Nigeria stocks lower at close of trade; NSE 30 down 0.16%

Nigeria stocks lower at close of trade; NSE 30 down 0.16%

May 08, 2018

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

At the close in Lagos, the NSE 30 lost 0.16%.

The best performers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 4.71% or 0.040 points to trade at 0.880 at the close. Meanwhile, Skye Bank (LAGOS:SKYEBAN) added 4.55% or 0.040 points to end at 0.890 and Guaranty Bnk (LAGOS:GUARANT) was up 1.33% or 0.60 points to 45.65 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 4.89% or 1.10 points to trade at 21.40 at the close. Unilever Nig (LAGOS:UNILEVE) declined 4.67% or 2.45 points to end at 50.05 and Wapco (LAGOS:WAPCO) was down 4.64% or 1.95 points to 40.05.

Falling stocks outnumbered advancing ones on the Lagos by 59 to 34 and 12 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 52-week lows; falling 4.64% or 1.95 to 40.05.

Crude oil for June delivery was down 3.00% or 2.12 to $68.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 2.49% or 1.90 to hit $74.27 a barrel, while the June Gold Futures contract fell 0.13% or 1.70 to trade at $1312.40 a troy ounce.

EUR/NGN was down 0.32% to 427.650, while USD/NGN rose 0.14% to 360.000.

The US Dollar Index Futures was up 0.31% at 92.90.

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