Nigeria stocks lower at close of trade; NSE 30 down 0.39%

Nigeria stocks lower at close of trade; NSE 30 down 0.39%

Sep 24, 2018

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

At the close in Lagos, the NSE 30 lost 0.39%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 4.65% or 2.00 points to trade at 45.50 at the close. Meanwhile, Dangsugar (LAGOS:DANGSUG) added 1.70% or 0.25 points to end at 14.95 and Guaranty Bnk (LAGOS:GUARANT) was up 1.59% or 0.55 points to 35.30 in late trade.

The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 9.48% or 0.55 points to trade at 5.25 at the close. Guiness Nig (LAGOS:GUINNES) declined 5.74% or 5.05 points to end at 82.95 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 3.38% or 0.25 points to 7.15.

Falling stocks outnumbered advancing ones on the Lagos by 50 to 27 and 18 ended unchanged.

Shares in Guiness Nig (LAGOS:GUINNES) fell to 52-week lows; falling 5.74% or 5.05 to 82.95.

Crude oil for November delivery was up 1.68% or 1.19 to $71.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.49% or 1.95 to hit $80.19 a barrel, while the December Gold Futures contract rose 0.29% or 3.50 to trade at $1204.80 a troy ounce.

EUR/NGN was up 0.15% to 427.620, while USD/NGN rose 0.28% to 363.500.

The US Dollar Index Futures was down 0.04% at 93.75.

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