 0.42%.

The best performers of the session on the NSE 30 were Total Nig (LAGOS:TOTAL), which rose 4.97% or 9.60 points to trade at 202.90 at the close. Meanwhile, Wemabank (LAGOS:WEMABAN) added 2.78% or 0.020 points to end at 0.750 and Union Bank LG (LAGOS:UBN) was up 1.64% or 0.10 points to 6.20 in late trade.

The worst performers of the session were Diamond Bank (LAGOS:DIAMONB), which fell 5.00% or 0.080 points to trade at 1.540 at the close. Pz Cussons LG (LAGOS:PZ) declined 4.82% or 1.00 points to end at 19.75 and Skye Bank (LAGOS:SKYEBAN) was down 3.95% or 0.030 points to 0.740.

Falling stocks outnumbered advancing ones on the Lagos by 58 to 30 and 15 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; down 4.82% or 1.00 to 19.75.

Crude oil for July delivery was up 0.68% or 0.45 to $66.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 1.15% or 0.87 to hit $76.75 a barrel, while the August Gold Futures contract rose 0.19% or 2.50 to trade at $1301.90 a troy ounce.

EUR/NGN was down 0.20% to 423.440, while USD/NGN rose 0.14% to 361.000.

The US Dollar Index Futures was down 0.27% at 93.58.