Nigeria stocks lower at close of trade; NSE 30 down 0.75%

Nigeria stocks lower at close of trade; NSE 30 down 0.75%

Aug 31, 2018

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

At the close in Lagos, the NSE 30 lost 0.75% to hit a new 52-week low.

The best performers of the session on the NSE 30 were Access Bank (LAGOS:ACCESS), which rose 2.17% or 0.20 points to trade at 9.50 at the close. Meanwhile, Wemabank (LAGOS:WEMABAN) added 1.67% or 0.010 points to end at 0.610 and Stanbicibtc Hl (LAGOS:IBTC) was up 1.59% or 0.75 points to 48.00 in late trade.

The worst performers of the session were Nestle Nig (LAGOS:NESTLE), which fell 9.50% or 142.50 points to trade at 1357.50 at the close. Union Bank LG (LAGOS:UBN) declined 6.84% or 0.40 points to end at 5.45 and Pz Cussons LG (LAGOS:PZ) was down 6.67% or 1.00 points to 14.00.

Falling stocks outnumbered advancing ones on the Lagos by 55 to 41 and 16 ended unchanged.

Crude oil for October delivery was down 0.47% or 0.33 to $69.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.36% or 0.28 to hit $77.74 a barrel, while the December Gold Futures contract rose 0.09% or 1.10 to trade at $1206.10 a troy ounce.

EUR/NGN was down 0.26% to 422.330, while USD/NGN rose 0.03% to 362.170.

The US Dollar Index Futures was up 0.45% at 95.07.

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