Nigeria stocks lower at close of trade; NSE 30 down 1.19%

Nigeria stocks lower at close of trade; NSE 30 down 1.19%

May 30, 2018

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

At the close in Lagos, the NSE 30 fell 1.19% to hit a new 3-months low.

The best performers of the session on the NSE 30 were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which rose 4.68% or 0.40 points to trade at 8.95 at the close. Meanwhile, Skye Bank (LAGOS:SKYEBAN) added 4.41% or 0.030 points to end at 0.700 and Wemabank (LAGOS:WEMABAN) was up 4.29% or 0.030 points to 0.730 in late trade.

The worst performers of the session were Unilever Nig (LAGOS:UNILEVE), which fell 6.94% or 3.40 points to trade at 45.60 at the close. Guiness Nig (LAGOS:GUINNES) declined 5.00% or 5.00 points to end at 95.00 and Stanbicibtc Hl (LAGOS:IBTC) was down 4.95% or 2.35 points to 45.15.

Falling stocks outnumbered advancing ones on the Lagos by 58 to 32 and 10 ended unchanged.

Crude oil for July delivery was up 2.31% or 1.54 to $68.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 2.58% or 1.95 to hit $77.44 a barrel, while the June Gold Futures contract rose 0.17% or 2.20 to trade at $1301.20 a troy ounce.

EUR/NGN was up 0.67% to 418.620, while USD/NGN rose 0.14% to 361.500.

The US Dollar Index Futures was down 0.79% at 94.06.

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