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Nigeria shares lower at close of trade; NSE 30 down 0.50%

Published 04/11/2016, 04:15 am
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 0.50%
DANGFLOUR
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DIAMONB
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NB
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SKYEBAN
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WEMABAN
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ZENITHB
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NGSE30
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NGSEFBT10
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NGSEOILG5
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NGSEBNK10
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Investing.com – Nigeria equities were lower at the close on Thursday, as losses in the Food, Beverages & Tobacco, Oil & Gas and Banking sectors propelled shares lower.

At the close in Lagos, the NSE 30 lost 0.50% to hit a new 1-month low.

The biggest gainers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 3.70% or 0.040 points to trade at 1.120 at the close. Zenithbank (LAGOS:ZENITHB) added 1.96% or 0.29 points to end at 15.10 and Wemabank (LAGOS:WEMABAN) was up 1.79% or 0.010 points to 0.580 in late trade.

Biggest losers included Skye Bank (LAGOS:SKYEBAN), which lost 1.67% or 0.01 points to trade at 0.59 in late trade. Nig Brew (LAGOS:NB) declined 1.48% or 2.14 points to end at 142.87 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) shed 1.26% or 0.05 points to 3.84.

Declining stocks outnumbered rising ones by 20 to 17 and 42 ended unchanged on the Lagos.

In commodities trading, Crude oil for December delivery was down 1.74% or 0.79 to $44.55 a barrel. Meanwhile, Brent oil for delivery in January fell 1.34% or 0.63 to hit $46.23 a barrel, while the December Gold contract fell 0.46% or 6.05 to trade at $1302.15 a troy ounce.

EUR/NGN was up 0.48% to 352.170, while USD/NGN fell 0.79% to 315.000.

The US Dollar Index was down 0.24% at 97.16.

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