Nigeria stocks lower at close of trade; NSE 30 down 1.15%

Nigeria stocks lower at close of trade; NSE 30 down 1.15%

Jul 17, 2018

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

At the close in Lagos, the NSE 30 declined 1.15% to hit a new 1-month low.

The best performers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 7.94% or 0.050 points to trade at 0.660 at the close. Meanwhile, Dangsugar (LAGOS:DANGSUG) added 2.57% or 0.45 points to end at 17.85 and Union Bank LG (LAGOS:UBN) was up 0.88% or 0.05 points to 5.75 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 9.94% or 1.70 points to trade at 15.50 at the close. Wapco (LAGOS:WAPCO) declined 8.00% or 3.00 points to end at 34.50 and Stanbicibtc Hl (LAGOS:IBTC) was down 7.67% or 3.95 points to 47.25.

Falling stocks outnumbered advancing ones on the Lagos by 66 to 24 and 14 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; falling 9.94% or 1.70 to 15.50.

Crude oil for September delivery was up 0.55% or 0.37 to $67.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.79% or 0.57 to hit $72.41 a barrel, while the August Gold Futures contract fell 0.97% or 12.00 to trade at $1227.70 a troy ounce.

EUR/NGN was up 0.23% to 358.500, while USD/NGN fell 0.14% to 361.000.

The US Dollar Index Futures was up 0.52% at 94.76.

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