Nigeria stocks lower at close of trade; NSE 30 down 0.44%

Nigeria stocks lower at close of trade; NSE 30 down 0.44%

Sep 17, 2018

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

At the close in Lagos, the NSE 30 declined 0.44%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 5.23% or 2.25 points to trade at 45.25 at the close. Meanwhile, Access Bank (LAGOS:ACCESS) added 3.85% or 0.30 points to end at 8.10 and Fidelitybk (LAGOS:FIDELIT) was up 2.44% or 0.040 points to 1.680 in late trade.

The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 5.00% or 0.030 points to trade at 0.570 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) declined 4.61% or 0.35 points to end at 7.25 and Wapco (LAGOS:WAPCO) was down 3.38% or 0.70 points to 20.00.

Falling stocks outnumbered advancing ones on the Lagos by 54 to 30 and 15 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 5-year lows; losing 3.38% or 0.70 to 20.00.

Crude oil for November delivery was down 0.31% or 0.21 to $68.56 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.18% or 0.14 to hit $77.95 a barrel, while the December Gold Futures contract rose 0.44% or 5.30 to trade at $1206.40 a troy ounce.

EUR/NGN was up 0.35% to 422.160, while USD/NGN fell 0.28% to 361.500.

The US Dollar Index Futures was down 0.48% at 94.05.

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