Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Insurance, Food, Beverages & Tobacco and Banking sectors propelled shares lower.
At the close in Lagos, the NSE 30 lost 0.37% to hit a new 1-month low.
The biggest gainers of the session on the NSE 30 were Dangsugar (LAGOS:DANGSUG), which rose 5.14% or 0.90 points to trade at 18.40 at the close. Uacn Prop (LAGOS:UACN) added 2.65% or 0.35 points to end at 13.55 and Union Bank LG (LAGOS:UBN) was up 1.69% or 0.10 points to 5.85 in late trade.
Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 8.68% or 1.65 points to trade at 17.35 in late trade. Skye Bank (LAGOS:SKYEBAN) declined 7.14% or 0.050 points to end at 0.680 and Wapco (LAGOS:WAPCO) shed 5.17% or 1.85 points to 33.10.
Declining stocks outnumbered rising ones by 59 to 28 and 19 ended unchanged on the Lagos.
In commodities trading, Crude oil for August delivery was down 3.37% or 2.50 to $71.61 a barrel. Meanwhile, Brent oil for delivery in September fell 4.45% or 3.51 to hit $75.35 a barrel, while the August Gold Futures contract fell 0.88% or 11.10 to trade at $1244.30 a troy ounce.
EUR/NGN was up 0.07% to 421.640, while USD/NGN rose 0.28% to 361.000.
The US Dollar Index Futures was up 0.60% at 94.41.