Nigeria stocks lower at close of trade; NSE 30 down 0.95%

Nigeria stocks lower at close of trade; NSE 30 down 0.95%

Aug 16, 2018

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

At the close in Lagos, the NSE 30 fell 0.95% to hit a new 52-week low.

The best performers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 1.79% or 0.10 points to trade at 5.55 at the close. Meanwhile, Diamond Bank (LAGOS:DIAMONB) added 0.91% or 0.010 points to end at 1.110 and Guaranty Bnk (LAGOS:GUARANT) was up 0.79% or 0.30 points to 38.05 in late trade.

The worst performers of the session were Skye Bank (LAGOS:SKYEBAN), which fell 8.77% or 0.050 points to trade at 0.520 at the close. Wemabank (LAGOS:WEMABAN) declined 7.46% or 0.050 points to end at 0.610 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 5.92% or 0.45 points to 7.15.

Falling stocks outnumbered advancing ones on the Lagos by 54 to 26 and 15 ended unchanged.

Crude oil for September delivery was up 0.68% or 0.44 to $65.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.93% or 0.66 to hit $71.42 a barrel, while the December Gold Futures contract fell 0.09% or 1.10 to trade at $1183.90 a troy ounce.

EUR/NGN was up 0.54% to 411.370, while USD/NGN fell 0.14% to 360.000.

The US Dollar Index Futures was down 0.06% at 96.53.

Join Libertex!

Practice for free on a demo account with 50,000 euro

Register
or start live trading now