Nigeria stocks lower at close of trade; NSE 30 down 0.07%

Nigeria stocks lower at close of trade; NSE 30 down 0.07%

Jul 09, 2018

Nigeria stocks were lower after the close on Monday, as losses in the Food, Beverages&Tobacco, Insurance and Oil&Gas sectors led shares lower.

At the close in Lagos, the NSE 30 fell 0.07%.

The best performers of the session on the NSE 30 were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which rose 1.00% or 0.10 points to trade at 10.10 at the close. Meanwhile, Unilever Nig (LAGOS:UNILEVE) added 0.10% or 0.05 points to end at 51.65 and Guiness Nig (LAGOS:GUINNES) was up 0.05% or 0.05 points to 97.00 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 8.42% or 1.60 points to trade at 17.40 at the close. Total Nig (LAGOS:TOTAL) declined 7.14% or 15.00 points to end at 195.00 and Nestle Nig (LAGOS:NESTLE) was down 6.60% or 99.00 points to 1401.00.

Falling stocks outnumbered advancing ones on the Lagos by 57 to 30 and 15 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; falling 8.42% or 1.60 to 17.40.

Crude oil for August delivery was down 0.33% or 0.24 to $73.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.04% or 0.80 to hit $77.91 a barrel, while the August Gold Futures contract rose 0.29% or 3.70 to trade at $1259.50 a troy ounce.

EUR/NGN was up 0.57% to 423.850, while USD/NGN fell 0.14% to 360.000.

The US Dollar Index Futures was up 0.14% at 93.89.

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