Nigeria stocks lower at close of trade; NSE 30 down 0.13%

Nigeria stocks lower at close of trade; NSE 30 down 0.13%

Oct 10, 2018

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

At the close in Lagos, the NSE 30 lost 0.13%.

The best performers of the session on the NSE 30 were Fidelitybk (LAGOS:FIDELIT), which rose 5.56% or 0.100 points to trade at 1.910 at the close. Meanwhile, Wemabank (LAGOS:WEMABAN) added 5.26% or 0.030 points to end at 0.600 and Diamond Bank (LAGOS:DIAMONB) was up 4.17% or 0.050 points to 1.250 in late trade.

The worst performers of the session were Guiness Nig (LAGOS:GUINNES), which fell 6.96% or 5.50 points to trade at 73.50 at the close. Total Nig (LAGOS:TOTAL) declined 5.46% or 10.00 points to end at 173.00 and Uacn Prop (LAGOS:UACN) was down 4.35% or 0.50 points to 10.95.

Falling stocks outnumbered advancing ones on the Lagos by 42 to 40 and 18 ended unchanged.

Shares in Guiness Nig (LAGOS:GUINNES) fell to 52-week lows; falling 6.96% or 5.50 to 73.50. Shares in Total Nig (LAGOS:TOTAL) fell to 52-week lows; falling 5.46% or 10.00 to 173.00.

Crude oil for November delivery was down 2.20% or 1.65 to $73.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.87% or 1.59 to hit $83.41 a barrel, while the December Gold Futures contract rose 0.13% or 1.60 to trade at $1193.10 a troy ounce.

EUR/NGN was up 0.19% to 417.560, while USD/NGN rose 0.14% to 363.500.

The US Dollar Index Futures was down 0.29% at 95.08.

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