Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors propelled shares lower.
At the close in Lagos, the NSE 30 lost 0.47% to hit a new 1-month low.
The biggest gainers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), which rose 3.03% or 0.020 points to trade at 0.680 at the close. Fbn Holdings (LAGOS:FBNH) added 2.37% or 0.140 points to end at 6.050 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was up 0.82% or 0.04 points to 4.71 in late trade.
Biggest losers included Union Bank LG (LAGOS:UBN), which lost 7.03% or 0.43 points to trade at 5.69 in late trade. Wapco (LAGOS:WAPCO) declined 5.00% or 2.50 points to end at 47.50 and Unilever Nig (LAGOS:UNILEVE) shed 4.99% or 1.84 points to 35.03.
Declining stocks outnumbered rising ones by 55 to 19 and 21 ended unchanged on the Lagos.
In commodities trading, Crude oil for August delivery was down 3.70% or 1.74 to $45.33 a barrel. Meanwhile, Brent oil for delivery in September fell 3.20% or 1.59 to hit $48.02 a barrel, while the August Gold Futures contract rose 0.23% or 2.86 to trade at $1222.06 a troy ounce.
EUR/NGN was down 0.19% to 356.610, while USD/NGN unchanged 0.00% to 314.750.
The US Dollar Index Futures was up 0.05% at 96.04.