Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Banking, Food, Beverages & Tobacco and Insurance sectors propelled shares lower.
At the close in Lagos, the NSE 30 declined 0.95%.
The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which unchanged 0.00% or 0.000 points to trade at 0.790 at the close. Firstcity Bnk (LAGOS:FCMB) added 3.75% or 0.03 points to end at 0.83 and Wapco (LAGOS:WAPCO) was up 2.60% or 2.00 points to 78.45 in late trade.
Biggest losers included Fbn Holdings (LAGOS:FBNH), which lost 5.36% or 0.17 points to trade at 3.09 in late trade. Pz Cussons LG (LAGOS:PZ) declined 4.98% or 1.19 points to end at 22.71 and Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD) shed 4.71% or 0.12 points to 2.43.
Declining stocks outnumbered rising ones by 23 to 15 and 48 ended unchanged on the Lagos.
In commodities trading, Crude oil for May delivery was down 0.03% or 0.01 to $38.27 a barrel. Meanwhile, Brent oil for delivery in June rose 0.53% or 0.21 to hit $40.06 a barrel, while the June Gold contract fell 0.57% or 7.00 to trade at $1230.50 a troy ounce.
EUR/NGN was up 1.43% to 225.110, while USD/NGN unchanged 0.00% to 199.150.
The US Dollar Index was down 0.28% at 94.90.